BLOG

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 offer the fastest and most certain path back to solid ground. Of course, not all debt is created equal, and owing money on a home, student loans or a vehicle

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. An example is found in a man who has been forced to turn his motorcycle over to a trustee as part of his consumer bankruptcy case. The man initially filed

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 the responsible use of credit cards can lead to higher credit scores that are vital in applications for car loans or mortgages. While credit cards have led to mountains of

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 which she played the girlfriend of comedian and actor Martin Lawrence. Despite having a successful acting career and expanding into other creative projects, Campbell and her husband found that they

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 individuals who have seemingly done everything right in managing their money. Take the example of former football player Marques Ogden. He went to Howard University on a football scholarship but

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 offers a path out of overwhelming debt and carries little risk of being scammed out of one’s hard-earned money. Many experts believe that student loan debt relief programs are the

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 also have a higher rate of childhood behavioral problems. For some families, this insight may make it easier to make the decision to file for consumer bankruptcy. The study included

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 repayment plan can be difficult without the necessary information. Procrastinating can only worsen the situation, and the appropriate action may be to consult with an experienced bankruptcy attorney. A consumer

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. For others, consumer bankruptcy is the only path back to financial stability. Few people realize that they have the ability to negotiate with medical care providers. They receive a stack

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 must be made: is it better to attack debt repayment or begin the process of consumer bankruptcy? For those who want to try and pay down their existing credit card