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 […]
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 […]
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, […]
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 […]
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 […]
National Bankruptcy Research Center May 2010 Bankruptcy Filings Report Bankruptcy filings in May 2010 fell slightly to 137,000 (from 145,000 in April). Because April and May filings usually are at about the same level, this suggests that bankruptcy filings were essentially constant through May, with perhaps a slight decline. Still, filings for 2010 to date […]
What is a bankruptcy discharge? The typical consumer files a bankruptcy case in order to obtain a “discharge” of overwhelming debt. An unfortunate word that is used to describe what for many is a life changing “event”. Why? When a debt is “discharged”, the obligation of the debtor to pay it, no longer exists. The […]
Personal bankruptcy filings for the month of May have increased compared with a year ago, but dropped slightly compared with a month earlier, the American Bankruptcy Institute reported last week. Here’s a breakdown of the data. Total filings: In May 2010, 136,142 personal bankruptcy cases were filed, a nine percent increase from May 2009, when […]
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 […]
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 […]
