bankruptcy: New Haven, CT: Is Filing Bankruptcy Right for Your Small Business?
- 05/27/22 10:10 AM
I am a business bankruptcy and insolvency attorney who routinely represents businesses in a variety of bankruptcy matters. When a corporate client calls me, it is usually because something has gone wrong – maybe they couldn’t pay their rent due to a reduction in monthly sales, so the landlord is ready to kick them out of their prime location, or the recent global supply chain issues are affecting their ability to manufacture their product as forecast, causing a huge reduction in operating cash flow. If this is a smaller business, filing for bankruptcy and reorganizing its debt under Chapter 11 may be … (0 comments)
bankruptcy: New Haven, CT Cannabis: Impact of the MORE Act on the Industry
- 04/19/22 01:22 PM
I regularly represent clients in business insolvency and bankruptcy matters in Connecticut. Recently, with the passage of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act on April 1, 2022, conversations among business law and bankruptcy practitioners have again turned to the topic of the cannabis industry. In particular, many are wondering about the future of the nascent cannabis industry here in Connecticut and what effect a reduction of restrictions at the federal level might have on it. In light of these developments and the recent trend of legalizing recreational adult use, many entrepreneurs are also sizing up the market—and rightfully so. While … (0 comments)
bankruptcy: New Haven, CT: Offers-in-Compromise vs Bankruptcy to Resolve Tax Debt
- 05/31/20 03:13 AM
Join us this Thursday June 4th for a free two hour program on IRS Offers-in-Compromise vs. Bankruptcy, and when you and your clients should choose one resolution alternative over the other. Joining me will be Amanda Evans, EA and Joanna Kornafel, Esq. and we will walk through the IRS OIffer-in-Compromise program and the mechanics of bankruptcy, and what factors does a client need to have to select one over the other. There are two credits available for CPAs and Enrolled Agents, and the program is free. CHeck it out and register for the program here: https://gs-lawfirm.com/program-20200604-resolving-tax-issues/ We look forward to seeing you all on Thursday! Eric Green, Esq. Green & … (0 comments)
bankruptcy: U.S. Treasury Can't Exercise Right of Offset After Bankruptcy is Filed
- 04/13/19 04:18 AM
We represent business owners and individuals in bankruptcy and commercial litigation frequently. On March 31, 2019, in Wood v. Dept. of Housing & Urban Development (In re Wood), 18-5006 (Bankr. S.D. W.Va. Mar. 31, 2019), the court addressed the issue concerning whether a debtor’s tax overpayment was protected by the automatic stay and was an asset that the debtor could exempt. The U.S. Treasury had offset a deficiency owed to the Department of Housing and Urban Development, or “HUD”, with a federal tax overpayment after a bankruptcy was filed. Typically, if one department of the federal government is a creditor of … (5 comments)
I am a business bankruptcy and insolvency attorney who routinely represents businesses in a variety of bankruptcy matters. When a corporate client calls me, it is usually because something has gone wrong – maybe they couldn’t pay their rent due to a reduction in monthly sales, so the landlord is ready to kick them out of their prime location, or the recent global supply chain issues are affecting their ability to manufacture their product as forecast, causing a huge reduction in operating cash flow. 
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