Posts Tagged ‘bankruptcy’

This seminar will address the basics of the somewhat new Subchapter V Bankruptcy available as a result of the Small Business Reorganization Act. Attorneys Larry Young and Haley Rohrbaugh of CGA Law Firm will be discussing this new subchapter of the more familiar and widely used Chapter 11 Business Reorganization provisions of the Bankruptcy Code. The new subchapter V process gives small businesses the opportunity to reorganize and gain a fresh start, as the process is much easier and less expensive for small businesses to restructure debt and reorganize without having to close the doors. If your customers may use… read more »

CGA Law Firm is proud to have award-winning lawyers and practice groups. Best Lawyers®, “The First and Foremost Resource for the Best Legal Talent Worldwide”, releases annual rankings on practicing attorneys around the world. CGA Law Firm, based in York, PA, is eligible for ranking under the Harrisburg Metropolitan Area and York, PA. All Tier Report “Best Law Firms” (2022 Edition), Metropolitan Tier 1 Harrisburg, for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Current Recognized Lawyers The Best Lawyers in America (2022 Edition), Attorney Larry Young (2018), for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization… read more »

Join York County Economic Alliance and CGA Law Firm for a Leadership Webinar on bankruptcy. CGA Law Firm’s experienced Bankruptcy Attorneys Larry Young and Brent Diefenderfer provide an overview on bankruptcy law and procedures for a business or an individual considering a filing. Please follow the link below to access the webinar on Business Bankruptcy. Please follow the link below to access the webinar on Personal Bankruptcy. To learn more about Bankruptcy and Debt Restructuring, visit our website. AttorneyBrent C. Diefenderfer is a shareholder with CGA Law Firm.  Brent is a board certified Consumer Bankruptcy Specialist by the American Board of Certification and is one of only… read more »

Join the York County Economic Alliance and CGA Law Firm for a Virtual Leadership Luncheon on Thursday, August 6 at 2 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 to consider for filing for personal bankruptcy.  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. CLICK HERE to join the webinar at 2 p.m. on August 6. Brent C. Diefenderfer is a shareholder with CGA… read more »

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: 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 »

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 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 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 »

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 »