Bankruptcy Continues to Best Form of Relief for Most People

I hope you are having a great Sunday. My name is David Ruben and I have been a bankruptcy lawyer in Maryland for almost 23 years. I love what I do. Tommorrow is one of those rare days that I do not have to appear in court, so I was thinking about what my day will bring. Aside from all of the written work that I have to do, I will probably (hopefully) field about 15-20 new phone inquiries about filing Chapter 7 or Chapter 13 bankruptcy. What continues to amaze me about the phone calls is that many of the people have been thinking about calling a lawyer for Chapter 7 or Chapter 13 bankruptcy for months, sometimes years, and have been reluctant to do so for fear of the unknown. People are actually afraid to call me and scared of what they might hear. Many people, after we have our consultation, say "wow, that was easy, I was expecting that to be much worse, I feel so relieved." Despite what you might think or what people might tell you, Chapter 7 and Chapter 13 bankruptcy are … [Read more...]

REBUILDING YOUR CREDIT AFTER BANKRUPTCY

Like a lot of folks who start trying to rebuild credit after bankruptcy, you might be thinking of wiping your hands clean of credit. And it might make sense that the fastest way to move past the bankruptcy is to stop relying on the loans and credit cards that precipitated the bankruptcy. 1. But contrary to popular belief, using credit appropriately in the wake of a bankruptcy is the best way to rebuild credit after bankruptcy. Of all the bankruptcy facts, this one might be the most important. Indeed, you might be able to build your score to 720 within a couple of years of declaring bankruptcy if you follow a smart plan to re-establish credit. This twofold plan to learn how to fix credit starts by opening new lines of credit and concludes with paying your bills on time and in full. Rebuilding Credit After Bankruptcy Rule #1: Open new lines of credit! You might hear claims that you can have a bankruptcy wiped from your record. Beware of these claims! There is no legal way to wipe … [Read more...]

A Credit Card Company Has Filed a Lawsuit Against Me, What Do I Do?

This is one of the most commonly asked questions by people who are considering bankruptcy.  At the Maryland Bankruptcy Center we eliminate more credit card debt than nearly every other law firm in the state of Maryland.  Here is how it works. If you have an outstanding balance on a credit card, you will initially get phone calls from the credit card company.  Usually they will lie to you and tell you that if you don’t pay your wages will be garnished or your property will be taken immediately.  Not true. Usually, credit card companies in Maryland wait about 6 months to a year before they actually file a lawsuit against you.  And even then, the only way that they can garnish your wages or attack your bank account is to obtain a judgment against you, wait for the appeal period to expire, and then file more papers with the court.  In EVERY case, it takes the credit card company at least 120 days AFTER they file a lawsuit against you to be able to garnish your wages or attack your bank … [Read more...]

Filing Bankruptcy is Good For Your Health!

I recently came across this article and wanted to share it with you on my website. As a bankruptcy lawyer practicing bankruptcy in Maryland for more than 20 years and handling over 2000 Chapter 7 and Chapter 13 cases, I can tell you first hand that filing bankruptcy will improve your health. The relief I see when people first come into my office and learn their rights is amazing, it's like a giant burden lifted off the client's shoulder immediately. Sometimes just knowing your rights is all that you need, at least you know that you can be helped. Call us today for a free consultation so that we can not only improve your financial situation, but improve your health As we say: FILE TODAY...........SMILE TOMORROW! HERE IS THE TEXT OF THE ARTICLE If you find yourself deep in debt and are desperately trying to avoid bankruptcy, it might be time for a paradigm shift. Not only does bankruptcy provide relief from debt, it provides relief from chronic stress that can lead to … [Read more...]

Can Chapter 7 Bankruptcy Help Me?

I saw this article online and thought it was excellent, please read if interested in learning about or filing Chapter 7 bankruptcy, I couldn't have said it any better myself. Can Chapter 7 bankruptcy help? When most people think of filing for bankruptcy, they think of chapter 7 bankruptcy. Chapter 7 bankruptcy, often referred to as “straight bankruptcy,” is a much faster process than its slower cousin chapter 13 bankruptcy. Depending on income, chapter 13 bankruptcy lasts between 3 to 5 years, whereas a typical chapter 7 case is open and shut within 4 months. Within that short time frame, chapter 7 transforms the debtor’s financial life from a cluttered mess, to a clean slate. Here are 5 important ways that chapter 7 bankruptcy can help if you find yourself in financial distress. 1. Eliminate unsecured debt. This is the most obvious way that chapter 7 bankruptcy helps consumers. Filing for chapter 7 bankruptcy wipes out high interest credit card debt and medical bills. … [Read more...]

