If debt keeps piling up after a job loss, divorce, illness or another financial setback, you may start looking for a way to regain control. Collection calls may continue day after day, and you may worry about losing your home or falling behind on basic expenses. At...
When something unexpected happens that causes you to become overwhelmed with debt, bankruptcy might be a good option. Bankruptcy allows you to discharge your qualifying debts and start over or set up a payment plan to pay off your debts. Bankruptcy can be a wise...
There are many steps and requirements to the bankruptcy process in Maryland. One of these is appearing in court for a meeting of creditors. A meeting of creditors, sometimes called a 341 hearing, is generally held between four to six weeks after you file for...
Chapter 13 bankruptcy can be a good option when you are facing overwhelming debt but own a home that you want to keep. Unlike Chapter 7 bankruptcy, which discharges qualifying debts, Chapter 13 bankruptcy allows you to pay off your debt through a three-to-five-year...
When you’re facing overwhelming debt, it can hard to see a light at the end of the tunnel. In fact, you might’ve spent the last several years trying to claw yourself out of debt only to fall deeper into the hole. But dipping into your retirement savings, toiling away...
People in Maryland who are confronted by financial challenges might automatically dismiss the idea of bankruptcy. There are ingrained beliefs about the bankruptcy process and what happens to a person’s finances in the aftermath. However, many are misunderstood or...
If you’re dealing with overwhelming debt and have found your way to our website, you’re probably thinking about pursing personal bankruptcy. But if you’re like a lot of people, you’re probably also concerned about what the process entails. After all, most people don’t...
A bicameral bill has been introduced in Congress that aims to improve our nation’s bankruptcy system. Arguing that the current bankruptcy system is too complicated and puts minorities at a disadvantage, the supporters of the bill propose the Consumer Bankruptcy Act of...
Declaring bankruptcy is never an easy step and can feel not only demoralizing but extremely daunting. However, in a challenging economy with fluctuating markets, filing for bankruptcy is more common than you might think. The first thing you need to do is find a...
When you’re contemplating bankruptcy, it might seem contradictory to add to your costs by retaining a lawyer. After all, you have the right to file without help from a legal professional. However, unless your situation is very straightforward and you are very...