Blog2020-04-22T22:57:06+00:00

LATEST ARTICLES

Small Business Owners:  Don’t Freak Out

May 1st, 2020|

Small Business Owners: Don’t Freak Out As the Covid pandemic continues to upend our lives, I have received calls from several small business owners – restaurants, retail stores, small manufacturers and the like – wondering how they are going to salvage their businesses when society is ready to reopen. My first response: Don’t Panic; Don’t Freak Out. When you are ready to re-open, if you are way behind in paying your debts, you can seek bankruptcy relief under the Small Business Reorganization Act. Important points about the ACT: Allows business to reopen and continue operations. Applies to small businesses with debts of less than $7.5 million. Allows business to reorganize, reduce, re-amortize or eliminate debt. Extends tax debt repayment over a 5-year period. Allows business to get out of unaffordable contracts and leases. If you want to learn more about a Small Business Reorganization, give me a call or send me an email. I don’t charge for an initial consult. Keep fighting! David B. Madoff MADOFF & KHOURY LLPFoxboro, MA 508-543-0040madoff@mandkllp.comwww.madoffkhoury.com

HOPE FOR YOUR SMALL BUSINESS

April 22nd, 2020|

“If I knew the way, I would take you home” – Hunter and Garcia This is a tough time to get answers. Lots of people think they have them, but the smartest people are the ones who tell us they don’t. Our fearless leader sure doesn’t have them. But, the fact that he insists he does speaks volumes. Especially when his right answer from today is the opposite of his right answer from yesterday. We’re all begging to follow some kind of lead to get us home, even if it were just a Rooseveltian: “The Buck Stops Here,” instead of the now-fashionable passing of the buck. I do wish that Jerry were here to give us some wisdom and direction. But, I digress. My name is David Madoff, and this is my first blog. I don’t profess to have all the answers, and am looking for some direction just as much as the next guy. Where I do think I can lend a hand, though, is in helping you think about how you’ll be able to resurrect your small business. I am a bankruptcy [...]

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508.543.0040

EMAIL

MADOFF@MANDKLLP.COM

ADDRESS

124 WASHINGTON ST, FOXBORO, MA 02035

OFFICE LINE

508.543.0040

EMAIL

MADOFF@MANDKLLP.COM

ADDRESS

124 WASHINGTON ST, FOXBORO, MA 02035