Michelle Labayen has been featured in an article on CNBC discussing Newark.
From the article:
“Bankruptcy claims have decreased,” said Michelle Labayen, a bankruptcy lawyer operating in Newark, “because a lot of the businesses are not even doing a filing and they are just closing the doors…they are not necessarily aware of their rights.”
Labayen noted that many of the small businesses that close in the city were unable to obtain loans or hard cash lending due to aggressive lenders “choke-holding the business” and high filing fees. The largest trend of closures has occurred with independent doctors who cannot afford to keep their practices open.
Read the entire article here: http://www.cnbc.com/id/102646654