Tax refunds, obtained as a result of overpaying on taxes throughout the year, often become an anticipated windfall that people come to expect each spring. According to statistics, nearly eight out of ten Americans get a tax refund each year, and last year the IRS refunded more than 111 million Americans. If you are someone […]
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 […]
Being self-employed can have a number of benefits including flexibility, autonomy and the power to make your own decisions. But it also means wearing multiple “hats”. People who are self-employed may be small business owners, or they may be freelancers or independent contractors. They may be responsible not only for their actual product or service, […]
If you’re considering filing for bankruptcy, you may hear the term “estate” and wonder what that’s about. In this instance, it doesn’t refer to a large home or mansion or to the belongings of someone who has passed away like an “estate sale”. In a bankruptcy case, the “bankruptcy estate” simply refers to everything the […]
How to stop creditors from calling, what is an Automatic Stay? Are you being hounded by phone calls from creditors? Are your wages being garnished? Is your bank account on the verge of being seized? Are you subject to a lawsuit or foreclosure? These are common stressful situations that we hear from potential bankruptcy clients […]
While one may hope to only go through one financial crisis during his or her lifetime, that may unfortunately end up being wishful thinking. Imagine that you suffered from an illness or lost a job and filed for bankruptcy to get a fresh start. What happens if another unexpected financial crisis arises and you need […]
When you file for bankruptcy, you may be able to wipe away income tax debts depending on how old the tax debt is. Bankruptcy law lays out specific rules for how old an income tax debt must be in order for it to be discharged along with a few additional requirements. Timing Rule 1: Tax […]
When you file for Chapter 7 bankruptcy, you must tell the court what you intend to do with your debts that are secured by personal property. For many Chapter 7 bankruptcy filers, this decision comes up in the context of their car loans. Ordinarily, the debtor has three options. The first option with Chapter 7 […]
At Ruben Law and the Maryland Bankruptcy Center, we have been helping Clients file Chapter 7 and Chapter 13 Bankruptcy for over 25 years. We help people understand Bankruptcy can be a fresh start and is an affordable, and legal option. This is an article about how to keep your car and reduce your car […]
One of the most difficult decisions a person might have to make in life is whether or not to file for bankruptcy. Like anything, asking friends or family can often lead to bad or simply false information. Many Americans view bankruptcy as a financial scar that will negatively affect you for the rest of […]
