Archive for the ‘Bankruptcy and Debt Restructuring’ Category

Leadership Luncheon Virtual Event: What to Know About Bankruptcy for Businesses

access_time Posted on: July 28th, 2020

Join CGA and YCEA for a Virtual Leadership Luncheon on Thursday, August 6 at 1 p.m. CGA Law Firm’s experienced bankruptcy attorneys, Haley Rohrbaugh, Brent Diefenderfer, and Larry Young, will provide an overview on bankruptcy law and procedures for a business considering a filing.  You can register to receive an email with a link to join the webinar by clicking HERE, but registration is not required. For privacy, attendees can join this presentation and ask questions anonymously. Join the webinar on August 6th at 1 pm. Brent C. Diefenderfer is a shareholder with CGA Law Firm.  Brent is a board certified Consumer Bankruptcy Specialist by the American… read more »

COVID-19 Update: Executive Order Extending Eviction and Foreclosure Protections

access_time Posted on: July 10th, 2020

Yesterday, Governor Wolf signed a new executive order extending eviction and foreclosure protections for homeowners and renters through August 31, 2020. The executive order must be read carefully because it does not provide protection in all cases. The Governor’s executive order precludes the initiation of new mortgage foreclosure action – however, it does not protect homes which had already been scheduled for sheriff sale or if the lender has already commenced the mortgage foreclosure process. Evictions are suspended for non-payment of rent or for “holding over” after the term of the lease has expired – but evictions for violations of other… read more »

Attorney Larry Young Ranked a 2020 Best of the Best Attorney in America

access_time Posted on: June 22nd, 2020

CGA is proud to announce that Attorney Larry Young was ranked a 2020 Best of the Best Attorney in America! The American Registry’s ranking indicates that Larry is in the Top 1% of all attorneys awarded in America. 2020 is the inaugural year for the American Registry’s Best of the Best ranking. The American Registry catalogs the accolades of attorneys throughout the country. These ratings and awards are conferred by trusted professional organizations, judiciary, peers, clients, and the media. Larry Young ranked in the Top 1% of all attorneys awarded in America. Congratulations, Larry, for your 2020 recognition as a Best of… read more »

Voted “BEST LAW FIRM” in York County 2020!

access_time Posted on: May 29th, 2020

CGA Law Firm voted Best Law Firm in York County 2020 All of us at CGA Law Firm sincerely appreciate the residents of York County voting us “Best Law Firm” for 2020. The confidence you demonstrate each year with your overwhelming votes continues to warm our hearts and inspire us to do our very best. Our team of approximately 70 professionals offers depth of experience, passion and skill. Although CGA is based in York, the Firm serves clients throughout South Central PA, often as a more convenient and cost effectivealternative to “big city” firms. When you hire a CGA attorney, you… read more »

COVID-19 Update: The CARES Act and Bankruptcy

access_time Posted on: April 2nd, 2020

COVID-19 Update: The CARES Act and Bankruptcy Last month, March of 2020, The CARES Act was passed in light of the impacts of COVID-19. Specifically, there were changes affecting  Bankruptcies – both current and prospective cases. The CARES Act (the “Act”) excludes Coronavirus related payments from the definition of disposable income and the Bankruptcy Estate, i.e. the government stimulus check. Receiving the stimulus check within 6-months of filing a Chapter 7 Bankruptcy will therefore not disqualify a Debtor from filing a Bankruptcy under Chapter 7. While the Act does not explicitly state this applies to Chapter 13, most Trustees, even… read more »

CGA Bankruptcy Chair, Lawrence V. Young, Esq. Offers Free Telephone Consultations to Public

access_time Posted on: March 30th, 2020

No charge, no obligation conversation In the face of business shut downs and layoffs, many are left wondering how they are going to pay their bills and make ends meet. Small businesses and individuals are left with questions about their specific financial circumstances and what the future holds. Free Telephone ConsultationsOn Tuesday, March 31, 2020 from 8:30 to 11:30am, CGA Law Firm is offering a chance to have those questions answered at no charge. Attorney Lawrence Young will make himself available as a public service for a no charge, no obligation conversation to discuss each caller’s most pressing concerns. Larry is not only… read more »

Honoring American Veterans in Extreme Need Act of 2019

access_time Posted on: March 26th, 2020

Haven Act of 2019 In August of 2019, Congress rewarded our Veterans for their service by approving the “Honoring American Veterans in Extreme Need Act of 2019”, aka the “HAVEN Act”. The purpose of the Act is to exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense. The Act modified the definition of “Current Monthly Income” under the Bankruptcy Code to exclude VA benefits, in general.  What does this mean for our clients? In Bankruptcy, there are certain factors considered for whether our individual, consumer clients qualify for… read more »

CGA Bankruptcy Chair, Lawrence V. Young, Esq. Offers Free Telephone Consultations to Public

access_time Posted on: March 25th, 2020

CGA Bankruptcy Chair, Lawrence V. Young, Esq. Offers Free Telephone Consultations to Public In the face of business shut downs and layoffs, many are left wondering how they are going to pay their bills and make ends meet. Small businesses and individuals are left with questions about their specific financial circumstances and what the future holds. Free Telephone ConsultationsOn Tuesday, March 31, 2020 from 8:30 to 11:30am, CGA Law Firm is offering a chance to have those questions answered at no charge. Attorney Lawrence Young will make himself available as a public service for a no charge, no obligation conversation to discuss… read more »

COVID-19 Update: Facing a Lack of Cash Flow

access_time Posted on: March 24th, 2020

COVID-19 Update: Facing a Lack of Cash Flow As the Chair of the CGA Bankruptcy Department, I am already getting calls from individuals and small businesses about how to handle the lack of cash flow. Businesses have been forced to close, and those that are open are doing less business. Individuals have been told to go home, and unemployment benefits (if you are eligible to receive them) are not the same as your regular paycheck.  The question I am being asked is “what do I do now?”  The easy answer is to take care of yourself and your family, and stay away from… read more »

How Bankruptcy Actually Improves Your Credit

access_time Posted on: June 3rd, 2019

Article by: Haley Rohrbaugh, Esquire A common misconception about Consumer Bankruptcy is that it devastates your credit. When I meet with potential clients for an initial consultation, most are surprised to find that a Bankruptcy filing will actually improve their credit score. Credit limit usage. Using more than 50% of allowed credit limits will negatively affect a consumer’s credit score. (For example, a credit card with a $1,000.00 credit limit holding a balance due of $500+ will cause credit scores to decrease); and Debt-to-income ratio. Having high levels of debt compared to household income will also decrease credit scores. However,… read more »