The COVID-19 pandemic has resulted in unprecedented job loss and an uncertain economy. Although the vaccine is starting to make its way across the U.S., there is still widespread concern about when businesses will get back to “business as usual”. Many Americans continue to face extreme financial hardship due to job loss or reduced income, […]
The COVID-19 pandemic has created significant hardship for many people. As of June 2020, approximately 17.8 million people in the U.S. were unemployed. Across all industries and all levels of work seniority, many people are having a hard time making ends meet. Most stimulus checks were spent long ago, and although families are gaining some […]
Facing tough financial issues can be the source of significant stress and worry. Mounting pressures from debt collector calls, unpaid bills and choices that can’t be made due to financial struggles can make life difficult. Bankruptcy is often a very sensible option for people who want to gain a fresh start financially. Many people considering […]
Due to rising costs, seniors are often faced with medical bills or other debts they can’t pay. Older adults facing bankruptcy have special considerations that don’t affect other groups. Here is helpful advice for seniors from an experienced Baltimore bankruptcy attorney. Medical Bills Medical expenses are a leading cause of bankruptcy for persons over the […]
Bankruptcy exemptions work in both Chapter 7 and Chapter 13 bankruptcy cases, and Maryland state law applies to those filing for bankruptcy in Baltimore. Bankruptcy exemptions help protect certain assets of yours, like your car or home, during the bankruptcy process. Federal Vs. State Exemptions Some, but not all, states adopt the federal guidelines for […]
