Bankruptcy for individuals can become complicated
No two Maryland families who seek bankruptcy protection will have the exact same set of needs. Each case is unique and is the result of the particular circumstances of the individual or individuals who are seeking debt relief. In many cases, bankruptcy for individuals can become highly complex, especially when business interests are involved. An […]
Chapter 7 bankruptcy protection for business owners
When most people in Maryland think about Chapter 7 bankruptcy, they only consider the benefits that are available to individuals who are looking to eliminate personal debt. Chapter 7 is also a powerful tool for certain business owners, and it gives some the chance to combine a personal and business bankruptcy into one process. Individuals […]
Considering consumer bankruptcy during the holidays
As the holiday season continues, many Maryland families struggle with finances. The pressure to purchase gifts, attend celebrations and create memorable holiday feasts is enormous. When there is already financial strain in place, the end of the year can escalate the matter. Many people will give their finances a close look this holiday season and […]
Loan consolidation and consumer bankruptcy
Many adults carry student loan debt well into their post-college lives. For some, this obligation, combined with other expenses, creates a serious financial strain. Those looking for debt relief have a number of options, including consumer bankruptcy and loan consolidation. The two approaches are not mutually exclusive, although many Maryland residents hold that misconception. When […]
Bankruptcy protection may resolve overwhelming credit card debt
It has been reported that most consumers nationwide, including in Maryland, are burdened with credit card debt that they would likely prefer not to have. In fact, the average credit card debt per household is reported to be at least $15,000. Unfortunately, some consumers wait too long before trying to tame credit card debt. Eliminating […]
Bankruptcy protection can help consumers avoid scams
For Maryland residents who are having serious financial troubles, the need for debt relief can be pronounced. Many people will go to great lengths to extricate themselves from financial strife, including signing on for questionable debt settlement offers. News of a recent federal court ruling against one such company may leave many consumers considering bankruptcy […]
Hockey player wants to alter his consumer bankruptcy filing
Many Maryland hockey fans are familiar with Jack Johnson, a defenseman in the National Hockey League. Johnson has made recent headline not for his skills on the ice, but over what has become a very contentious consumer bankruptcy filing. Most recently, Johnson is trying to convert his Chapter 11 filing into a Chapter 7 case, […]
No shame for Maryland businesses in Chapter 11
Filing for bankruptcy is never a joyous occasion, but business owners should avoid thinking of the matter as an indication of failure. In fact, research conducted by the U.S. Small Business Association revealed that many businesses with fewer than 500 employees emerged from bankruptcy to find new levels of success in the years to follow. […]
Don’t let consumer bankruptcy impact your business
When a business owner needs to seek personal bankruptcy protection, one of the chief concerns is how that decision might affect the business. While most consumer bankruptcy outcomes will greatly improve the lives of those who file, there are negative repercussions that can come when a business owner is placed under the stress of juggling […]
Scams make consumer bankruptcy an attractive option
When it comes to the chance to rob consumers of their hard-earned money, few industries are as attractive as that of debt relief. Individuals who are struggling under heavy debt loads will go to great lengths to ease that stress, up to and including signing up for questionable debt relief offers. Many of these consumers, […]