On February 25th, Attorney Haley Rohrbaugh will be a panelist for a final presentation on Fees in Bankruptcy. Haley will be co-presenting with another Attorney. Topics will include the fee application process, reasonably presumptive fees, and case law. Haley’s presentation will run from 2:20pm to 3:20pm as part of the Bankruptcy Trends & Predictions for 2022 Seminar series. Register for the full seminar HERE. Supply chain slowdowns. Labor shortages. Factory shutdowns. Expiring stimulus programs. Travel disruptions. Omicron. Could this be the perfect storm for bankruptcies in 2022? Despite the dip in 2021, experts predict that 2022 will bring about… read more »
There is something new and exciting in the world of Bankruptcy which gives small businesses in financial distress a chance to reorganize and continue operating, rather than shutting the doors. In 2019, the Small Business Reorganization Act (SBRA) was passed and went into effect in early 2020, with impeccable timing – just prior to the pandemic. Under the SBRA, Congress created a more affordable, less burdensome option under Chapter 11 of the Bankruptcy Code for small businesses called the Subchapter V Bankruptcy. Under a Subchapter V Bankruptcy, the small business Debtor, after presenting financial documents to the Court, can pay… read more »
This seminar will address the basics of the somewhat new Subchapter V Bankruptcy available as a result of the Small Business Reorganization Act. Attorneys Larry Young and Haley Rohrbaugh of CGA Law Firm will be discussing this new subchapter of the more familiar and widely used Chapter 11 Business Reorganization provisions of the Bankruptcy Code. The new subchapter V process gives small businesses the opportunity to reorganize and gain a fresh start, as the process is much easier and less expensive for small businesses to restructure debt and reorganize without having to close the doors. If your customers may use… read more »
The 30th Edition of YRK Magazine, which features two articles sponsored by CGA, spotlights Attorney Haley Rohrbaugh’s client Amanda Witmer. Witmer, the owner, stylist, and manager of Everyone Deserves Flowers, discusses her origins with Everyone Deserves Flowers, and her relationship with brides, the wedding industry, and getting her feet back under her following Covid-19’s disruptions. Read the article on attorney Haley Rohrbaugh’s client Everyone Deserves Flowers here. Everyone Deserves Flowers website.
COVID-19 Update: The CARES Act and Bankruptcy Last month, March of 2020, The CARES Act was passed in light of the impacts of COVID-19. Specifically, there were changes affecting Bankruptcies – both current and prospective cases. The CARES Act (the “Act”) excludes Coronavirus related payments from the definition of disposable income and the Bankruptcy Estate, i.e. the government stimulus check. Receiving the stimulus check within 6-months of filing a Chapter 7 Bankruptcy will therefore not disqualify a Debtor from filing a Bankruptcy under Chapter 7. While the Act does not explicitly state this applies to Chapter 13, most Trustees, even… read more »
Haven Act of 2019 In August of 2019, Congress rewarded our Veterans for their service by approving the “Honoring American Veterans in Extreme Need Act of 2019”, aka the “HAVEN Act”. The purpose of the Act is to exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense. The Act modified the definition of “Current Monthly Income” under the Bankruptcy Code to exclude VA benefits, in general. What does this mean for our clients? In Bankruptcy, there are certain factors considered for whether our individual, consumer clients qualify for… read more »
COVID-19 Update: POAs in Troubled Times On Tuesday, March 24, CGA’s estate attorneys participated in a Canon series teleconference, co-sponsored by our friends at ACNB Bank, outlining the very latest legal guidance on that most important of estate documents, the durable power of attorney (“POA”). The following are notes from that seminar. 1. Irreplaceable.A POA allows us to appoint a trusted person like a spouse, parent, child, or other family member to help and assist us with decisions if we are unable to take action on our own. There is really no substitute for a valid POA; without one, family members… read more »
Article by: Haley Rohrbaugh, Esquire A common misconception about Consumer Bankruptcy is that it devastates your credit. When I meet with potential clients for an initial consultation, most are surprised to find that a Bankruptcy filing will actually improve their credit score. Credit limit usage. Using more than 50% of allowed credit limits will negatively affect a consumer’s credit score. (For example, a credit card with a $1,000.00 credit limit holding a balance due of $500+ will cause credit scores to decrease); andDebt-to-income ratio. Having high levels of debt compared to household income will also decrease credit scores. However, the… read more »