17 Jun 2010

Debt Trouble Warning Signs

Think about this: Just because you can pay your minimum payments each month, does not mean you are financially fit. Low monthly minimum payments benefit the credit card company, the “minimum amount due” is cleverly calculated to keep you trapped in debt for your entire adult life. Do you really want to spend the best […]

10 Jun 2010

Chapter 7 Banruptcy’s Rising

I have noticed a trend in the last few weeks.  More and more people are calling for help with their overdue credit cards bills, medical bills and wage garnishments.  I think that due to the recession, Chapter 7 bankruptcy’s are going to increase by approximately 20% in 2010.  We shall see, I’ll keep you posted. […]

09 Jun 2010

Chapter 7 Bankruptcy – Eliminate Credit Card Bills

Did you know that Chapter 7 bankruptcy, if you qualify, will completely eliminate your credit card bills and all of your other debt?   Yes, it’s true, and there is nothing that the credit card companies can do about it.  Alot of people think that they will have to eventually pay back their credit cards after […]

02 Jun 2010

Maryland Legislature Passes New Laws Regarding Forclosures

Maryland Enacts Foreclosure Mediation Law. On April 13, Maryland Governor Martin O’Malley signed a law (H.B. 472) giving homeowners the right to mediate foreclosure with a neutral third party and requiring lenders to conduct loss mitigation analyses before foreclosing home loans. The law applies to 1-4 family residential properties occupied as the borrower’s primary residence […]

27 Apr 2010

Welcome to the Bankruptcy Center Blog

This is the first post on the Maryland Bankruptcy Center bankruptcy information blog.  My name is David L. Ruben.  I am an attorney in the state of Maryland and have recently created this website and other websites for a couple of reasons.   I started the Maryland Bankruptcy Center, a Maryland business owned and operated by […]