Due to the outbreak of the coronavirus many people are wondering what the impact of it may have on their bankruptcy case. This is a very good question as many the courts have had to adjust their rules in light of the global pandemic. At the Law Offices of Nicholas J Del Pizzo, a Baltimore […]
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Why filing for Chapter 13 is more beneficial than Chapter 7
You have examined all of your options and you have decided it is best that you file for bankruptcy. You may have initially intended to file for Chapter 7 and then learned that you likely wouldn’t qualify. That is okay, it just means that you have sufficient resources and earning power and that while you […]
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Bankruptcy for Married Couples
When there are consistently more months with expenses then earned income and your financial situation continues to deteriorate due to a job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among these options available is bankruptcy for married couples. If you are married and filing for bankruptcy there […]
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How does filing for bankruptcy affect inheritance?
Deciding to file for bankruptcy is a tough decision. When you are overwhelmed by debt, it can be the right thing to do. Filing for Chapter 7 or Chapter 13 bankruptcy can help you get out from under your debt and move forward on more stable financial ground. However, bankruptcy is not an easy process. It […]
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How much debt is needed to file for bankruptcy?
No matter how hard a person may try to pay bills on time, and in their full amount, debt can still creep up on someone and completely overwhelm them. Generally in the form of an unexpected life event such as a car accident or an extended stay in a hospital. Other times it can be […]
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What is an automatic stay in Chapter 13 Bankruptcy
Before someone files for Chapter 13 Bankruptcy their creditors may be contacting them nonstop regarding their debt whether it is via email, letters through the mail, or even phone calls. An automatic stay is an order given from the U.S. Bankruptcy Court that is issued to your creditors that you have begun the bankruptcy process. […]
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What documents do you need to file Chapter 13 Bankruptcy?
In order to successfully file for Chapter 13 Bankruptcy, you will need to provide a significant amount of information to show the U.S. Bankruptcy Court System that require debt relief. It is always best to work with an experienced Baltimore Bankruptcy Attorney, because he or she will be able to compile that list of information […]
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What property can you keep when filing for Chapter 13 Bankruptcy in Maryland?
When someone files for Chapter 13 Bankruptcy in Maryland they are entering into a 3 to 5 year repayment plan to all of their creditors who have a claim against them. There are many reasons why people file for Chapter 13 Bankruptcy in Maryland such as: It helps to prevent foreclosure on a home It […]
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Will I have to appear in Bankruptcy Court?
For many Baltimore residents, bankruptcy is a way to help re-establish a firm financial stability after dealing with a personal economic crisis. One question that often arsis however during the process however is, will I have to appear in Bankruptcy Court? Often times people who file for bankruptcy are afraid of the process or the […]
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Can I file for bankruptcy again?
When many of us hope to never face a financial crisis, there are some who will face more than one in their lifetime. Often times life events such as an illness, or losing one’s job can lead to bankruptcy and seeking a fresh start financially. You may find yourself asking, can I even file for […]
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