The COVID-19 pandemic has hit businesses hard. Many businesses are facing devastating revenue drops while expenses like rent and bank debt continue to mount. While some businesses may find landlords, banks, and other creditors willing to work with them, others are not so fortunate. For these businesses, it may be necessary to consider reorganizing under federal bankruptcy protection. But what options are available for small businesses, and what exactly does filing for bankruptcy entail? Can filing for bankruptcy save my small business?
About the Interview
In this episode of Hilary Topper on Air, Hilary speaks with Paul Aloe, named Partner at Kudman Trachten Aloe Posner LLP – a commercial law firm representing businesses and business owners, government entities, executives, and professionals in a wide variety of matters, including commercial bankruptcy. Paul discusses how bankruptcy, specifically Subchapter V, might be a lifeline for many small businesses trying to recover from the COVID-19 pandemic.
About Paul H. Aloe
Paul has been practicing for over 30 years in the areas of commercial litigation and trial practice, corporate bankruptcy and restructuring, land use, planning and zoning, legal and professional ethics, and constitutional law.
Paul has written extensively in the area of New York practice, having authored the New York Civil Practice Review for the Syracuse Law Review for 20 years, serves on the editorial board of Weinstein-Korn-Miller New York Civil Practice, and chaired the Civil Practice New York State Bar Association Committee on Civil Practice Law and Rules from 1992 to 1999. He continues to be active in crafting legislation affecting New York practice.
He handles a wide variety of litigation in both state and federal court, with a focus on commercial cases, and takes on many difficult litigation problems that at first blush may seem impossible to solve. While Paul has no hesitancy to take a case to trial or pursue an appeal, he also recognizes that cost is often a significant factor in litigation and, where possible, maps out a strategy for prompt and efficient resolution of cases either through motion practice or negotiation.
Paul is also a trained mediator and serves on the mediation panel for the United States Bankruptcy Court for the Eastern District of New York.
A significant portion of his practice is focused on bankruptcy and corporate restructuring law, with a particular focus on the successful restructuring of closely held businesses. In addition, Mr. Aloe has handled groundbreaking cases concerning bankruptcy law dealing with cutting-edge bankruptcy issues in numerous appellate courts. His practice also focuses on difficult bankruptcy litigations.
Paul is an active marathoner and triathlete. He has completed more than 40 marathons including the past 27 New York City Marathons, and six Ironman® triathlons and is a top-ranked “All World Athlete”. Mr. Aloe was selected as a SuperLawyer® by his peers, for 2007 through 2017. He is a Martindale-Hubbell® AV-rated lawyer-the highest peer rating available.
Contact Kudman Trachten Aloe Posner LLP
To contact Paul or for more information about Kudman Trachten Aloe Posner LLP, call 212-868-1010 or visit www.kudmanlaw.com.