Archive for August 2020
Small Businesses See Large Changes Under the SBRA
The SBRA, or the Small Business Reorganization Act, was recently enacted in February of 2020, and is used to help small businesses streamline the restructuring of their debts. As the coronavirus continues to plague our nation, many small businesses are suffering financially, leading them to file for bankruptcy and ultimately close their doors. At Grossbart,…
Read MoreIf Bankruptcy May Be in Your Future, Here Is How to Prepare
In this tumultuous time, financial strain for individuals and businesses is far too common. Whether you have been on the verge of filing bankruptcy for a while, or have recently suffered financially due to COVID-19, seeking professional counsel can help ease the burden and confusion that the bankruptcy process brings. Here, the Baltimore bankruptcy attorneys…
Read MoreHow to Navigate Bankruptcy If the Coronavirus Has Affected Your Business
In the midst of the novel coronavirus, many businesses have seen severe repercussions as it relates to business finances. From reducing the number of employees, having to take out additional loans, or ultimately considering closing their doors, businesses of all sizes are struggling to stay afloat as we continue in this pandemic. Here, the Maryland…
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