Bankruptcy Attorney
Serving Coral Gables, FL & Beyond
Everyone has been affected by the COVID-19 pandemic in one way or another. While you or your family members may have been spared from a decline in health or hospitalization, if you are a business owner, you are well aware of the detrimental impact of this global pandemic on businesses. Countless businesses were shuttered and closed during months of imposed lockdowns. In response, Congress passed The Coronavirus Aid Relief and Economic Security Act of 2020, known as the “CARES Act.” Together with the Small Business Reorganization Act of 2019 (the “SRBA”), effective February 19, 2020, Chapter 11 bankruptcy protection may be a more viable solution for small businesses facing mounting debt or foreclosure options.
CRL Law Group is well-versed on both of these important pieces of legislation to help businesses successfully restructure their debt under Chapter 11 of the Bankruptcy Code. Amongst the critical components of the CARES Act legislation is the temporary increase of the debt level threshold from $2.725 M to $7.5M, thus enabling more businesses the ability to seek relief. Additionally, the SRBA added a new subchapter V to Chapter 11 of the Bankruptcy Code to pave the way for a faster and less expensive option for small businesses to successfully reorganize. Together with the CARES Act, business owners now stand a greater chance to continue to own and successfully operate their businesses.
Find out more about what your debt consolidation or foreclosure options are with expert advice from the experienced bankruptcy attorney at CRL Law Group.
With over 20 years of combined experience in real estate litigation and bankruptcy, CRL Law Group is proud to be your local bankruptcy practice in the Coral Gables, FL area. Our firm focuses on the areas of consumer and business bankruptcy, by representing both creditors and debtors. To get started on your path towards financial relief and away from foreclosure options, we welcome you to contact our office to schedule an appointment!
Why You Should Hire a Bankruptcy Attorney
Filing for bankruptcy can be stressful and overwhelming, and you might be thinking you can save yourself money by representing yourself. While you can represent yourself when filing for bankruptcy, it is wise to hire a bankruptcy attorney. A bankruptcy attorney will have experience, knowledge, and an understanding of the legal process and any laws on your situation. Below are a few reasons you should consider hiring a bankruptcy attorney.
- Bankruptcy Alternative: In some cases, a bankruptcy attorney may be able to suggest an alternative way to find financial peace. Depending on your situation, debt consolidation or a short sale could be more suitable.
- Protection from Creditors: A bankruptcy attorney will be able to take immediate collections defense actions to protect you against repossessions and wage garnishment. Your attorney will take the creditor to court if a creditor violates the injunctive order.
- Guidance: Have peace of mind knowing your bankruptcy attorney will help guide you through the entire bankruptcy process. From paperwork and necessary documents to foreclosure options and court representation, your attorney will be assisting you every step of the way.
At CRL Law Group Firm, our bankruptcy attorney is here to assist you. Don’t fight this battle alone; trust our bankruptcy attorney to provide you with proper representation. Give us a call to schedule a consultation. We proudly offer services throughout Coral Gables, FL.
Representation of Creditors
As a Creditor, our firm’s services can help protect your rights in a consumer or business bankruptcy, which can include filing proofs of claim, objecting to plans of reorganization, filing motions for relief from the automatic stay, settling priority disputes with other creditors or liquidating collateral. Our firm has extensive experience protecting creditors’ rights in Bankruptcy.