24 Jul 2011

Untrue Bankruptcy Rumors

Today I saw this information posted on a really good bankruptcy blog from a North Carolina attorney. She really seems to know her stuff. I would like to share her article with you, it addresses bad information that people have heard regarding personal bankruptcy and the changes in the law that occurred back in 2005. […]

22 Jul 2011

Filing Bankruptcy In Maryland in 2011

  The last few years have brought about economic changes that Americans were not prepared for and had not experienced in their lifetime.  For many people, financial security disappeared as home values plunged, jobs were lost, debts rose, and help was nowhere to be found.  More Americans have faced with the decision to file for bankruptcy.    As we […]

25 Jun 2011

Bankruptcy – No Guilt Necessary

People from all around the entire Baltimore and Washington areas call us each day to discuss their bankruptcy options.   Many time, people begin the conversation to explain why they need to file bankruptcy and for how long they have tried to put it off.  They often feel guilty about it, feeling as if they are […]

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 […]

18 Apr 2011

Bankruptcy Statistics

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 […]

03 Apr 2011

Do You Need a “Good” Reason to File Bankruptcy?

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 […]

23 Mar 2011

Credit Card Debt On The Rise

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 […]

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 […]

06 Mar 2011

Getting Credit After Bankruptcy, It’s Easier Than You Think!

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 […]

04 Mar 2011

Bankruptcy Filings Hitting Record Numbers

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. […]