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 […]
Hot of the presses: The law has changed in the state of Maryland. Let me set the stage: When a person files bankruptcy and they own a car and making payments on the car, that person is permitted to keep the car as long as they remain current on the payments. A “reaffirmation” agreement is […]
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 […]
I am a big NBA fan and I thought that this was interesting and would share it with you. High Profile NBA Bankruptcies Point guard Kenny Anderson earned an estimated $60 million during his NBA career after playing for nine different teams. He was married three times throughout that period, and the his first wife, […]
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 […]
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 […]
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 […]
Today I came across this blog article written by a Michigan attorney. Although the Bankruptcy laws vary slightly from state to state, bankruptcy is a Federal Law and the basics are pretty much uniform throughout the country. This article addresses a question that potential Chapter 7 bankruptcy filers in Maryland frequently ask, what should I […]
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 […]
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 […]
