The Number of Bankruptcies are Falling The number of national consumer bankruptcies have fallen 6% in the first quarter of 2011. There were 340,012 consumer bankruptcy filings from January 2011 to March 2011, which was down from 363,215 last January 2010 to March 2010. This is according to the American Bankruptcy Institute using data from […]
Many people with financial problems don’t even consider bankruptcy because they envision themselves having to go in front of a Judge in a Courtroom and explain exactly why and how they find themselves in a bad financial situation. Well, I am here to tell you, and anyone who has every filed bankruptcy before will tell […]
Today I came across this blog article written by a Michigan attorney. Although the Bankruptcy laws vary slightly from state to state, bankruptcy is a Federal Law and the basics are pretty much uniform throughout the country. This article addresses a question that potential Chapter 7 bankruptcy filers in Maryland frequently ask, what should I […]
I saw this article on AOL today and thought I would pass it on to anyone who is thinking about filing bankruptcy or has filed bankruptcy. When I first started working with Charlie (not his real name) in 2005, his bankruptcy had just been discharged, meaning his remaining debt was cleared. His credit score was […]
A few months ago I prepared a document for each and every one of my client’s to read which attempts to describe the Chapter 7 and Chapter 13 Bankruptcy process in Maryland from A to Z. I think I did a good job. But, I am always trying to look for something better so that […]
There is one question that people always ask when they come in to my office to file a Chapter 7 or Chapter 13 Bankruptcy. They are concerned, and rightfully so, about whether or not they are going to be able to buy a car, buy a house or even get another credit card after they […]
Consumers with debt problems filed 1.53 million bankruptcy petitions last year according to recent data. This represents a nine percent increase over 2009, reflecting on the need for Americans to utilize bankruptcy protection to resolve their financial debt problems, which are in large part attributable to the recession, national financial crisis and overall weak economy. […]
Though last year witnessed 9 percent more consumer bankruptcy filings than the previous year, there was a gradual slowdown in personal filings at the end of 2010, the American Bankruptcy Institute (ABI) recently revealed. There were 357,050 total consumer filings in the last quarter of 2010, representing a 0.4 percent decrease from the same quarter […]
This article was taken from an article by Jay Fleishman, a bankruptcy attorney in New York who writes interesting bankruptcy articles almost on a daily basis: BANKRUPTCY AND FILING TAXES Many people who need to file bankruptcy have other financial issues swirling around them as well, and taxes seem to loom the largest. Some have […]
It is the first week of February and the phones at the Maryland Bankruptcy Center have been ringing off the hook. I am a Maryland Bankruptcy lawyer. I earn my living helping Maryland residents file Chapter 7 and Chapter 13 bankruptcy. February is the busiest time of the year for bankruptcy filings. Why? Good question. […]
