Posts by zestsms
What Happens to Your Business When You File for Personal Bankruptcy?
If you are in the midst of filing for personal bankruptcy, it can easily feel overwhelming. You are struggling to pay back your own debts, and in turn, are unable to achieve financial freedom. But what happens when you are a small business owner? How does your personal bankruptcy filing affect your business’ finances? Here,…
Read MoreDoes Federal Law Already Allow Digital Signatures for Bankruptcy Petitions?
In the age of technology, digitalization of documents has become far more common. In the financial and legal realm, many organizations have made use of electronic document submission to expedite the process for both businesses and clients. But, when it comes to bankruptcy petitions, are digital signatures allowed? Here, the Maryland individual and small business…
Read MoreWhy You Should Hire a Bankruptcy Attorney
If you have been struggling financially, it is easy to become overwhelmed when working to get back on your feet. If your financial situation has become unmanageable, it is vital to consider enlisting the help of a bankruptcy attorney to help you consolidate your finances and create a strategy for future success. Furthermore, enlisting the…
Read MoreDoes Your Credit Score Still Matter After Filing for Bankruptcy?
When navigating bankruptcy, it is understandable that one of your top considerations is how to alleviate your debt, fast. But, have you considered how your previous bankruptcy will affect your future? Various considerations, including your credit score, should be thoroughly researched when in the midst of the bankruptcy process to ensure that you are able…
Read MoreSmall 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…
Read MoreHow the CARES Act Is Impacting Consumers in Bankruptcy
The CARES Act, or the Coronavirus Aid, Relief, and Economic Security Act, was passed on March 27, 2020 to provide assistance to those affected by the novel coronavirus. This act provides economic assistance for families, American workers and small businesses, as well as preserves jobs in many American industries. However, with the passing of this…
Read MoreUnderstanding the Difference Between Chapter 7, Chapter 11 and Chapter 13 Bankruptcy
If you are in a time of severe financial strain, as many of us are during the coronavirus pandemic, you may feel overwhelmed with knowing how to move forward to stay afloat. While filing for bankruptcy is a very serious action, it may be the best choice to give you needed relief and help you…
Read MoreAn Overview of the COVID-19 Pandemic and Filing for Bankruptcy
During this unprecedented time of the coronavirus pandemic, many individuals and businesses are feeling the financial burden of reduced revenue. As we adhere to social distancing and heightened safety protocols, both individuals and businesses are seeing the drastic effects of this pandemic on their income. Here, the qualified bankruptcy attorneys at Grossbart, Portney & Rosenberg,…
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