04 Mar 2019

Can You File Bankruptcy Again?

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 […]

04 Mar 2019

When You Can Discharge Income Tax Debt in Bankruptcy

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 […]

15 Apr 2014

How Bankruptcy Can Be Good For The Economy

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 […]

03 Apr 2014

Bankrupt in Baltimore: Steps to Filing for Bankruptcy In Maryland

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 […]

26 Mar 2014

What Does A Bankruptcy Lawyer Do?

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 […]

31 Jan 2014

4 Common Myths of Bankruptcy Dispelled

If you are at or nearing the point of declaring personal bankruptcy you may be feeling scared, confused, angry, or sad.  The information available in the media and advice you may get from friends and family is overwhelming and much of it negative.  What follows are some of the common myths of bankruptcy and the […]

28 Jun 2013

How to Get Rid of a Mortgage When Filing for Bankruptcy

When filing for bankruptcy, there is a way to get rid of a mortgage loan. There are two types of bankruptcy; Chapter 7 and Chapter 13 that take into account different types of mortgage debt. What is a mortgage? A mortgage is a loan; it is a legal agreement signed through a bank or other […]

18 Jun 2013

Top Five Things to Do Before Filing for Bankruptcy

The bankruptcy process is demanding and emotional. Bankruptcy is designed to provide a new start, but keep in mind that the process is complicated.  What follows are the top five things to do before filing for bankruptcy. These guidelines will make the process smoother and less stressful.

19 Feb 2013

A Credit Card Company Has Filed a Lawsuit Against Me, What Do I Do?

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 […]