YOU MAY HAVE SEEN TODD SPODEK ON THE NETFLIX SHOW INVENTING ANNA
When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.
NYC Small Business Bankruptcy Lawyers
Small businesses are started every day. As such, there will invariably be some that don’t gain traction as quickly as was predicted. Any number of factors can contribute to a small business losing too much money and having to file for bankruptcy. If you are an owner of a small business and are going through this exact situation, you will be relieved to know that there are a myriad of bankruptcy options available for you to choose from. The following will provide an in-depth and detailed look at what bankruptcy options are open to small businesses.
Chapter 7
Chapter 7 bankruptcy is the type of bankruptcy that is filed by small business owners that basically see no future of the business surviving and have little to no assets at the moment. Through this type of bankruptcy, all remaining assets will be sold off in order to fill a portion of the remaining debts, while the rest of the debts will be discharged, which means that the debtor will no longer owe them.
If you are looking for a lawyer that listens, is aggressive where needed, and holds his word above all else, Todd is the best pick. I had hired multiple attorneys prior to hiring the Spodek Group for a white collar case. The first thing that stood out to me was the cost, as anyone going through the process and dealing with the system, money was tight at that time - especially after hiring and firing multiple lawyers. The cost was not as high as others which was definitely a plus. Todd's intake process was also unlike other attorneys. He took the time to actually listen. He cared. He was trying to put himself in my shoes while I was explaining the situation to him and he really took the time to understand the whole situation. Other lawyers will give you 15 mins and send you a retainer agreement. Not Todd, I think he spent almost two hours with me as I was explaining everything.Not only was he great during the onboarding process, he was supportive and very informative through the entire plea process and eventually sentencing. After hiring him, I asked if I should hire a prison consultant, he told me to save my money as he would do everything they would. He was right and held up to his word. Later on I would hear from others that went with the prison consultants that they were a waste of money - I am glad I listened to Todd!When it came time for sentencing, two days prior to sentencing, the prosecutor tried increasing my proposed prison time by almost double - apparently a normal move. Todd and his team worked with me non-stop through the weekend prior to sentencing to ensure that I was not given additional prison time. Again, he took the time to listen and came up with a strategy to explain the case with great detail.Unfortunately, I did plead guilty as that was my best option. Todd and his whole team wrote up nearly 300 pages of a summary of what happened and why I should not be given prison time. If I breakdown the amount I spent with Todd versus the amount of work that I saw being done, I am shocked I was not charged four times as much. The other benefit was, a lot of criminal defense lawyers were just a single attorney with a paralegal or two. Todd had a team of people that I dealt with (5-7 people that I interacted with), but he was ALWAYS accessible. It would never take him more than an hour to reply unless he was in court.I was sentenced to prison and I was emotionally distraught. Todd and his team did whatever they could even after sentencing to make sure I was alright. He personally stayed in touch with my family to ensure I was doing alright and offered support to them. Most lawyers would consider the job complete at sentencing, not Todd.After prison, Todd still spent time with me to make sure I was on the right track and avoiding any potential risks in the future. He has also been giving advice on how to navigate probation etc and has not been looking at the clock for billing.Although I wish I had never been arrested in the first place, I am glad I had Todd and his team in my corner. Without them I likely would have had to spend a lot more time in prison than I did.Thank you, Todd, and the entire Spodek Law team, for helping turn what was a nightmare into a manageable situation!
I am immensely grateful to the entire team at Spodek Law Group for their unwavering dedication and exceptional expertise throughout my case. From our initial consultation to the final resolution, their professionalism and tireless advocacy made all the difference. Their strategic approach and attention to detail instilled confidence in me every step of the way.Thanks to their hard work and commitment, we achieved a truly favorable outcome that exceeded my expectations. Not only did they navigate the complexities of my case with precision, but they also provided invaluable support and guidance during what was undoubtedly a challenging time. I cannot recommend Spodek Law Group highly enough, especially attorneys Todd Spodek and Claire Banks; they are beacons of excellence in the legal profession.YSP.
