Filing for bankruptcy can kick-start some protections.
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How Do Automatic Stays Work In Bankruptcy?
Many worry about losing their possessions, especially their car, if they file for bankruptcy.
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Bankruptcy: Chapter 7 Vs. 13
Atrium of the US Bankruptcy Court in Greenbelt MD
The COVID-19 pandemic, business closings, temporary lay offs, etc have placed many businesses and families in dire financial stress. Foreclosures, evictions, bank levies, wage garnishments are all very real possibilities which many are facing.
There may be relief. The Law Offices of John C. Hanrahan LLC concentrates on representing businesses and families in distress. With 35 years of bankruptcy law experience, we are very familiar with the procedure and requirements necessary to reorganize your business's debt, or to discharge and wipe out most of your family's obligations.
Call us tor a free, no-obligation, conference to review your financial situation and plot a course to meet your goals.
We can do in-person meetings, video-conferencing over Zoom, and even Facetime interviews if you prefer.
Call today; we can help.
301-620-4378
jchlaw@fred.net
www.hanrahanlawfirm.com
We can help.
Many of us are suffering financially due to the COVID-19 quarantine. Businesses are closed, paychecks have stopped, and the stimulus money isn’t enough to truly help. Savings are being spent on necessities, and many are borrowing from retirement accounts. Things appear bleak.
We can help. Call us today for a free no-obligation consultation to review your financial picture and see if bankruptcy might be a good solution. Call 301-620-4378.
We can help.
Good news for those considering bankruptcy during these difficult times. The funds which may be received in the amount of $1,200.00 for an individual ro $2,400.00 for a married couple are not being considered "income" for purposes of calculating average monthly income for the 6 months preceding filing (the "means test"). Further, the US Trustee's Office has indicated that in Chapter 7 liquidation cases it appears unlikely that trustees will seek to confiscate those funds if received just before or while in bankruptcy as the amount is relatively small.. Further, any attempt to pursue those funds by a trustee must first be approved by the US Trustee office (a division of the Dept of Justice) which again appears unlikely.
Please stay safe
We're here to help.
