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 […]
This is one of the most commonly asked questions by people who are considering bankruptcy. At the Maryland Bankruptcy Center we eliminate more credit card debt than nearly every other law firm in the state of Maryland. Here is how it works. If you have an outstanding balance on a credit card, you will initially […]
