Albany Bankruptcy Law

Sometimes good businesses run into trouble. A Chapter 11 bankruptcy provides business owners with the opportunity to reorganize their finances while keeping the company in operation. This allows business owners to protect the jobs of their employees, generate revenue, and pay their creditors over time.

While Chapter 11 can’t resolve major problems with business management or a poor market for a company’s goods or services, it can provide breathing room by issuing an automatic stay against collection activities, release from certain burdensome leases and contracts, and an opportunity to renegotiate terms with creditors. Tully Rinckey PLLC’s bankruptcy attorneys have significant experience in Chapter 11 proceedings. Let us represent your business interests.

If you are struggling with debt, Chapter 7 bankruptcy may be a good option. Under Chapter 7, the court issues an automatic stay against creditors. This stops creditor harassment and collection attempts, such as lawsuits, liens, and bank levies. In most cases, you’ll be able to keep much of your personal property, including your home and car. After your nonexempt assets are liquidated and the proceeds paid to your creditors, the court wipes out the rest of your eligible debt, giving you a fresh start.

At Tully Rinckey PLLC, our experienced attorneys provide aggressive representation to our clients during bankruptcy proceedings. We can help you determine whether Chapter 7 bankruptcy is your best option, as well as provide guidance on other debt relief options.

Taxpayers have several options when faced with overwhelming back taxes. These options include long-term payment plans, “offers in compromise” – in which the IRS agrees to accept a lesser amount than what you currently owe – and bankruptcy. In fact, many people don’t realize that there are circumstances in which taxes can indeed be discharged in bankruptcy proceedings.

Don’t let fear keep you from getting the tax debt relief you need. The experienced bankruptcy attorneys at Tully Rinckey PLLC provide aggressive representation in your dealings with the IRS. We protect your interests and make sure that you receive any debt relief allowable by law.

The idea of filing for bankruptcy is a frightening one for many people. That’s why the experienced bankruptcy attorneys at Tully Rinckey PLLC have come together to produce a series of videos that answer the most common questions about bankruptcy. Contrary to what many people believe, it’s possible to survive bankruptcy and keep your home, car, and treasured valuables. You can begin to reestablish post-bankruptcy credit much sooner than you think.

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If you are a creditor who has received no or minimal repayment from a bankruptcy distribution, you may have a claim on the funds received by other creditors prior to the bankruptcy filing. Or, if you are a creditor who has received funds, you may be sued by a bankruptcy trustee for simply accepting money you were legitimately owed. The U.S. bankruptcy code provides numerous defenses in these cases, while also protecting the rights of creditors who may wish to pursue these funds.

The bankruptcy attorneys of Tully Rinckey PLLC have represented both defendants and plaintiffs in U.S. district courts, U.S. bankruptcy courts and state supreme courts. We’ll aggressively represent your interests while protecting your rights and privacy in all bankruptcy matters.

Just as every debtor’s circumstances are different, so are bankruptcy options. The U.S. Bankruptcy Code is necessarily complex, as it exists to provide debt relief to individuals and businesses who are experiencing financial stress. Our online bankruptcy terms guide can help you understand the language used in the Bankruptcy Code and by legal professionals. By taking some time to review these terms, you’ll have a better understanding of the bankruptcy process and the options available to debtors.

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A secured transaction is one in which a debtor provides a creditor with something of value, typically called “collateral,” as a way to secure a debt and prevent a financial loss to the creditor. If the debtor defaults on the arrangement, the creditor is able to sell the collateral to recoup any losses. The creditor maintains their interest in the collateral even if the debtor declares bankruptcy.

The attorneys at Tully Rinckey PLLC have extensive experience in secured transactions. Whether you’re a creditor or debtor, we’re prepared to provide you with aggressive representation and competent legal advice in this area of business.

When a debtor declares bankruptcy, your business is at risk of significant financial loss. It’s important to take action as soon as you receive notice that a debtor has filed for bankruptcy. Tully Rinckey PLLC is a dedicated advocate for creditors’ interests and stands ready to provide your business with aggressive representation.

Our creditor’s rights attorneys have significant experience representing lenders and credit granters in all types of bankruptcies, including Chapter 7, Chapter 11, and Chapter 13. We advise creditors’ committees, pursue bankruptcy non-dischargeability actions, and litigate bankruptcies as appropriate.