22 Apr 2022

Choosing Between Debt Consolidation or Bankruptcy

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 […]

person reviewing and consolidating bills
31 Mar 2022

Chapter 13 Bankruptcy Myths – Part 1

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 […]

Business Person Signing Chapter 13 bankruptcy Contract
17 Nov 2021

Chapter 13 Bankruptcy Payment Plan Example

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. […]

Couple paying bills on a laptop and considering what a Chapter 13 bankruptcy payment plan might look like.
25 Oct 2021

How Bankruptcy Can Stop Foreclosure On Your Home

Home is where the heart is. Your home is not only your most important financial asset, but it is likely filled with many family memories. Unfortunately, during difficult economic times, it is not unusual for people to struggle with mortgage payments and sometimes be forced to give up their home. According to the Maryland Department […]

Maryland brick home. Bankruptcy is a legal tool that can help homeowners prevent or delay foreclosure.
05 Oct 2021

How To Choose a Bankruptcy Attorney

If you find that you are having trouble meeting your financial obligations, you are not alone. In this very difficult economic time, many consumers are having trouble staying on track with bill payments. WalletHub recently reported that the average U.S. household is carrying a credit card balance of $7,854. The problem with unpaid debt is […]

Scales of justice on a bankruptcy attorney's desk.
19 Aug 2021

Job Loss And Chapter 13 Bankruptcy

Chapter 13 bankruptcy is sometimes referred to as a debt reorganization or debt reallocation bankruptcy. It can be a financial life raft for those who have a steady stream of income but have fallen on hard times due to medical bills, divorce, credit card debt or other unforeseen circumstances. Chapter 13 bankruptcy involves the creation […]

Employee leaving work with possessions in a box after being laid off.
15 Jul 2021

Leveraging Bankruptcy To Address Traffic Fines And Toll Road Violations

Traffic citations are issued for a variety of reasons, from speeding to failing to drive with insurance, to running a stop light. Speeding tickets are the most common type of traffic fine and they are often given out where they are least expected. Unfortunately, it is easy to drive a little too quickly while rushing […]

Frustrated driver finds a parking ticket on their car's window.
17 Jun 2021

Bankruptcy Relief For Distressed Small Businesses

For the 31.7 million small businesses in the United States, a sudden drop in revenue due to an external event can have a catastrophe impact on the financial stability and longevity of the business. Recent modifications to Subchapter V of the Chapter 11 Bankruptcy Code were enacted to help commercial businesses with fewer than 1,500 […]

Small business owner talking on the phone.
12 Mar 2021

Bankruptcy Won’t Drain Your Retirement Savings

Thousands of people are experiencing financial hardship right now. A sluggish economy, uncertainty in the markets and a rising cost of living can make it difficult to climb out from accumulated debt. If you have worked for many years and have saved up a sizable nest egg, it may be tempting to pull money from […]

Concerned middle aged couple reviewing finances. It is not advisable to dip into retirement accounts to pay off debts.
24 Feb 2021

How To File For Bankruptcy Remotely In Maryland

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, […]

Couple reviewing finances and filing for bankruptcy virtually.