Todd, Ralph and Alex are amazing. Helped my husband get from a double digit number with multiple charges to a single digit, by the time I blink he will be out. They very professional and help with all your needs. They dealt with my anxiety and worry very well and they understand that your family member needs to get home as soon as possible.
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence.Thank you team!
I recently had Spodek Law Group represent me for a legal matter in NYC and I am thoroughly impressed with their services.Alex Zhik secured the best possible outcome for my case.It was a seamless journey from the initial consultation to the resolution of my legal matter. From the moment I spoke to Todd about my case, his enthusiasm to help was evident, setting a positive tone for the entire experience. The efficiency and professionalism displayed by the team is commendable.A particularly noteworthy aspect of their service is their user-friendly portal to upload your documents/evidence. This not only simplified the process, but showcases their commitment to streamline the client experience.Lastly, in an industry where legal fees can often be a concern, I found their pricing to be very reasonable, making needing legal assistance feel accessible and stress-free.I am grateful for their support and wouldn't hesitate to turn to them again in the future.
While Chapter 7 bankruptcy was designed for small businesses and their owners that saw no future of the survival of the business, Chapter 11 bankruptcy is often filed by business owners that believe that business can eventually be turned around. Small business owners that decide to file this type of bankruptcy typically have a recovery plan for the future of their company. Chapter 11 bankruptcy allows a business to continue through an in-depth reorganization. It’s important to note that this is one of the more complicated bankruptcy types for small business owners and will require a lot of fortitude and perseverance, as there will be a trustee assigned by the court in order to keep an eye on the reorganization process as a means of ensuring that the business can be salvaged.
Chapter 12
Chapter 12 bankruptcy is typically reserved for family farmers or fishermen. If your small business falls under this category, then it’s possible to file for this bankruptcy instead of the standard Chapter 7 or 11 bankruptcies. Chapter 12 bankruptcy allows debtors to propose a type of repayment plan that is focused around making installments to all of the creditors in question. With this type of bankruptcy, the debtor can use this repayment plan for a period of 3 to 5 years in total.
Chapter 13
As for Chapter 13 bankruptcy, this type of bankruptcy allows the debtor to create an in-depth repayment plan on how the debts are going to be paid. The debtor will then provide this to the bankruptcy court to review and decide if the bankruptcy should go forward. This is generally a reorganization type of bankruptcy that is usually meant to be filed by consumers. However, small business owners can make use of it. This type of bankruptcy is particularly advantageous for one type of situation. If the personal assets you have are tied into any business assets, filing Chapter 13 bankruptcy as opposed to Chapter 7 bankruptcy allows you to basically avoid the possibility of losing your home.
How to Identify Which Bankruptcy is Best for Your Small Business
The type of bankruptcy you choose to file all depends on your needs as a business owner. If you believe that you can still salvage the business and turn it around into a profitable one, then Chapter 11 bankruptcy is something that you should seriously consider. However, if you don’t have a concrete and direct plan for reorganizing your business, then you may have to file Chapter 7 bankruptcy. Chapter 12 and 13 bankruptcies are also possible depending on what type of small business you own and what your assets are. While you may have an idea of which bankruptcy you want to file, it’s recommended that you retain the services of our NYC bankruptcy law firm to ensure that the process is as efficient and smooth as possible.
How We Can Help
When you choose to retain our services, there are a wide range of ways in which we can help you with filing for small business bankruptcy. We will aid you in deciding whether your business should be liquidated or reorganized and will identify how much of the debt for your business has been secured. If Chapter 11 bankruptcy is appealing to you as a small business owner, we will ascertain whether or not you have the resources and determination that is needed in order to undergo a complete reorganization. There is also a possibility that yours is a business that can be started up almost immediately after liquidation, which is something we will determine for you. If you have further questions about small business bankruptcy, feel free to contact us at any time.
