Drowning in debt, many will seek bankruptcy protection
As more and more Americans find themselves heavily in debt, many will seek avenues back to financial stability. According to many reports, debt levels have increased steadily over recent decades, while incomes have not kept the same pace. For those in Maryland who owe more than they can ever hope to repay, bankruptcy protection might […]
Man in hot water during consumer bankruptcy case
Having the guidance of a trusted legal professional is essential during any type of legal proceeding. Bankruptcy law, in particular, is a complex and every-shifting matter, and individuals in Maryland and other states who are unfamiliar with the rules regarding bankruptcy can find themselves in a great deal of trouble if they break those rules. […]
Bankruptcy protection may allow a fresh financial start
Consumers in Maryland may agree that credit cards are necessary evils in the lives of most people. While many individuals have resorted to bankruptcy protection due to overwhelming credit card debt, those little plastic cards have helped many consumers to buy homes and cars. Not that consumers use credit cards to purchase such items, but […]
Actress and husband seek bankruptcy protection
The recent bankruptcy filing by actress Tisha Campbell and her husband illustrates the fact that anyone can find him- or herself in need of debt relief, even people who have achieved a high level of success within their industry. Campbell is best known for her role as Gina on the hit television show “Martin,” in […]
Successful, educated NFL player sought bankruptcy protection
Often, when the issue of personal bankruptcy comes up, it is viewed as some sort of personal shortcoming. Many Maryland residents believe that the only way that they could require bankruptcy protection is if they made irresponsible choices or squandered their money. In reality, however, anyone can find themselves in need of bankruptcy relief, even […]
Choosing consumer bankruptcy can protect against scams
Many Maryland consumers are struggling under heavy loads of debt. In an effort to regain financial stability, some sign on for debt relief services. While there are companies and organizations that provide legitimate debt relief options, a great many of these companies are little more than scams. It is important to understand that consumer bankruptcy […]
Consumer bankruptcy can ease stress placed on one’s children
Virtually all Maryland parents want to shield their children from harm and will go to great lengths to ensure that they are happy and healthy. What many do not understand, however, is the impact that financial troubles can have on their kids. A recent study suggests that families who carry high levels of unsecured debt […]
Chapter 13 Discharge may resolve overwhelming debt problems
Maryland consumers who are struggling to maintain payments on their debts might have considered personal bankruptcy, but they may have put off filing because they are not entirely informed about the different bankruptcy chapters and the requirements for each. Choosing between a Chapter 7 liquidation bankruptcy and a Chapter 13 discharge bankruptcy that involves a […]
Addressing medical debt: Negotiation or consumer bankruptcy?
Many Maryland consumers are struggling under a mountain of medical debt. Whether through accident or illness, medical care can result in significant expenses. It can be difficult to overcome that financial burden, no matter how hard a consumer tries. In some cases, patients are able to negotiate their medical debt down to a manageable level. […]
Choosing between debt repayment or consumer bankruptcy
As January comes to a close, many Maryland families are faced with bills from the holiday season. Those expenses may lead to a closer examination of the family’s finances, the result of which can be the sobering realization that something has to change. For some, this is the time of year when an important decision […]