22 Oct 2011

Why Filing Bankruptcy is Better Than Debt Credit Counseling

I saw this article today and had to pass it along.  It is very true and I couldn’t have said it better myself. Is Credit Counseling a Step in the Right Direction? Credit counseling most often involves consolidating outstanding debts as much as possible and then developing a negotiated repayment plan for a reduced payment […]

16 Oct 2011

Secured v. Unsecured Debts

As a Maryland bankruptcy attorney I have found that many of my clients have misconceptions about which types of debts can be discharged in bankruptcy. I feel every consumer should be educated about which types of debts can be discharged before deciding to file for bankruptcy. Secured vs. Unsecured Debts I have found that a […]

25 Sep 2011

Credit Card Debt Surges by $18.4 billion in second quarter

Americans added $18.4 billion to their debt load in the second quarter, a 66% increase from the debt they accumulated in the same quarter last year and 368% more than they tacked on in 2009, according to credit card research firm CardHub.com. In fact, the last time consumers charged up this much debt during this […]

25 Sep 2011

If I file for bankruptcy, will I lose my property?

Simple answer.  No.  If you file for Chapter 7 bankruptcy in Maryland, you will not lose all of your proprety, in fact, you will not lose any of your property.  This is possibly one of the biggest misconceptions about bankruptcy in Maryland.  When you file, you can protect a certain amount of property and still […]

25 Sep 2011

Comparing Chapter 7 to Chapter 13 Bankruptcy

To help you fully understand the difference between filing Chapter 7 Bankruptcy in Maryland and Chapter 13 Bankruptcy in Maryland, I will explain some of the major differences. In Chapter 7 Bankruptcy in Maryland, you ask the bankruptcy court to discharge most of the debts you owe.  Those debts include credit card bills, medical bills, […]

20 Aug 2011

Medical Bills Drive Americans to Bankruptcy

I saw this article online today. A few months ago I spoke about this on television. Very interesting stuff. Call or e-mail me if you need a Maryland Bankruptcy lawyer/attorney to file bankruptcy for you. Medical Bills Drive Americans Into Bankruptcy As Many Struggle To Pay Debt The Huffington Post William Alden First Posted: 8/19/11 […]

25 Jun 2011

Bankruptcy – No Guilt Necessary

People from all around the entire Baltimore and Washington areas call us each day to discuss their bankruptcy options.   Many time, people begin the conversation to explain why they need to file bankruptcy and for how long they have tried to put it off.  They often feel guilty about it, feeling as if they are […]

18 Apr 2011

Bankruptcy Statistics

The Number of Bankruptcies are Falling The number of national consumer bankruptcies have fallen 6% in the first quarter of 2011.  There were 340,012 consumer bankruptcy filings from January 2011 to March 2011, which was down from 363,215 last January 2010 to March 2010.  This is according to the American Bankruptcy Institute using data from […]

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 Feb 2011

Holiday Season and Tax Refund Time

It is the first week of February and the phones at the Maryland Bankruptcy Center have been ringing off the hook.   I am a Maryland Bankruptcy lawyer.   I earn my living helping Maryland residents file Chapter 7 and Chapter 13 bankruptcy.   February is the busiest time of the year for bankruptcy filings.  Why?  Good question.  […]