COVID-19
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 MoreCOVID-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 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 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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