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[nap_names id=”FIRM-NAME-1″], has successfully obtained loan modifications for hundreds of clients since the programs started in 2009. Even before the loan modification programs, we used to get modifications that were more like forbearance agreements, which would give time for the homeowner to pay a little extra with each monthly loan payment to catch up on the back amount. However, this only worked if the homeowner was not too far behind. Now under the HAMP and In-House Loan Modifications sponsored by lenders and loan servicers, there

Many Maryland consumers are faced with high levels of debt. Some of this debt comes from credit card or other forms of borrowing, but many also struggle with high levels of student loan debt. Loan forgiveness is one debt relief option for a select few, but bankruptcy protection can sometimes offer a better fit. In addition, it is possible to fall victim to a range of loan forgiveness scams. Loan forgiveness involves an exchange of services for the elimination of student loan debt. These are

One of the most difficult aspects of filing for personal bankruptcy is the fear of losing one’s hard-earned and highly personal assets. Many people in Maryland put off filing for consumer bankruptcy for fear that they will be required to sell their belongings. In reality, however, most people are able to retain the majority of their belongings, and can also look forward to a fresh financial start once the bankruptcy process has concluded. Each state has its own list of bankruptcy exemptions. These are the

The world is constantly changing and is now moving at a significantly faster rate than in the past. This is why many people in Maryland and other states become upset when a historic business decides to close its doors. One town in the Northeastern United States is now feeling this way after learning that the local paper mill company which had been operating since 1907 has now filed for Chapter 7 bankruptcy, which will result in asset liquidation. Creditors have been attempting to force Great Northern

Many Maryland readers have taken the short road trip to Atlantic City. For decades, the area was one of the few places where legal gambling was available, and the casinos along the boardwalk drew many thousands of visitors each year. Now, Trump Casinos joins other businesses in Chapter 11 as the gambling market expands and the company’s customer base finds alternative venues in which to place their bets. In the recent filing, Trump Casinos has asked the court to approve a number of motions that

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

When a business runs into challenging financial situations, it has several options available. One option is to file bankruptcy, although there are several types of bankruptcies to choose from. If a company wishes to remain in business, the company may want to consider a Chapter 11 bankruptcy. This is what one company recently did and is now working with an investment banking firm in Maryland to help with its reorganization. The company, Prime Choice Foods, is working the with investment firm in order to find