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 […]
Americans boosted their credit card balances in December for the first time in more than two years, a shift that may help explain the strength in holiday spending. Total credit card debt outstanding on Dec. 31 was a seasonally adjusted $800.5 billion, an increase of $2.3 billion from a month earlier, or 3.5% at an […]
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 […]
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. […]
Filing Bankruptcy in Maryland is becoming more and more popular. The effects of the “great recession” that began in 2008 are in many cases hitting consumers now. Although some of our counties are among the richest in the nation, most Maryland residents (was well as most Americans), live paycheck to paycheck. When the recession hit, […]
If you’ve got a judmgent against you for an unpaid credit card debt, personal loan, medical bill, or similar debt then you may be thinking that filing for Chapter 7 or Chapter 13 personal will solve the problem. Well…..you are CORRECT! A judgment is a common reason for Maryland residents to consider filing for bankruptcy. In Maryland […]
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 […]
I came across this article today on the internet and thought it was very interesting. Often times potential or actual bankruptcy client’s ask me what affect bankruptcy will have on their credit. My answer is always the same. That is, it will stay on your credit report for 7 to 10 years and if you […]
I was searching the web today and I came across a very interesting and informative article which relates to bankruptcy. It was called Ten Bad Habits That Lead to Bankruptcy. Many consumers in Maryland with high credit card debt could have taken steps to prevent it. At the Maryland Bankruptcy Center we will not only […]
