What is a bankruptcy discharge? The typical consumer files a bankruptcy case in order to obtain a “discharge” of overwhelming debt. An unfortunate word that is used to describe what for many is a life changing “event”. Why? When a debt is “discharged”, the obligation of the debtor to pay it, no longer exists. The […]
Think about this: Just because you can pay your minimum payments each month, does not mean you are financially fit. Low monthly minimum payments benefit the credit card company, the “minimum amount due” is cleverly calculated to keep you trapped in debt for your entire adult life. Do you really want to spend the best […]
I have noticed a trend in the last few weeks. More and more people are calling for help with their overdue credit cards bills, medical bills and wage garnishments. I think that due to the recession, Chapter 7 bankruptcy’s are going to increase by approximately 20% in 2010. We shall see, I’ll keep you posted. […]
Did you know that Chapter 7 bankruptcy, if you qualify, will completely eliminate your credit card bills and all of your other debt? Yes, it’s true, and there is nothing that the credit card companies can do about it. Alot of people think that they will have to eventually pay back their credit cards after […]
Maryland Enacts Foreclosure Mediation Law. On April 13, Maryland Governor Martin O’Malley signed a law (H.B. 472) giving homeowners the right to mediate foreclosure with a neutral third party and requiring lenders to conduct loss mitigation analyses before foreclosing home loans. The law applies to 1-4 family residential properties occupied as the borrower’s primary residence […]
