When individuals and families in Maryland begin accumulating excessive amounts of debt that leaves them with no way to pay their monthly obligations, bankruptcy is often considered their only option. Often times these individuals are filing for bankruptcy for the first time, making the decision very hard since they know very little of the process […]
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Filing for Bankruptcy as a police officer
If you work in law enforcement or are considering a career as a police officer there are some issues that you should be aware of when filing for bankruptcy as a police office. The first thing you must recognize is that transparency is important throughout the entire procedure. If you have bad credit or are […]
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Will filing for bankruptcy in Baltimore affect my job working for the government?
If you are financing financial hardships and work for the government you may be asking yourself, will filing for bankruptcy in Baltimore affect my job working for the government? Getting bank on track financially is a long and hard process, but having an experienced Baltimore Bankruptcy Attorney can help alleviate some of the stress, and […]
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Chapter 13 Bankruptcy for Business Owners in Maryland
If you are a business owner in Maryland that is considering filing for bankruptcy, it pays to know as much as possible about the differences between Chapter 13 Bankruptcy and Chapter 11 bankruptcy. In some ways, Chapter 13 and Chapter 11 Bankruptcy are fairly similar. Each allows you to continue running your business and propose […]
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What is a Chapter 13 Confirmation Hearing?
When you file for Chapter 13 Bankruptcy in Maryland you begin a process that typically takes between 3 to 5 years to complete. The Chapter 13 Bankruptcy process also involves proposing a plan to repay some or all of your creditors. Your repayment plan must be confirmed by the bankruptcy court before it can be […]
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Long Term Financial Advantages to Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a payment plan that lasts between 3 to 4 years. The length of the payment plan can be discouraging for some people, and Chapter 7 Bankruptcy may seen initially more preferable but it is not. There are many long term financial advantages to Chapter 13 Bankruptcy, including some that are not […]
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How to choose a Baltimore bankruptcy lawyer
When you’re thinking of filing for bankruptcy, the first question that runs through your mind is probably: Do I need a lawyer? Can I even afford the services of a Baltimore bankruptcy lawyer? How to do I choose a good Baltimore bankruptcy lawyer? Some people choose to file for bankruptcy all on their own and […]
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When is Chapter 7 Bankruptcy a bad idea?
Bankruptcy is a means to relieve you from the oppression of unpaid debts. However, bankruptcy isn’t always a good idea. There are some instances when filing a Chapter 7 bankruptcy may be a bad idea under certain circumstances. It is a bad idea if your debts are not unsecured. Filing for bankruptcy may be okay […]
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How will filing for bankruptcy affect you?
Before you file for bankruptcy in Maryland, think how it could affect you now and in the future. Filing fees and court fees. If you have trouble making ends meet, paying filing fees and court fees may be an added burden. These may be waived but only upon approval of the court. Appearance in court. […]
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Bankruptcy proceedings are public record Bankruptcy can provide debtors relief from debts that they can no longer pay. The only drawback with bankruptcy is the stigma attached to it. The stigma is due to bankruptcy being a legal proceeding and that it being part of the public record. Bankruptcy affects your credit score and the […]
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