What You Should Know About Tenancy by The Entireties

When it comes to bankruptcy, especially Chapter 7, or liquidation bankruptcy, individuals may be required to liquidate important assets such as their home in order to repay debts to their creditors. During this time of the coronavirus pandemic, many individuals are suffering from additional financial strain, and seeking solace from creditors and extensions on their…

Read More

How Bankruptcy Affects Your Retirement Accounts

Bankruptcy and the affect on your retirement

When involved in personal bankruptcy, the feeling of knowing your assets may not be secure can cause anxiety. While many of us primarily think of our assets as material items including our home, car and personal belongings, one thing that is often overlooked is retirement accounts. While laws vary from state to state, there are…

Read More

The Ripple Effect of December Spending on Your Next Year

This year has been a tough one for all of us. As many of us had to pivot in our business and personal lives, or even lost our job, we are holding on tightly to any small glimmer of hope or excitement. As the holiday season rolls around, you may be thinking about what you…

Read More

How Do I Properly Prepare for Filing Bankruptcy?

Bankruptcy is never an easy process to go through. Making the decision to file for personal bankruptcy, especially during this time can feel overwhelming, and you may not know where to begin. Our team at Grossbart, Portney & Rosenberg, P.A. has extensive experience in helping our clients move through the bankruptcy process efficiently, ensuring that…

Read More

How the Automatic Stay Impacts the Bankruptcy Process

When it comes to the process of bankruptcy, many consumers can feel easily overwhelmed and concerned at how quickly their creditors are going to acquire their debts. However, the automatic stay process can help consumers gather their financial information together while their bankruptcy case is open. Here, the consumer and small business bankruptcy attorneys at…

Read More

COVID-19 and Virtual Bankruptcy Hearing Protocols

In the midst of the coronavirus pandemic, there have been many changes in daily business practices. These changes also apply to the court system. In many courts across Maryland, virtual hearings are still taking place to ensure that all parties can be included, without risking the safety of one another. While virtual hearings may not…

Read More

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 More

Does 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 More

Why 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 More

Does 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 More