Sagaponack is a village in the town of Southampton in Suffolk County, New York, United States. The village incorporated on September 2, 2005, in the wake of the failed attempt by Dunehampton, New York to incorporate. Dunehampton's incorporation would have blocked Sagaponack from Atlantic Ocean beaches. The villages are seeking to address various beach issues including erosion arising from groynes at Georgica Pond in East Hampton village. Sagaponack, prior to its incorporation, was a census-designated place. The census 2000 population of Sagaponack CDP was 582. The Sagaponack ZIP Code (11962), was listed as the most expensive small town in the United States in 2009; the median home sale price $4,421,458, according to Zillow. com. Nearby Watermill, New York (11976) was #6 with $2,238,676, and Bridgehampton, New York (11932) was listed as #8 with $2,081,717. The name Sagaponack comes from the Shinnecock Indian Nation for "land of the big ground nuts. " The big ground nuts were actually potatoes. Potato farming continued until late in the 20th century and many of the huge estates in the village were built on potato fields. Its first settler was Josiah Stanborough in 1656. The village was originally called Sagg. Sag Harbor, just north of Sagaponack, is believed to have derived its name from the village. Another village further west was called Mecox. A village that formed a "bridge" between the two was called Bridgehampton, New York.

Business Bankruptcy Law Lawyers In Sagaponack New York

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What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in New York

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. § 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...