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 […]
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 […]
There is one question that people always ask when they come in to my office to file a Chapter 7 or Chapter 13 Bankruptcy. They are concerned, and rightfully so, about whether or not they are going to be able to buy a car, buy a house or even get another credit card after they […]
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. […]
Filing Bankruptcy in Maryland is becoming more and more popular. The effects of the “great recession” that began in 2008 are in many cases hitting consumers now. Although some of our counties are among the richest in the nation, most Maryland residents (was well as most Americans), live paycheck to paycheck. When the recession hit, […]
If you’ve got a judmgent against you for an unpaid credit card debt, personal loan, medical bill, or similar debt then you may be thinking that filing for Chapter 7 or Chapter 13 personal will solve the problem. Well…..you are CORRECT! A judgment is a common reason for Maryland residents to consider filing for bankruptcy. In Maryland […]
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 […]
News Flash! November 8, 2010 —Bankruptcy cases filed in federal courts for fiscal year 2010, the 12-month period ending September 30, totaled 1,596,355, up 13.8 percent over total FY 2009 bankruptcy filings of 1,402,816, according to statistics released today by the Administrative Office of the U.S. Courts. While non-business bankruptcy filings continued to rise in […]
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 […]
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 […]
