Business Bankruptcy
Business Liquidation Options in Maryland
There are two business liquidation options in Maryland. The first is to file bankruptcy under chapter 7, which is the liquidation chapter of bankruptcy and the second is to file for a receivership.
Full StoryHard Money Loans for Flipping Houses – Case Studies
In our previous posts about hard money commercial loans, we discussed the risk of hard money commercial loans, including higher interest and fees, higher default interest, short terms, and fast collections through confessed judgment clauses and other collections in the event of default. We also discussed the mechanics of hard money commercial loans. When it…
Full StoryThe Mechanics of Hard Money Commercial Construction Loans
Learn the mechanics of hard money commercial construction loans, including the goal of these loans for both lenders and borrowers.
Full StoryThe Risks of Hard Money Commercial Loans in Maryland
Learn how hard money commercial loans work and the risks associated with these loans, including high costs, and fast, aggressive collections.
Full StoryThe 341 Meeting of Creditors
In every bankruptcy chapter, the person or authorized representative of a business must attend a 341 meeting of creditors that is required under 11 U.S.C. § 341(a). The 341 meeting is not a test. It is an opportunity for the case trustee to do their job and determine if there are any assets to distribute to creditors.
Full StoryKeeping Your Business Running During the COVID-19 Disaster
Steiner Law Group is pleased to announce that we are assisting our new and existing small business clients seek loans and grants through both the U.S. Small Business Administration and the State of Maryland.
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