07 May

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Chapter 11 Bankruptcy for Businesses: A Strategic Move for Financial Recovery

In the challenging landscape of business, facing financial distress can seem like a daunting hurdle. However, Chapter 11 bankruptcy emerges as a strategic solution for businesses aiming for a turnaround. The Law Office of Rowena N. Nelson, LLC, stands ready to guide businesses through this complex process, ensuring a structured approach to financial recovery. Understanding Chapter 11 Bankruptcy Chapter 11 bankruptcy, often referred to as reorganization bankruptcy, allows businesses to continue operations while restructuring their debts. This form of bankruptcy is designed to help businesses restructure their financial obligations, potentially reducing debt and renegotiating terms with creditors. It's a viable option for...

23 April

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Bankruptcy Attorney: Your Guide to a Fresh Financial Start

Posted by Gene Kirzhner

in Bankruptcy Law

In the complex web of life's challenges, having a dedicated family law attorney by your side is not just an option but a necessity for safeguarding your family's future. The Law Office of Rowena N. Nelson, LLC, provides comprehensive family law services that cater to the unique needs of families in Largo, Upper Marlboro, Oxon Hills, Fort Washington, Clinton, and the surrounding Maryland communities. This post explores the critical role of family law attorneys in ensuring your family's well-being and legal security. Navigating Legal Challenges with Compassion and Competence Family law encompasses a broad spectrum of legal matters, from divorce and child...

28 September

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I Can’t Afford My Current Wage Garnishment

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in Bankruptcy Law

There are certain debts that can be trouble if they go unpaid, such as child support, alimony, back taxes, or student loans. In fact, failure to pay such debts could lead to wage garnishment, which allows a creditor to take a portion of your wages or retirement payments to cover the debt. Unpaid medical bills and credit card debt can also lead to wage garnishment. But what happens if you can’t afford the garnishment amount? Should I Try to Fight Garnishment? A good garnishment attorney can help you if a creditor is taking too much of your salary, leaving you unable to cover...

31 August

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I Am Facing Foreclosure—What Should I Do?

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in Bankruptcy Law

If you’ve fallen behind on your mortgage payments, the threat of foreclosure can be a terrifying thing that keeps you up at night worrying that you may lose the roof over your head. The thought of losing your home—in some cases a cherished family heirloom that has seen generations grow up inside its walls—can be especially devastating. There are options available to stop a foreclosure and talking to a foreclosure attorney to help you determine if you are able to save your home is a great first step. Banks May Help If You’re Behind Right now, many mortgage holders are willing to work...

16 March

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Bankruptcy Attorney Can Assist When No Other Option Makes Sense

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in Bankruptcy Law

There are times—especially now, as COVID-19 outbreaks and their variants continue to ravage the nation—that cause businesses to close, work to slow, cost of living prices to rise, and bills to pile up. Financial problems mount and become so bad is feels as if they might swallow you up. While many companies are doing their best to work with customers in order to help them stay above water, tanking financial stability can be a difficult situation from which to overcome. Contacting the right bankruptcy attorney, such as the lawyers at Rowena N. Nelson LLC, can help guide you through financial problems,...

22 January

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Choosing the Right Attorney for Business Bankruptcy Chapter 13 Maryland

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in Bankruptcy Law

Chapter 13 bankruptcy lawyer Maryland, chapter 13 bankruptcy Maryland

Facing a business crisis due to mismanagement of funds is an extremely devastating situation. However, losing all hopes in the wake of such a scenario should be the last thing on your mind because there are legal options available to deal with such situations. ...

15 December

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Get Legal Assistance to Overcome Debt

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in affordable bankruptcy lawyer in MD, Bankruptcy Law

Bankruptcy gets rid of financial distress when all other alternatives fail. You could well be in the same boat. If you want to make a new start, getting to know the differences between Chapter 7 and Chapter 13 is the best approach. Chapter 7 by far is the most popular because the process is quicker and cheaper. Yet, Chapter 13 can be a good option for you because it offers certain advantages that Chapter 7 does not, such as you can retain your house by preventing foreclosure. So if you are concerned about your house, go for Chapter 13. But you need to prove you...

