While one may hope to only go through one financial crisis during his or her lifetime, that may unfortunately end up being wishful thinking. Imagine that you suffered from an illness or lost a job and filed for bankruptcy to get a fresh start. What happens if another unexpected financial crisis arises and you need […]
When you file for bankruptcy, you may be able to wipe away income tax debts depending on how old the tax debt is. Bankruptcy law lays out specific rules for how old an income tax debt must be in order for it to be discharged along with a few additional requirements. Timing Rule 1: Tax […]
One of the most difficult decisions a person might have to make in life is whether or not to file for bankruptcy. Like anything, asking friends or family can often lead to bad or simply false information. Many Americans view bankruptcy as a financial scar that will negatively affect you for the rest of […]
The circumstances that lead to personal bankruptcy are never easy. Frequently, expensive medical care is to blame. Perhaps a business didn’t meet its financial goals, or maybe a person lost their job and couldn’t keep up with the bills. In some situations accidents or even natural disasters can lead to insurmountable credit problems. However, filing […]
If you live in Maryland and are facing serious credit problems, you might be considering filing for bankruptcy. Federal law changed in 2005, and it is important to be aware how these changes affect anyone considering bankruptcy filing. As you can see below, the steps to filing for bankruptcy in the State of Maryland are […]
Due to the complexity of bankruptcy law, there are attorneys that focus their practice on bankruptcy. For personal bankruptcy, you are not required by law to have legal representation. However, the smart thing to do in complex situations is get professional help. Stress Relief One of the most important jobs of the bankruptcy attorney is […]
