When filing for personal bankruptcy there are two options: Chapter 7 and Chapter 13. The bankruptcy means test helps determine if you qualify to file for the less rigorous Chapter 7. Higher income individuals who fail the means test must file for Chapter 13 and repay a portion of their debts according to a court […]
If you are facing retirement and a large debt at the same time, the decisions you make are critical for your financial future. Sometimes unpaid debt due to medical bills leads to bankruptcy. Baltimore and Maryland law provide for these kinds of situations. Let’s see how you can cope with retirement and bankruptcy. Medical Bills […]
Get sound legal advice from Sirody & Associates. Image Source If you live in Maryland and are facing financial hardship, you might be considering bankruptcy. This article describes the process for filing for Chapter 7 bankruptcy. Baltimore attorney Jeff Sirody explains that in Chapter 7 your nonexempt assets are sold to pay the claims of […]
For all your legal questions, Sirody & Associates is pleased to announce the release of our free eBook that has all the information you need about bankruptcy. Baltimore, Maryland residents facing financial difficulty will especially benefit from this book as it is tailored to our geographic area.
Image Source If you are behind on credit card or mortgage payments you might be receiving letters or phone calls from collection agencies. This can be a great source of stress for anyone facing financial difficulties. One way to recover from a difficult debt situation is to file for bankruptcy. Stopping the collection letter is […]
Bankruptcy is a legal process offered to persons that cannot repay their debts. It is a way for a person, under the protection of the law, to get a fresh start financially without the burden of preexisting debt. Bankruptcy can stop house foreclosures, car repossession, and wage garnishment. Bankruptcy status also protects a person from […]
The circumstances that lead to personal bankruptcy are never easy. Frequently, expensive medical care is to blame. Perhaps a business didn’t meet its financial goals, or maybe a person lost their job and couldn’t keep up with the bills. In some situations accidents or even natural disasters can lead to insurmountable credit problems. However, filing […]
If you live in Maryland and are facing serious credit problems, you might be considering filing for bankruptcy. Federal law changed in 2005, and it is important to be aware how these changes affect anyone considering bankruptcy filing. As you can see below, the steps to filing for bankruptcy in the State of Maryland are […]
Due to the complexity of bankruptcy law, there are attorneys that focus their practice on bankruptcy. For personal bankruptcy, you are not required by law to have legal representation. However, the smart thing to do in complex situations is get professional help. Stress Relief One of the most important jobs of the bankruptcy attorney is […]
If you are at or nearing the point of declaring personal bankruptcy you may be feeling scared, confused, angry, or sad. The information available in the media and advice you may get from friends and family is overwhelming and much of it negative. What follows are some of the common myths of bankruptcy and the […]
