The process of financial Few things are more financially draining than medical bills. In fact, at some point, many may consider bankruptcy as a means to offset the hefty medical bills their ill health must have incurred. However, while bankruptcy laws are designed to provide a fresh start for those overwhelmed by debt, their implications […]
The process of financial recovery after bankruptcy remains a significant concern for many. As bankruptcy can lead to a considerable decline in credit score, the prospects of obtaining a new credit card may seem dim. More so, the fear of rejection often lingers, as financial institutions view such individuals through a lens of heightened risk. […]
When faced with the Different aspects of the law are often misunderstood by people. But of all these, bankruptcy is arguably the most misunderstood. In fact, if we got paid a dollar for every misconception we’ve come across, we’d give Jeff Bezos a run for his money. Countless individuals hold the wrong idea about the […]
When faced with the threat of financial distress, many resort to bankruptcy as a form of escape. As the two primary legal frameworks that provide for this are Chapter 7 and Chapter 13 bankruptcy, everyone must understand what they represent to make an informed decision for their financial future. Generally, Chapter 7 is akin to […]
Declaring bankruptcy can be a fresh start, but it’s also daunting. When you’re facing a wall of legal processes, hard-to-decipher codes and laws, and aren’t sure what to do, it can feel impossible. However, the right guidance makes all the difference and can transform this intimidating experience into a new beginning. At Sirody & Ruben […]
Navigating bankruptcy can be overwhelming, but you don’t need to do it alone. A skilled bankruptcy lawyer will guide you through the complexities of your legal situation and offer solutions tailored to fit your unique financial needs. This guide aims to equip you with the knowledge and tools needed to make an informed decision, ensuring […]
When you’ve reached the point where financial struggles are more than you can reasonably manage on your own, it’s time to look for alternatives to get you back on solid financial footing. After all, there is only so much extra work you can take on and so much juggling of bills you can muster until […]
There are many misunderstandings about filing for Chapter 13 Bankruptcy. Below we note five of the common myths about filing for Chapter 13 Bankruptcy in Maryland. Myth #1: Most people don’t qualify for Chapter 13 Bankruptcy. Misleading! While there are debt limits to qualify for Chapter 13, they are high and only preclude individuals in […]
If you’re struggling with more debt than you can manage and have gotten behind on your home mortgage and car payments, you may be evaluating filing for Chapter 13 bankruptcy. Some common misconceptions about bankruptcy are that you will lose your home or that the process will drag on for years. In general, this simply […]
Chapter 13 bankruptcy can be a prudent option for people who are struggling financially but have a steady source of income that can be used to repay some of their debts. Unlike Chapter 7 bankruptcy, Chapter 13 lets the individual reallocate and consolidate their debts and then pay them back in a more efficient manner. […]
