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The Frank Law Firm P.C. Call 516-246-5577

Long Island Chapter 11 Bankruptcy Attorney

You Built This Business. Let's Protect It.

Talk to a Chapter 11 bankruptcy attorney on Long Island, NY who listens first, then lays out realistic options for your business.

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THE FRANK LAW FIRM, P.C.

Your next chapter.
Our personal attention.

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What Sets Our Firm Apart

Every Side of the Table

Thomas Frank has represented debtors, creditors and trustees, so we know how lenders weigh a plan before you propose it.

Real Nassau County Office

Our Old Brookville office at 333 Glen Head Road means you meet your attorney in person, not an intake team.

Litigation Ready From Day One

Chapter 11 often turns into lien fights and lender disputes. As a commercial litigation firm, we handle those head on.

Direct Access to Your Attorney

Clients reach us by email or text and often hear back within hours, so you never guess where things stand.

Long Island Chapter 11 Reorganization

Keep Operating While You Restructure Your Debt

Chapter 11 is the bankruptcy chapter built for businesses that still have something worth saving. Owners of restaurants, contracting companies, medical practices, trucking firms and real estate holding entities across Long Island—from Glen Cove and Jericho to Hauppauge and Islip—use it to restructure debt while staying open. In most cases you stay in charge as the debtor in possession, and the automatic stay pauses lawsuits and most collection once you file.

We work as your Chapter 11 bankruptcy attorney on Long Island, NY, serving businesses along the Long Island Expressway and Jericho Turnpike. We help you decide whether reorganizing makes sense, what it would look like, and what else is on the table.

A document labeled "SBA loan" on a desk next to a fountain pen, stacked notebooks, and a calculator.
Talk through your options

Business Bankruptcy Attorney Long Island

What Changes Once Your Case Is Filed

The pressure doesn't vanish overnight, but a Chapter 11 reorganization gives you room to negotiate instead of react.
Lawsuits, collection calls and many creditor actions pause, so you can think clearly about next steps instead of reacting.
You keep running the business day to day while a plan is built around your real cash flow.
A commercial foreclosure sale can be paused, giving you time to restructure the mortgage or sell on your terms.
Burdensome leases and contracts can be rejected, so you stop paying for space and agreements the business can't carry.
You learn early how your personal guarantees fit in, so there are no surprises when the bank comes calling.
You get an honest answer on whether Chapter 11, Chapter 7, a workout or a sale fits your situation best.

IN OUR CLIENTS’ WORDS

Our Client
Testimonials

More client testimonials ↗
1 / 13
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.
Alyssa S

Chapter 11 Bankruptcy Long Island Process

Your First 30 Days, Laid Out Plainly

  1. Free Call and Honest Review
    You tell us what's happening with your lenders, landlord and cash flow. We tell you straight whether Chapter 11 fits.
  2. Review Numbers and Build Strategy
    We go through financials, loans and lawsuits, then define an exit strategy before anything is filed.
  3. File and Pause the Pressure
    We file in Central Islip, the automatic stay takes hold, and we work toward a plan the court can confirm.
A CONVERSATION IS A START

Let’s talk about
what comes next.

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A LITTLE CLARITY

Frequently asked
questions.

Have a question about your situation? Start with a conversation.

Ask our team
What does a Chapter 11 bankruptcy attorney do for a Long Island business?

We start by finding out whether your business can actually be saved, because that decides everything else. From there, we review your financials, loan documents, leases and lawsuits, build the restructuring plan, file the case in the Eastern District of New York and negotiate with lenders, landlords and vendors. When a creditor challenges something, we handle the dispute in court. We'll also tell you plainly when another route—like Chapter 7, an out-of-court workout or selling the business—makes more sense for your Long Island situation.

How much does it cost to file Chapter 11 in New York?

The court charges a $1,738 filing fee for a Chapter 11 case, made up of a $1,167 filing fee and a $571 administrative fee. Attorney fees depend on how large and contested your case is, and in Chapter 11 those fees are subject to review and approval by the bankruptcy court. Subchapter V filers pay the same filing fee but avoid the quarterly U.S. Trustee fees that larger cases pay. Your first consultation with us is free, and we explain how our fees work before you decide anything, so there are no surprises when you hire a Chapter 11 bankruptcy lawyer on Long Island, NY.

What is Subchapter V, and does my Long Island business qualify?

Subchapter V is a streamlined version of Chapter 11 designed for smaller businesses. You file a simplified plan within 90 days, only you can propose it, and the court can confirm it over creditor objections if certain conditions are met. At least half your debt must come from business activity. Individuals and sole proprietors can qualify, but single-asset real estate entities and public companies cannot. The debt limit has changed several times in recent years, so we confirm exactly where you stand on the day you file. Long Island owners carrying SBA, equipment and lease debt may be worth checking.

Will I lose my home if I personally guaranteed my business loans?

Not automatically, and this is where Long Island owners get blindsided. A personal guarantee is a separate promise between you and the lender, so reorganizing the company doesn't erase it. Many business owners guarantee commercial mortgages or business loans, which means the bank may still come after you personally. That's why a Chapter 11 attorney should look at your guarantee exposure from the first meeting and plan around it, rather than treating the business and your household as two separate problems. Whether your home is at risk depends on your loans and circumstances, and we'll give you a straight answer once we've seen the documents.

Can Chapter 11 stop a commercial foreclosure or lawsuit against my business?

Often, yes, but only once the case is filed. The automatic stay takes effect the moment you file and pauses most lawsuits, collection efforts and foreclosure sales, including on commercial property. It isn't a permanent shield, and a creditor can ask the court to lift it. Foreclosure defense and creditor-side work are part of our practice, so we pay close attention to sale dates. If you're a Nassau County or Suffolk County owner with an auction or levy on the calendar, talk with a business bankruptcy attorney as early as you can, because waiting for the bank to act leaves you fewer options.

How do I know if Chapter 11 is right or another option fits better?

Chapter 11 isn't always the answer, and we'll tell you if it isn't. It works best when the business has income or assets worth saving and creditors have a reason to cooperate. If high costs on Long Island—from rent and payroll to insurance and utilities—have pushed you past what a loan modification or an out-of-court workout can fix, reorganization may be the right move. If the business can't be saved, Chapter 7 or a sale may be cleaner. We review the numbers first, then give you an honest recommendation, even when that means you don't need a Chapter 11 reorganization at all.

LET’S MOVE FORWARD

A clearer next step
starts with a conversation.