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With the ever-changing business landscape, the concept of usurping corporate opportunities has become a more prevalent issue in the world of corporate law. What do we mean when we talk about...

A Chapter 7 liquidation provides honest individual debtors with a fresh start by discharging most debts existing at the time the Chapter 7 petition is filed, while allowing the debtor to retain certain portions of exempt assets.

A preferential transfer is one made by an insolvent debtor within the 90-day period before filing a bankruptcy petition.

Chapter 13 bankruptcy, often referred to as a "wage earner's plan," allows individuals with a regular income to develop a plan to repay all or part of their debts.

As we discussed in our prior article – What Are Claims Assessment Cases – a claims assessment case is a personal injury claim that an insurance company evaluates using claims assessment software...

The restaurant industry is no stranger to hardship - particularly evident in recent years - having faced mandatory closings, reduced occupancy requirements, labor shortages...

Exiting a commercial real estate joint venture can be a complex process that requires careful planning and execution. Exiting a joint venture requires a thorough understanding...

When it comes to choosing a business lawyer, understanding the different specializations within the field is crucial.

As we discussed in our two prior articles on H-1B visas – "Do You Qualify for an H-1B Visa?" and "Your Rights as an H-1B Worker", an H-1B visa - Specialty Occupations...

A traditional Chapter 11 bankruptcy reorganization case can be time-consuming and expensive for small and medium sized businesses.

In many types of real estate transactions, one party will demand that the counterparty obtain and provide a standby letter of credit.

Parties to a contract have the opportunity to select which substantive law they wish to apply to their contract. Contracting parties can also elect the forum in which they bring disputes...

Yesterday, Co-Founder Andreas Koutsoudakis spoke at the New York City Bar's CLE Program on "Restaurant Law in New York City: 2023 Edition."

Due to the potentially burdensome costs – financial and otherwise – associated with filing for bankruptcy, the Bankruptcy Code distinguishes between small business debtors and large business debtors.

On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, aka the "CARES Act," which included stimulus programs and regulatory initiatives...

A letter of intent or "LOI" – also sometimes referred to as a term sheet or memorandum of understanding – is often the first stage of negotiating a lease.

What is an assignment for the benefit of creditors? An assignment for the benefit of creditors ("ABC") is an alternative to a chapter 7 bankruptcy proceeding.