Barry A. Solodky, Esq. focuses his practice in Bankruptcy and Financial Restructuring and is also a member of the firm’s Business, Corporate and Tax and Real Estate Groups. He brings four decades of experience in all aspects of debt settlement and bankruptcy law. Barry has a reputation for providing timely and practical advice to protect his clients’ interests, preserve value, minimize risk of loss and maximize recovery.
In his practice, Barry assists those facing financial issues by providing evaluations and alternative solutions for bankruptcy such as workouts with creditors, negotiating payment terms and strategies for asset protection. When warranted, he can also assist with business liquidations or make recommendations for other strategic alternatives such as a merger, acquisition or other corporate transaction.
For businesses affected by COVID-19, Barry and the Saxton & Stump team can provide guidance and support regarding Coronavirus Aid, Relief and Economic Security (CARES) Act loans and tax credit eligibility for employers, Paycheck Protection Program (PPP) loans as well as health plans, retirement plans and nonqualified/deferred compensation plans.
Barry also represents secured and non-secured creditors, businesses, vendors, suppliers, bankruptcy trustees, purchasers of assets and individual creditors on small and large claims. He can assist those dealing with debtors or customers with payment issues by providing guidance on how to best apply payments, handle reclamation rights and executory contacts and unexpired leases. He can also assist with preference payment claims by defending preference actions.