22 Oct 2011

Why Filing Bankruptcy is Better Than Debt Credit Counseling

I saw this article today and had to pass it along.  It is very true and I couldn’t have said it better myself. Is Credit Counseling a Step in the Right Direction? Credit counseling most often involves consolidating outstanding debts as much as possible and then developing a negotiated repayment plan for a reduced payment […]

16 Oct 2011

Chapter 7 or Chapter 13?

Chapter 7 vs. Chapter 13 Bankruptcy Through years of practice, I have lost track of how many times I am asked the question, “What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy, and what is the best option for me?” Every time that I am asked that question, I give the same […]

16 Oct 2011

Secured v. Unsecured Debts

As a Maryland bankruptcy attorney I have found that many of my clients have misconceptions about which types of debts can be discharged in bankruptcy. I feel every consumer should be educated about which types of debts can be discharged before deciding to file for bankruptcy. Secured vs. Unsecured Debts I have found that a […]

16 Oct 2011

Would I file bankruptcy if I were you?

The answer to that question is very difficult. I am often asked by clients, “Do you suggest I file?” “Would you file if you were me?” My basic rule of thumb is this if you feel that you can bail yourself out of debt within a six month time period then there is no reason […]

19 Aug 2011

Can I Keep A Credit Card After Bankruptcy?

I saw this blog article on a Texas bankruptcy website and thought it was excellent, so I am passing it on to you. If you have any questions and are thinking about contacting a Maryland Bankruptcy Lawyer or Maryland Bankruptcy Attorney, call or e-mail us today and we will get back to you immediately. CAN […]

02 Aug 2011

Medical Bills and Credit Reports

A member of Congress has proposed a bill that would erase medical bills from credit reports. I think that is a great idea, for many reasons. See the article below, it is very interesting: New Bill Proposed Would Remove Medical Collections From Credit Reports In June 2011, a bill titled the Medical Debt Responsibility Act […]

25 Jun 2011

Credit Cards After Bankruptcy?

The article below was posted on the Bankruptcy News website on May 31, 2011: Are Second Chance Credit Cards A Good Option For Rebuilding Credit? If you have just recently filed for bankruptcy, you may wonder if your credit will ever be the same again, or what you can do to rebuild your credit to […]

06 Mar 2011

Explanation of the Bankruptcy Process

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 […]

22 Feb 2011

Maryland Bankruptcy and Filing Taxes

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 […]

10 Dec 2010

The Chapter 7 and Chapter 13 Bankruptcy Process

I want to give you all an idea of the bankruptcy process. I’ll try to keep this simple and cover only the “normal” case and not cases involving objections from creditors and other complications. Once you’ve chosen a Maryland bankruptcy attorney, provided all of the documentation requested, and paid the required fees, it’s time to […]