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 […]

14 Sep 2010

Information About Consumer Bankruptcy

The American Bankruptcy Institute is an incredible organization which helps educate bankruptcy professionals and consumers with regard to current bankruptcy news and information. It’s contributors are some of the most well-educated bankruptcy professionals in the country. Although I have been a Maryland bankruptcy lawyer for almost 20 years, I learn something new every day. I […]

12 Sep 2010

Rise in Maryland Bankruptcy Filings in 2010

BUSINESS Bankruptcy cases rise nearly 36 percent in state By Lorraine Mirabella, The Baltimore Sun | August 23, 2010 Bankruptcy filings jumped nearly 36 percent in Maryland in the past year, continuing a recession-era trend of double-digit growth in cases, a federal courts report shows. The increase in Maryland, including business and individual bankruptcy cases, […]

12 Sep 2010

New Bankruptcy Laws Not a Barrier to Chapter 7 and Chapter 13 Bankruptcy

I was looking around the web this morning for interesting articles on consumer Chapter 7 and Chapter 13 bankruptcy, and debt relief in general, and I found this intersting article from the Washington Post in 2008. This was written BEFORE the recession and unemployment really hit us hard, but it still applies. Some people think […]

12 Sep 2010

Full Disclosure Required When You File Chapter 7 Bankruptcy

Some people say that famous people can get away with anything. This article shows that this is not true. One of the New Jersey housewives (ironically, one who I actually ran into while visiting the Borgata Hotel this summer in Atlantic City!), recently filed Chapter 7 Bankruptcy recently, and what follows is an article written […]

12 Sep 2010

Personal Bankruptcy Filings

Consumer debt is consistent with bankruptcy filings. Research by the Federal Reserve indicates that household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented level of debt might pose a risk to the financial health of American households. A high level of indebtedness among households could lead […]

15 Aug 2010

Chapter 7 Bankruptcy – The Process

Hi folks.  Most people who need to file Chapter 7 Bankruptcy in Maryland have heard of it, and no a little bit about it, but don’t know how it works.   Well, here it is, the process, which is pretty much the same in every case. Once you decide that you want to file Chapter 7 […]

15 Aug 2010

Drowning in Debt – Bad………Bankruptcy – Good

Hey folks.  I’ve decided that my goal in life (well, at least in my professional life as it pertains to my bankruptcy law practice), is to make the word “bankruptcy” a “good” word, rather than a “bad” word.  “Bad” words can never be good.   Illness, discrimination, death, taxes………those are never good words, they are always […]

15 Jul 2010

Rebuilding Credit During and After Bankruptcy

Maryland Bankruptcy Lawyers have a “list-serve” where we post questions and answers to bankruptcy questions in order to help each other out.  Although I have alot of experience handling Chapter 7 and Chapter 13 consumer bankruptcy cases, I continually learn and keep up to date by reading the list serve questions and answers each day. […]

12 Jul 2010

Summer Vacations and Bankruptcy

This weekend I was in Ocean City, Maryland with my family.   Everywhere I went, restaurants were packed, stores were mobbed and hotels had “no-vacancy” signs.  And as a personal bankruptcy attorney, I couldn’t help but notice that nearly everyone was using their high interest credit cards to pay for their consumer goods and services.  This, […]