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.

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Photo: Hard 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…

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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.

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