Some people believe that bankruptcy forces you to give up your home, but this is not always true. In some cases bankruptcy can actually prevent, or delay, foreclosure. Let’s see under what circumstances bankruptcy can help you keep your home. Want to speak to an experienced bankruptcy lawyer in the Baltimore area? Get a free […]
Due to rising costs, seniors are often faced with medical bills or other debts they can’t pay. Older adults facing bankruptcy have special considerations that don’t affect other groups. Here is helpful advice for seniors from an experienced Baltimore bankruptcy attorney. Medical Bills Medical expenses are a leading cause of bankruptcy for persons over the […]
For many people who face a personal economic crisis, bankruptcy can be a way to reestablish financial health. One of the most common questions people ask is if they will have to appear in court. Let’s see what role the bankruptcy court plays when you file for bankruptcy in Baltimore. Bankruptcy Court Function Bankruptcy court […]
I hope you are having a great Sunday. My name is David Ruben and I have been a bankruptcy lawyer in Maryland for almost 23 years. I love what I do. Tommorrow is one of those rare days that I do not have to appear in court, so I was thinking about what my day […]
When filing for bankruptcy, the bankruptcy discharge is an important concept to understand. The discharge in bankruptcy can vary depending on if you file for Chapter 7 or Chapter 13. What Is A Discharge In Bankruptcy? When a debt is “discharged” through bankruptcy, the debtor is no longer legally required to pay the debt. After […]
Do you want to find out quickly how bankruptcy works? Then download our free slideshow that goes over the basics of bankruptcy in an easy to follow format. Download slideshow now. If you like summaries and visual demonstrations, then this slideshow will help you quickly grasp the basics of the bankruptcy process. You’ll learn things […]
Bankruptcy exemptions work in both Chapter 7 and Chapter 13 bankruptcy cases, and Maryland state law applies to those filing for bankruptcy in Baltimore. Bankruptcy exemptions help protect certain assets of yours, like your car or home, during the bankruptcy process. Federal Vs. State Exemptions Some, but not all, states adopt the federal guidelines for […]
In the United States, over one million people file for personal bankruptcy every year. The reasons are numerous, but in only a few causes account for the majority of bankruptcy cases. In many cases it is not the person’s fault at all. Let’s look at the top five reasons why people file for bankruptcy. Number […]
When filing for personal bankruptcy there are two options: Chapter 7 and Chapter 13. The bankruptcy means test helps determine if you qualify to file for the less rigorous Chapter 7. Higher income individuals who fail the means test must file for Chapter 13 and repay a portion of their debts according to a court […]
If you are facing retirement and a large debt at the same time, the decisions you make are critical for your financial future. Sometimes unpaid debt due to medical bills leads to bankruptcy. Baltimore and Maryland law provide for these kinds of situations. Let’s see how you can cope with retirement and bankruptcy. Medical Bills […]
