Lender-Side Experience
Thomas Frank has represented lenders, servicers, and investment funds in court, so we know how creditors weigh offers and enforce.
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333 Glen Head Road, Old Brookville, NY
Falling behind isn't failing. Call 516-246-5577 and talk to a business debt relief lawyer on Long Island, NY who listens first.
Business Debt Attorney Long Island
Most owners call us after something specific happens: a frozen business account, a summons, a default notice, a payroll you couldn't cover. A business debt attorney on Long Island, NY can read what you signed, tell you where you stand, and talk to your creditors so you don't have to.
We handle business debt relief for owners across Nassau County and Suffolk County, from merchant cash advances and SBA loans to vendor suits and landlord claims. Some situations on Long Island call for business debt negotiation. Others need a defense first. We'll tell you which one you're in.
Small Business Debt Relief Long Island
The Frank Law Firm provided me with legal advice and guidance during a difficult situation. I came to them to review and explain a legal contract I had signed. Amanda was very knowledgeable and explained the document thoroughly. She was very reassuring, and honest in answering all my questions. I would highly recommend to anyone seeking legal representation to reach out to this firm.
Thomas Frank came highly recommended by an attorney I trust and represented me in a complex matter against a large business entity represented by a large NYC firm. He immediately grasped the nature and scope of my case and came up with a brilliant, linear strategy in short order. Just as swiftly, Thomas strategically executed on each step. I have worked with white glove law firms and have never found the level of consistency and professionalism that Thomas provided in his capacity of counsel. He literally made zero mistakes, even in the moments of game time decisions in the courtroom. Not only that, his creativity and judgement led to an outcome that exceeded my expectations, and, as a human being, he was an absolute pleasure to work with. I cannot recommend Thomas Frank highly enough!
We came to Frank Law Firm because our original attorney put us in a scenario where everything was mismanaged. Amanda quickly cleaned up our previous attorneys mess and put us back on track. From day one they were very transparent about their process and fees. They provided fantastic guidance for us as new home owners. The team was highly responsive and often took time to ensure we fully understood potential outcomes and next steps. Overall we would work with them again and recommend to friends.
Amanda was a pleasure to work with!!! Selling and buying a home at the same time is very stressful too begin with and my experience was very difficult and stressful to say the least. Amanda was so patient, always available, and very knowledgeable to every question and concern that I had. I was truly blessed to have her represent me with both of my transactions. I would definitely recommend The Frank Law Firm to anyone that is looking for the best lawyers out there!!!
Amanda was extremely attentive and followed up on everything promptly. The law firm was professional and courteous and I highly recommend it.
Top of the line customer service. Helped me get my moving violation dismissed and I didn't have to do anything ! Was certain I would get in some trouble but was completely shocked when I received the news that it was completely dismissed. In the past with other law firms I paid a lot of money to only get the penalty months later. The Frank Law Firm dealt with my situation in the most kind and professional way. Very nice people.
Top of the line customer service. Helped me get my moving violation dismissed and I didn't have to do anything ! Was certain I would get in some trouble but was completely shocked when I received the news that it was completely dismissed. In the past with other law firms I paid a lot of money to only get the penalty months later. The Frank Law Firm dealt with my situation in the most kind and professional way. Very nice people.
Thomas Frank was a pleasure to work with. The experience was nothing but a professional one. Mr. Frank guided me through the whole process of Chapter 7 bankruptcy. He was always available to reach by email or texting at any time that I contacted him. He never failed to get back to me within hours. I highly recommend Mr. Frank for all of your legal issues. Also, you'll find their price for their legal services to be more than fair. Again, a great big thank you to a professional and knowledgeable team.
I needed an attorney quick fast and in a hurry. My girlfriend recommended this firm. I called and Amanda got back to me quickly. She researched my issue and gave me good guidance. She is a former prosecutor but able to explain convoluted legal concepts in a very straight forward way. We didn't wind up retaining the firm due to the time contraints of our case, but I know we will be working with them in the future. Give them a call, I think you will like what you hear.
I would like to thank Thomas in handling my first time home buying experience with his law firm. He was very polite and very professional. He even took the time to explain to me page by page about some documents I received from the seller, which by the way it was on his spare time to answer all of my concerns about those documents. He responded on every email and text that I had questions and concerns and I got answers. Thomas made himself accessible and told me if I have any other closing related issues pertaining any documents to give him a call. Thank you once again on doing a great job. I would highly recommend Thomas Frank and his law firm.
I retained Frank Law Firm when I received a warrant for an unpaid ticket. Not knowing the severity of this issue, I called and consulted Amanda. Before giving me any direction, she took the time to make some calls and figure out what exactly was going on. She then guided me through the process. She was very comforting and explained everything in a manor that I understood. I would like to send a sincere thank you to her and Frank Law Firm. The amount of attention and guidance I received was refreshing. I would recommend them to anyone!
