A number of the people I counsel want to know how soon they can restore their credit after bankruptcy. The prerecession standard advice was two years for a credit card with decent interest and four years for a mortgage with indecent interest. But that was then. Now, because so many people have bad credit because […]
No, your spouse does not have to file bankruptcy with you. There is no law stating that both people in a marriage must file bankruptcy. A married person can file a single bankruptcy. If a married person does decide to file without their spouse, some information from the non-filing spouse would be needed. The non-filing […]
Bankruptcy is very often a time-sensitive process and pre-bankruptcy planning can be critical in protecting assets. Chapter 7, in particular, the trustee’s responsibility is to “look back” at the actions the debtor has taken to insure that there hasn’t been a fraudulent conveyance of assets, a non-allowed preference payment to creditors or other actions that […]
If you’re facing foreclosure, and you can’t seem to strike a deal with your lender, filing bankruptcy may be able to help. If you fall behind on your mortgage payments, your lender may take steps to foreclose on the property – meaning it may take back your home and sell the property at a public […]
Typically, chapter 7 bankruptcy cases last between three and four months from the date the case is filed. The preparation for a chapter 7 bankruptcy case can be anywhere between one day and many months depending on a number of factors, including attorneys fees, document readiness etc. This post will deal with the chapter 7 […]
Credit Card Bankruptcy It’s no secret that the United States economy has been driven by consumer credit card spending. Credit card companies have spent billions of dollars each year aimed at convincing us to buy on credit. More than a billion credit card offers are mailed out each year in the United States each year. […]
Simple answer. No. If you file for Chapter 7 bankruptcy in Maryland, you will not lose all of your proprety, in fact, you will not lose any of your property. This is possibly one of the biggest misconceptions about bankruptcy in Maryland. When you file, you can protect a certain amount of property and still […]
Once of the darkest moments in anyone’s financial life is when a debt you are not responsible for shows up on your doorstep because you have co-signed a loan. this is particularly distasteful when the person you co-signed with was once your spouse and is now your ex-spouse. The only thing that can make this […]
Bankruptcy filings in June declined for both individuals and businesses. Still, bankruptcies so far this year are 9 percent ahead of last year’s monthly average, according to data compiled from court records by Automated Access to Court Electronic Records. If the pace continues for the next six months, 2010 will have the most bankruptcies since […]
At the moment you are searching the web to get information about filing Bankruptcy in Maryland. I am attorney David L. Ruben, Esquire, and although I have been practicing bankruptcy law in Maryland for nearly 20 years, I still learn new things each day. My goal is to provide the best bankruptcy legal services possible. […]