Can Bankruptcy Help?

At the Maryland Bankruptcy Center, we tell at least 1 person per day that they are NOT eligible to file bankruptcy or that bankruptcy is not a good idea. On the other hand, we tell most people who call that filing bankruptcy in Maryland is the right choice. Why is that? Chances are, if you are researching bankruptcy, you have found yourself in a very difficult financial situation and you are desperate for help. Chapter 7 and Chapter 13 are your last resort, but unfortunately in this economy, it is the only resort for hundreds of thousands of Marylanders each year. Consider the article below, and if you have any questions at all, feel free to call us anytime. Filing For Bankruptcy is a Major Decision. Necessary For Some, Unnecessary For Others… You don’t just throw a bankruptcy in your shopping cart and head for the check out, it’s a major life decision that should not be entered into lightly. In some cases, bankruptcy can really help. Some families who are avoiding filing … [Read more...]

When Should I Talk to A Bankruptcy Attorney?

Through my national bankruptcy connections I recently became friends with Quinton Pelley, one of the premier bankruptcy attorneys in the state of Texas. He was kind enough to share with me some great articles/blogs that he has written in the bankruptcy field for potential bankruptcy filers. I think that this one is excellent, so I am sharing it with you. If you are searching for a bankruptcy attorney to help you through this most difficult process, contact us today. No two debt situations are the same. However, since we have been helping people resolve their debt problems since 1991, we have noticed quite a few patterns. We know that you did not choose to be in this position. We also know that you were probably forced into your debt situation because of one or more of the following: Loss of job, reduction in income, death, divorce, someone got sick, ridiculously high interest rates, the bad economy, or some other similar life changing event. Life happens. Now you need to make the … [Read more...]

Keeping Your Car When Filing Bankruptcy

I saw this article on a related bankruptcy website and thought it was very good and wanted to share it with you. If you have any questions regarding this issue or are looking into filing bankruptcy, please call us for a free consultation. You Can Keep a Car in Bankruptcy, But Under What Terms? In our current tenuous economic climate, more and more normal, honest, hardworking people are turning to bankruptcy for relief from overwhelming debt. In fact, most people who file for bankruptcy are perfectly responsible citizens who have lost homes, lost law suits, incurred unexpected medical bills or other large, unforeseen expenses. One of the most commonly held beliefs about the bankruptcy process is that by filing, you will automatically lose your car. This is simply not true. If you want to keep a car you are still paying for, you will have to give up some of the very benefit your bankruptcy discharge gives you. Reaffirmation Agreements To keep a car on which you are still … [Read more...]

Filing Bankruptcy In Maryland

Hey folks. Thank you for visiting our website. I haven't posted on my website in a little while, and I'd like to apologize and explain why. We have been so busy over the past few months filing Chapter 7 and Chapter 13 bankruptcy petitions, we just haven't had the time. Why are we so busy? Because we do a good job for every client and our bankruptcy fees are affordable and usually much lower than our competition. Yes, we do advertise on the internet (that's probably how you found us!), but the large majority of our business comes from referrals from satisfied client's who have used our bankruptcy services and passed on our name to friends and family. Nothing makes us happier than that. Just the thought of having to call an attorney to discuss bankruptcy can be overwhelming. We pride ourselves in taking the time necessary with each new client call to listen carefully to your needs and explain what we can do to help you as clearly as possible. Unlike many other firms, we will … [Read more...]

Tax Refund and Chapter 7 Bankruptcy

As 2011 draws to an end, many people will be thinking about filing Chapter 7 bankruptcy in Maryland in 2012.  One very common question, almost always asked at the beginning of the year, is:   IF I FILE CHAPTER 7 BANKRUPTCY IN MARYLAND, WILL I STLIL BE ABLE TO KEEP MY TAX REFUND?   The answer is.............yes, in just about every case, you will be able to keep your tax refund.  When you file Chapter 7 bankruptcy in Maryland, you are permitted to keep roughly $12,000 worth of "liquid" assets.  That does not include your house.  That includes, for most people personal belongings such as household goods and furnishings, automobiles that are fully paid off, money in savings and checking accounts, and certain other assets.  One asset that people often forget is there tax refund.  A tax refund, or an expected tax refund, is nothing more than money in a savings account held by the government that will be given to you after you file your taxes and show that you have overpaid your taxes, which … [Read more...]