Recent Posts in business debt Category

  • How to Avoid Business Insolvency

    || 1-Aug-2017

    When business slows down or unexpected expenses come up, it can be difficult to stay on top of your minimum payments on loans and business cash advances. Unfortunately, the repercussions for missing payments can lead you to default on your financial obligations, potentially prompting your lender to take legal action against you. At the Law Office of Simon Goldenberg PLLC, we are dedicated to ...
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  • Tips to Help You Get Out of Debt

    || 25-May-2017

    The one common mistake made by all people with past-due debts is that they spend a lot more than they actually have. Student loans, credit card bills, bank loans or loans from other creditors all add to your debt and, if you’re not careful, they’ll push you further and further into the mess until you’re too lost to find your way out. As harsh as it may sound, it’s true. In ...
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  • A+ BBB Rating Conferred Upon Our New York Law Firm

    || 12-Apr-2017

    In addition to the numerous honors conferred upon the Law Office of Simon Goldenberg PLLC by organizations like Superlawyers, Avvo, and Martindale-Hubbell, we are proud to announce our accreditation by the Better Business Bureau ("BBB") serving the Metropolitan New York, Long-Island, and Mid-Hudson Region. We are very proud of the A+ rating that we received after the BBB conducted a ...
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  • Merchant Cash Advance & Business Debt Lawyers

    || 14-Mar-2017

    Nearly every day, our office receives phone calls from business owners that are desperately looking for a solution to their small-business debts. Whether it be an MCA debt (Merchant Cash Advance), a business loan, a line-of-credit, or even a commercial credit card, it can be tough to know where to turn when you can no longer afford to make the minimum payments. It’s no wonder that some ...
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  • Consumer Debt vs. Business Debt: What's the Difference?

    || 21-Feb-2017

    Debt usually refers to money owed by one party, the debtor or borrower, to another party, the lender or creditor. However, there is a big difference between consumer debt and business debt, especially with how the debts are collected when they are in default status. Consumer Debt A debt is considered a "consumer debt" if it was primarily accrued for personal, family, or household ...
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  • Lower Payments on Merchant Cash Advance & Business Loan Debt

    || 7-Feb-2017

    Our debt relief team has experienced an increase in callers from company owners seeking help with unaffordable business debts and struggling to keep up with the large daily, weekly, or monthly payments. With the fear of potentially having to close their companies due to insolvency, these proprietors are desperately seeking a solution to restructure their commercial debts. Not knowing where to turn ...
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  • What Are My Options to Resolve Business Debt?

    || 6-Feb-2017

    Running a business can be tough, particularly if you’re a small business competing against corporations. Though people take on debt in order to get their businesses off the ground, one of the simplest ways to encounter financial trouble as a business owner is to take on too much debt. Loans and merchant cash advances ( MCA debt ) can be especially problematic during a stagnant economy. Here ...
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  • Business Loan Debt Reduced by $105k with QuarterSpot

    || 29-Nov-2016

    If you’d like to settle your business loans, you’ll be interested in reading about a recent client that reduced his debt by over 75% . Although these amazing results are not typical, it demonstrates an example where a financially distressed business owner achieved substantial relief through the diligent assistance of our debt negotiations team. At the Law Office of Simon Goldenberg, ...
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  • Resolving a Confession of Judgment in New York

    || 18-Nov-2016

    As of recently, our law firm has experienced an increase in the volume of requests for assistance with Confessions of Judgment entered in connection with defaulted business loans and merchant cash advance debts. A Confession of Judgment (“COJ”) is an affidavit in which a party admits liability and allows the lender to enter judgment upon the occurrence of a specific condition, such as ...
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  • Merchant Cash Advance Reduced By $92,000 (Bizfi)

    || 11-Nov-2016

    Merchant Cash Advance Default There are a variety of traditional vehicles for business financing, including; credit cards, lines of credit, and commercial loans. However, over the past few years, it has become increasingly popular for businesses to cover their capital needs by taking an advance against their anticipated credit card receivables, known as a Merchant Cash Advance, or MCA. In an MCA, ...
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  • Business Loan Settled With Can Capital for 82% Reduction

    || 24-Oct-2016

    In these days of financial uncertainty, our office is seeing an increase of inquiries from business owners that need help restructuring defaulted loans and merchant cash advances. All too often, the daily or weekly payments become overwhelming and can cause the business to be unable to purchase new inventory, meet payroll, and keep up with other financial commitments. Reducing Small Business Debt ...
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  • Business Loan Settled with OnDeck Capital for 15%

    || 18-Oct-2016

    If you’re overwhelmed with debt owed on business loans, it’s time to stop losing sleep and call our office to learn how we can help. As you'll see in this case highlight, our office will leave no stone unturned in working to get the best results possible for our client's. Defaulted Business Loan with OnDeck Capital, Inc. Our office was contacted by a distressed business owner ...
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  • Super Lawyers Honors Simon Goldenberg as a Rising Star in New York

    || 3-Oct-2016

    For the third consecutive year, Super Lawyers has selected Simon Goldenberg, Esq. to the New York Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. This award was conferred upon Mr. Goldenberg for his continuous achievements in the realm of consumer law and debt relief. The Law Office of ...
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  • Business Debt Settlement

    || 15-Aug-2016

    It’s no secret that to operate a small business, the owner needs access to money. Whether the business is a startup, in growth-mode, or is experiencing seasonal fluctuations, lack of capital can be a recipe for disaster. Business owners might seek financing through bank loans, SBA loans, lines-of-credit, credit cards, or even by taking a Merchant Cash Advance. Falling behind on business ...
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  • Reduce Merchant Cash Advance & Business Loans

    || 11-Jul-2016

    If you own a business, you probably already know that maintaining sufficient cashflow is critical. However, with seasonal fluctuations, competition, and other variables outside of your control, trying to maintain financially stability while operating a small business can be challenging. Money is needed for inventory, raw materials, supplies, and human resources, so taking a business loan or a ...
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  • New York City Debt Relief Lawyers

    || 7-Jul-2016

    If you’re looking for relief from your debts then you might already know how stressful the collection process can be. Regardless of whether you’re saddled with overwhelming credit card debts, business loans, or large student loan payments, you’ll want a seasoned attorney to help guide you to a fair resolution. At the Law Office of Simon Goldenberg, PLLC, we help New Yorkers get ...
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