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 […]

09 Dec 2010

Bankruptcy Statistics

News Flash! November 8, 2010 —Bankruptcy cases filed in federal courts for fiscal year 2010, the 12-month period ending September 30, totaled 1,596,355, up 13.8 percent over total FY 2009 bankruptcy filings of 1,402,816, according to statistics released today by the Administrative Office of the U.S. Courts. While non-business bankruptcy filings continued to rise in […]

09 Dec 2010

Credit After Bankruptcy

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 […]

25 Nov 2010

Chapter 7 and Chapter 13 Bankruptcy Statistics

November 08, 2010 October Filings Hold Steady   2007          2008         2009         %         2010        % Jan 55,200 70,300 89,000 27% 102,600 15% Feb 58,800 79,500 102,000 28% 117,800 15% March 73,100 90,400 131,000 45% 159,200 22% April 67,800 93,200 128,700 38% 146,200 14% May 69,900 89,700 120,400 34% 133,500 11% June 67,300 […]

25 Nov 2010

Thankful for Bankruptcy Laws

Hey folks.  I just wanted to take this opportunity to wish anyone who might be reading this blog a Happy Thanksgiving.   In two days it will be Black Friday, yes, the most popular day to run up credit cards of the year.    I will actully be working in my office on Black Friday meeting new […]

17 Nov 2010

Foreclosures in Maryland

Maryland’s courts adopted a rule to make it easier for homeowners in foreclosure proceedings to challenge lenders’ documents that they believe are fraudulent. The rule, approved by the Court of Appeals of Maryland today, can shift from homeowners to lenders the burden of proving documents are legitimate. Hundreds of inaccurate or fraudulent affidavits have turned […]

03 Oct 2010

Things Not To Do When Considering Bankruptcy

At the Maryland Bankruptcy Center, our lawyers are always trying to educate ourselves so that we can pass on important information to our Chapter 7 and Chapter 13 client’s.  I saw this article on a great consumer bankruptcy website and I thought I would pass it on.  Check it out.  And if you have any […]

18 Sep 2010

Thankfully, Bankruptcy Is Still Available

This economy stinks. According to an article I read in the Baltimore Sun, more Americans are living in poverty and without health care. The good news, Chapter 7 and Chapter 13 personal consumer bankruptcy is still available to all Marylanders. Call or e-mail us if you need a Maryland Bankruptcy attorney to help you choose […]

14 Sep 2010

Motherhood and Bankruptcy

I saw this today and thought it was a really informative article and wanted to pas it on to any readers of the Maryland Bankruptcy Center blog: MOTHERHOOD AND BANKRUPTCY In most discussions of bankruptcy, there are few mentions of the rising costs of motherhood/parenthood, especially considering the current economic state of affairs, whereby families […]

14 Sep 2010

Top Five Reasons People File Bankruptcy

When you are experiencing a financial crisis you may feel like you are the only one in that situation. The reality is that many people are feeling the current financial crunch for one reason or another. So whether you live in Maryland or any other part of the country, you are not alone! The following […]