03 Apr 2011

Do You Need a “Good” Reason to File Bankruptcy?

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 […]

23 Mar 2011

Credit Card Debt On The Rise

Americans boosted their credit card balances in December for the first time in more than two years, a shift that may help explain the strength in holiday spending. Total credit card debt outstanding on Dec. 31 was a seasonally adjusted $800.5 billion, an increase of $2.3 billion from a month earlier, or 3.5% at an […]

06 Mar 2011

Explanation of the Bankruptcy Process

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 […]

10 Dec 2010

The Chapter 7 and Chapter 13 Bankruptcy Process

I want to give you all an idea of the bankruptcy process. I’ll try to keep this simple and cover only the “normal” case and not cases involving objections from creditors and other complications. Once you’ve chosen a Maryland bankruptcy attorney, provided all of the documentation requested, and paid the required fees, it’s time to […]

09 Dec 2010

Ten Bad Habits

I was searching the web today and I came across a very interesting and informative article which relates to bankruptcy.  It was called Ten Bad Habits That Lead to Bankruptcy.   Many consumers in Maryland with high credit card debt could have taken steps to prevent it.  At the Maryland Bankruptcy Center we will not only […]

25 Nov 2010

Chapter 7 and Chapter 13 Bankruptcy Statistics

November 08, 2010 October Filings Hold Steady   2007          2008         2009         %         2010        % Jan 55,200 70,300 89,000 27% 102,600 15% Feb 58,800 79,500 102,000 28% 117,800 15% March 73,100 90,400 131,000 45% 159,200 22% April 67,800 93,200 128,700 38% 146,200 14% May 69,900 89,700 120,400 34% 133,500 11% June 67,300 […]

25 Nov 2010

Thankful for Bankruptcy Laws

Hey folks.  I just wanted to take this opportunity to wish anyone who might be reading this blog a Happy Thanksgiving.   In two days it will be Black Friday, yes, the most popular day to run up credit cards of the year.    I will actully be working in my office on Black Friday meeting new […]

17 Nov 2010

Foreclosures in Maryland

Maryland’s courts adopted a rule to make it easier for homeowners in foreclosure proceedings to challenge lenders’ documents that they believe are fraudulent. The rule, approved by the Court of Appeals of Maryland today, can shift from homeowners to lenders the burden of proving documents are legitimate. Hundreds of inaccurate or fraudulent affidavits have turned […]

03 Oct 2010

Things Not To Do When Considering Bankruptcy

At the Maryland Bankruptcy Center, our lawyers are always trying to educate ourselves so that we can pass on important information to our Chapter 7 and Chapter 13 client’s.  I saw this article on a great consumer bankruptcy website and I thought I would pass it on.  Check it out.  And if you have any […]

18 Sep 2010

Thankfully, Bankruptcy Is Still Available

This economy stinks. According to an article I read in the Baltimore Sun, more Americans are living in poverty and without health care. The good news, Chapter 7 and Chapter 13 personal consumer bankruptcy is still available to all Marylanders. Call or e-mail us if you need a Maryland Bankruptcy attorney to help you choose […]