People in Maryland may hesitate to file for bankruptcy. They may fear doing so will brand them as financially irresponsible for years to come.
The economy has been struggling over the past year, but the pain is not spread equally. A lot of Maryland residents have been out of work, while investors and others have been making huge gains. In this kind of situation, personal finances can change and the best laid plans can quickly unravel. If you entered […]
Given the ongoing health crisis and the financial challenges many people in Maryland and across the nation are facing, there has been a long-held expectation that bankruptcy filings would skyrocket. According to the statistics, that has not happened. In fact, there has been a record reduction in bankruptcy filings. Still, people who have managed to […]
Deciding whether to file for Chapter 7 or Chapter 13 bankruptcy can be difficult, as each option has its own advantages and disadvantages. Before you make your decision, you should know that not everyone is eligible for Chapter 7 bankruptcy. Only people that pass the bankruptcy means test will be eligible for Chapter 7 bankruptcy. […]
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A difficult year has left millions of Americans in limbo with limited resources, unpaid bills or job losses. Some are facing wage garnishment, foreclosure or eviction, and their options for getting out of debt are also starting to seem very limited. Some people will consider bankruptcy when they can no longer make their monthly mortgage […]
Marylanders who fall behind on their house payments may have alternatives to filing for bankruptcy. Unfortunately, though, for a number of reasons, sometimes these alternatives are not realistic. For example, the bank may simply have no interest in working out a deal with the borrower. It is therefore important for families in Prince George’s County […]
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