Man charged with fraud in consumer bankruptcy filing
Bankruptcy protection is a powerful financial tool, and one that can be a lifesaver for individuals and families who are drowning in debt. However, in order to achieve the benefits of a consumer bankruptcy, there are a multitude of rules that must be closely followed. For those in Maryland and beyond who fail to adhere […]
Avoiding consumer bankruptcy could be a bad move
When considering options for debt relief, many in Maryland consider bankruptcy to be their least advisable choice. This is largely based in a range of beliefs about consumer bankruptcy that are not based in actual fact. A recent report took a look at the effects of the most recent bankruptcy reform of 2005, and the […]
Can a successful Chapter 13 discharge ease debt?
In troubled economic times, virtually no one is immune to financial difficulties. Even Maryland residents who have worked hard to amass a solid base of income and assets can be at risk of serious financial strain. For many, the most sure path back to financial stability lies within the Chapter 13 discharge process. Understanding the […]
Medical debt and consumer bankruptcy statistics
Many Maryland readers are aware that high levels of medical debt can lead to serious financial difficulties. However, few understand how researchers compile the data needed to make such a claim. The following information is offered in the hopes of clarifying the methods used to determine which financial stressors can contribute to the decision to […]
New bill would include student loans in bankruptcy protection
Most Maryland consumers are aware that student loans are not currently eligible for discharge through consumer bankruptcy. This may change, however, if newly proposed legislation is passed through the House and placed into effect. The Discharge Student Loans in Bankruptcy Act proposes allowing educational loans to be included within the scope of debts that are […]
Is the time right to seek bankruptcy protection?
Deciding when financial strain has reached an unmanageable level can be a difficult task. It is hard to know when the situation has reached a point at which looking at bankruptcy protection is the best course of action. In the weeks following the beginning of a new year, addressing financial concerns is on the top […]
How long will consumer bankruptcy remain on credit?
The decision to file for bankruptcy is never a simple or easy choice to make. However, many Maryland residents find that the benefits of bankruptcy offer the best available path out of unmanageable debt. Once the decision has been made to file for consumer bankruptcy, many wonder how long that choice will impact their financial […]
Choosing a credit card after consumer bankruptcy
For many in Maryland, one of the top post-bankruptcy priorities is rebuilding a positive credit history. This is best achieved by making responsible use of new lines of credit, as well as making timely payments on any debts that were not discharged through the consumer bankruptcy process. Knowing which forms of credit to pursue after […]
Consumer bankruptcy and zombies: The risk is real
Going through a bankruptcy can be a tumultuous time in the life of a Maryland resident. There are a great many decisions that must be made in a limited range of time, and having to trudge through the paperwork involved can be a chore in and of itself. However, the end result is worth the […]
Certain retirement savings entitled to bankruptcy protection
The decision to file for bankruptcy is never an easy one to make. There are a number of considerations that individuals and families in Maryland must work through before making the decision that seeking bankruptcy protection is the right choice. Often, the impact that such a move might have on existing retirement savings is a […]