14 September

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Frequently Asked Questions on Bankruptcy Chapters 7 and 13

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in Bankruptcy Law, chapter 13 bankruptcy maryland

chapter 13 bankruptcy in Maryland | chapter 7 bankruptcy in Maryland

Imagine you have a magic genie. You make a wish, “let all my debts vanish.” The genie obeys your command. You are debt-free! Well, life isn’t always a fairy tale. And when it isn’t, there are bankruptcy lawyers to help you come out of the debt trap. It is not easy to file for bankruptcy. At times, it may not be the best option. It is good to take legal advice before filing. There are chapters to choose from. A legal counsel can guide you in the choice of chapters and in every step of the filing procedure. With a...

07 August

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Good Bankruptcy Attorneys Are Hard To Find – Here’s How You Can Solve the Problem

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in Bankruptcy Law, bankruptcy lawyers in Northern Virginia

best Northern Virginia bankruptcy attorneys

Filing for bankruptcy is an unpleasant experience for anyone, be it an individual or an institution. Many may try to delay taking a decision in this regard despite the existence of clear pointers that things are going downhill rapidly and they are simply delaying what is inevitable. Most businesses and individuals refuse to see bankruptcy as a corrective measure. It is a remedial step that must be taken to course-correct and negate the effects of some wrong financial decisions you might have taken in the recent past. Once you have accepted this and decided to file for bankruptcy, the next step...

12 June

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A Few Key Things To Expect From A Bankruptcy Lawyer

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in Bankruptcy Law

Individuals burdened by debt find that filing for bankruptcy is a great solution to start life all over again. Most people experience a sigh of relief when their bankruptcy case is over. But you must also remember that those who underwent the entire process traversed a daunting route. “It was not cakewalk,” says a pharmacist. “I had to hire an affordable bankruptcy lawyer in MD. It was not easy to understand the facts of my case or to get any clue whether bankruptcy litigation was involved”. Hiring an attorney makes sense because you stand to get sound legal advice. The lawyer will tell you: • ...

13 May

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Your Bankruptcy Case And COVID-19 Virus

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in Bankruptcy Law

To prevent health risks arising from the spread of the coronavirus and to contain the spread of the infection, some public health guidance related to COVID-19 was issued by the Government of the United Statesof America. These guidelines have resulted in the restriction of operations of nearly every business and official activities across diverse sectors. The working of the state and federal courts have also been affected in many ways by the current situation. The courts in every state are making modifications in the way they operate with the focus more on operating remotely as much as possible. Bankruptcy is one area of law that has been severely affected....

04 February

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Why You Must Not File Without Maryland Bankruptcy Lawyer

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in Bankruptcy Law

So finally you have decided to declare yourselves bankrupt. Before you think of doing this all alone, think again. Bankruptcy is a complicated law. Each state has different laws. Besides, the case requires heavy paperwork. Plus, you must undergo two courses the certificates of which you need to present in the court....

27 November

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Why You Need a Good Affordable Bankruptcy Attorney in Maryland for Bankruptcy Filing

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in Bankruptcy Law

Filing for bankruptcy may help you salvage the existing financial crisis you may be facing, but it is far from easy. When you feel that bankruptcy filing is the best possible solution under the circumstances, you can exercise the right to file it on your own. But this move may not be a wise one because bankruptcy has many facets to it and professional expertise may be worth paying for. This is why you need to look for an affordable bankruptcy lawyer MD, if you happen to be a Maryland resident. A good lawyer can advise you correctly on the chapter...

18 November

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3 Things to Check Before You Contact Maryland Bankruptcy Lawyers

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in Bankruptcy Law

Bankruptcy is a big decision. Some people may want to pursue this path on their own, but wisdom says the opposite. Don’t go alone. Take a lawyer with you. Bankruptcy law is complicated. Even if you glide smoothly in the initial process, you may get stuck somewhere later or while handling your creditors. Bankruptcy features a lot of aspects to take care of. It may overwhelm you to no end. With the best Maryland bankruptcy lawyers by your side, you can sail in troubled waters without the fear of drowning. However, before you pick your phone to dial a number, check whether you have the...

14 November

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5 Costly Mistakes that Can Hurt Your Bankruptcy Case

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in Bankruptcy Law

Chapter 11 bankruptcy attorney MD, Chapter 11 attorney Maryland

People do get broke. They do make financial mistakes. There is always a way to correct them and start afresh. However, people usually make a few mistakes before filing for bankruptcy. If you intend to contact a personal bankruptcy attorney in Maryland, take a look at the following mistakes so that you avoid committing them. 1. Not mentioning a few ‘special’ creditors You may feel overwhelmed when burdened by debts. This gush of emotions may make you keep a few ‘special’ creditors in the hiding or you may miss them accidentally. The law mandates you to list all your creditors when you file for...