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Can bankruptcy protection help with old or unknown debt? It is now a growing trend to see older Americans facing debt from student loans, even from decades ago, that may have been neglected, forgotten or not known. As this becomes more common, some of these individuals may explore the option of bankruptcy protection to discharge certain debts. There are a growing number of people who are facing garnishment of their Social Security checks. In 2013, this number totaled 156,000 Americans, including those in Maryland. Retired

There are a number of signs that suggest that an individual’s debt scenario has reached a critical level. One of those signs is an immediate and intense sensation of dread when the phone rings. For those in Maryland who have fallen seriously behind on their bills, collections calls can lead to a high level of anxiety, which can in turn lead to a number of problems related to health and happiness. Fortunately, there are a number of solutions available, up to and including seeking bankruptcy

When a Maryland resident falls ill or is seriously injured, the cost of receiving necessary medical treatment can be astounding. As the patient and his or her family work to adjust to the physical aftermath, the bills begin rolling in. Often, it seems as though there is no way out of the spiraling medical debt scenario. It is possible to negotiate with medical service providers, which can help reduce the costs associated with an illness or injury. However, It is important to know that consumer

The end of a marriage brings a number of changes. One prime example lies in one’s financial standing in the years following divorce. In some cases, the outcome of the property division process is financially disastrous, leaving a Maryland resident in need of bankruptcy protection. This is due to the fact that property division includes the division of not only marital assets but marital debt, as well. For those in Maryland who are preparing to divorce, it may be possible to alleviate debt issues by

Once the decision has been made to seek bankruptcy protection, a number of changes will take place. Understanding what to expect within a consumer bankruptcy is important for those in Maryland who will go through this process, and it can greatly relieve stress and anxieties connected to the event. Once the process is underway, the individual who filed becomes the Debtor; all of the entities to which he or she owes a debt become Creditors. The bankruptcy court appoints a Trustee to oversee the case.

Few Maryland consumers relish the thought of having to file for personal bankruptcy. Before reaching that decision, many will try a number of debt relief options. Some repayment strategies are inherently better than others, and savvy consumers will research the available options before choosing a course of action. Many will find success, but there are some financial circumstances in which consumer bankruptcy offers the best choice for immediate and lasting debt relief. One means of repaying financial obligations involves taking a military approach to debt

When faced with high levels of credit card debt, Maryland consumers must make a series of decisions about how to handle their financial issues. There are a number of debt relief options available, including repayment of existing accounts, debt consolidation and consumer bankruptcy. Each solution offers a range of pros and cons, and wise consumers will balance these factors when choosing a path of action. Some consumers will try to pay down their credit card debt. Perhaps the most important aspect of paying off credit

Anyone who has gone through the process of buying a home know what an exciting time is can be. For those in Maryland who face losing their home through bankruptcy, there are a number of fears and concerns surrounding the possibility of ever owning another home after a consumer bankruptcy. It is important to understand that many people emerge from bankruptcy in a vastly improved financial state, and go on to buy another home. Doing so requires attention and effort, but is an achievable goal.

When a Maryland resident is going through a period of financial strife, there are a number of actions that can be taken. Most consumers are aware that filing for consumer bankruptcy is one means of addressing high levels of outstanding debt, but many people want to avoid this path. There are a number of misconceptions that surround bankruptcy, leaving many individuals willing to try virtually anything to avoid filing. The following tips are offered in the hopes of helping those who are looking for other

For many Maryland college students, the time leading up to graduation is one filled with excitement and hope for the future. Some are lining up jobs, while others are preparing for graduate study. For those who have taken out student loans to fund part or all of their education, concerns over their ability to repay these obligations can cast a pall over their plans for the future. For some, consumer bankruptcy may offer a form of financial relief, and the ability to repay their student