Theodore Connolly
Boston, MA
Licensed for 19 years
Law Degree
Awards
Primary Practice Area
Bankruptcy & Debt
Language
English
About
The government has thrown a lifeline to our businesses with the 2020 stimulus. Unfortunately, the relief may not be enough for your business.Many businesses will not make it through this economic turbulence. Landlords will expect rent payments; lenders will send demand letters and may file lawsuits.Strategy and action are necessary. We can help you to restructure your debts and seek non-bankruptcy alternative to keep your business alive. If negotiations fail, the Small Business Reorganizations Act, effective February 2020, may provide a lifeline. The SBRA allows small businesses to pursue a streamlined bankruptcy that could be considered a forced debt consolidation, with payments to unsecured creditors amortized over three to five years without additional recourse.We have great experience fighting to help businesses survice and flourish. We also can help you get your new business started. Times like these can be surprisingly good for starting new, successful businesses.
Practices Areas
Business
Language
English