When a business owner needs to seek personal bankruptcy protection, one of the chief concerns is how that decision might affect the business. While most consumer bankruptcy outcomes will greatly improve the lives of those who file, there are negative repercussions that can come when a business owner is placed under the stress of juggling multiple obligations. The following tips are given in the hopes of helping Maryland business owners maintain stability during the course of a personal bankruptcy case.
When it comes to the chance to rob consumers of their hard-earned money, few industries are as attractive as that of debt relief. Individuals who are struggling under heavy debt loads will go to great lengths to ease that stress, up to and including signing up for questionable debt relief offers. Many of these consumers, in Maryland and elsewhere, are unaware that consumer bankruptcy offers a far more certain and stable path out of unmanageable debt.
Our law firm recently represented a client after the foreclosure sale occurred. While there are few options to try to save the property after the foreclosure sale has occurred and we would encourage every potential client to contact us in advance of the foreclosure sale date, there is a possibility of overturning the foreclosure sale by filing Exceptions to the foreclosure sale. In this case, we filed Exceptions to the conduct of the foreclosure sale. This provided additional time to attempt to negotiate a Loan Modification with the lender while the Exceptions were pending.