The Frank Law firm has helped me and my family tremendously. Amanda has been nothing but a blessing with her vast knowledge and resources, Me and My family were very satisfied with their service. Would definitely recommended them.
I'm a real estate investor in NY and I honestly could not ask to partner up with any firm better than the incredible people at Frank Law Firm. There passion, love and dedication for what they do is evident. I can't thank them enough for everything they have helped me with so far and we are only going to grow from here...
Business Debt Negotiation Long Island
Early in his career, Thomas Frank worked at a boutique bankruptcy firm in Syosset. He later represented lenders, mortgage servicers, and investment funds in New York and Florida courts, and he has represented debtors, creditors, and trustees too. In other words, we've sat on the other side of the table.
When we handle business debt negotiation for a Long Island, NY owner, we know what the lender is looking at: how much it can realistically collect, how long a fight would take, and what it would face if you filed. We use that to push for terms you can live with, and we tell you plainly when an offer is worth taking.
Commercial Debt Lawyer Long Island
Here's what you walk away with: a review of every agreement tied to the debt—the loan or advance, the personal guarantee, any UCC filing, any confession of judgment. A plain-English picture of what the company owes and what you owe personally. A response to any lawsuit from a business creditor defense lawyer on Long Island, NY who can appear in court.
Then we build a plan as your business debt restructuring attorney on Long Island, whether that means negotiation, new payment terms, or a restructuring that keeps the doors open. Many Long Island owners find the squeeze hits in the off-season, when restaurants, landscapers, and marine businesses on the East End and South Shore fall behind. We plan around your calendar, not just your balance.
Debt Settlement Attorney Long Island
Have a question about your situation? Start with a conversation.
Ask our teamA business debt relief lawyer on Long Island, NY starts by reading what you actually signed, then works out which parts of the debt belong to the company and which belong to you personally. From there we negotiate with creditors, defend any lawsuit, set up payment terms, or restructure the debt so the business can keep operating. Sometimes the right answer is a settlement. Sometimes it's a defense. Occasionally it's bankruptcy. We tell you which one fits before you commit to anything, and we're upfront about fees, so ask us about them on your first call.
Not automatically, but in practice it's common. An LLC or corporation protects you from the company's debts only when you haven't promised to pay them yourself. Many small-business loans, merchant cash advances, and commercial leases ask the owner to sign a personal guarantee, and that signature can put your savings and even your home within a lender's reach. On Long Island, NY, where small businesses make up roughly 90% of registered companies and most are owner-operated, we see this constantly. We read the guarantee, check how it's worded, and look at what defenses may apply, so you know your actual exposure.
It may be able to if you signed a confession of judgment. A COJ lets a lender enter a judgment against you without a lawsuit or a hearing, and once a judgment exists, it can go after your bank accounts. New York barred COJs against out-of-state borrowers in 2019, but a New York business can still sign one, so Nassau and Suffolk owners remain exposed. Bloomberg Businessweek reported more than 25,000 such judgments in New York between 2012 and 2018, obtained by cash advance companies. If your account is frozen, call quickly. There may be grounds to challenge the judgment or the agreement behind it, but we can't say until we've read it.
Often it makes sense to look at negotiation first, though it depends on your numbers. Creditors usually know that a bankruptcy or a drawn-out lawsuit may leave them with less than a deal would, and that's the leverage a business debt settlement attorney on Long Island, NY works with. Before we pick a path, we look at what you owe, what you've personally guaranteed, what assets are exposed, and whether the business can keep operating. If negotiation or restructuring can work, we pursue it. If it can't, we say so, and if bankruptcy is the right move, we handle that too. No result is guaranteed, and anyone who promises a number before reading your contracts is guessing.
A settlement company negotiates on your behalf for a fee. Many of the companies at the top of "best business debt settlement" lists say plainly that they aren't law firms. A business debt attorney on Long Island, NY is licensed in New York, can give you legal advice about your contracts, can answer a lawsuit, and can stand up in court if a creditor files one. That matters the day a summons arrives, because a settlement company can't respond to it for you. Be cautious about any promise to cut your debt by a set percentage before anyone has read your agreements.
Don't ignore it, and call a lawyer quickly. A summons comes with a deadline, and if nobody responds, the creditor can ask the court for a default judgment, which makes everything harder. In the meantime, try not to take out a new cash advance to cover an old one, don't move assets around, and gather every contract, notice, and bank statement tied to the debt. Whether the case is in a Nassau County or Suffolk County court, the first step is the same: we look at the complaint, confirm the deadline, and decide on a response. You'll know what's happening before the clock runs out.