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For many in Maryland, medical issues have led to the need for serious debt relief. The cost of an unexpected illness or injury can be extreme, and can set many families on a path toward consumer bankruptcy. When medical bills begin rolling in, a tipping point is ultimately reached when an individual’s ability to repay those debts is simply outpaced by new bills. Once that scenario has been reached, the options for lasting debt relief are few. Some believe that healthcare reform could lessen these

Rebuilding your credit can be a difficult thing, especially if Maryland residents are facing accumulating credit card debt, medical debt or other overwhelming expenses. Fortunately, declaring bankruptcy can be a viable option for obtaining a fresh start and eventually rebuilding your credit. It is important to proceed through this process with caution and armed with the correct information. It can be overwhelming to face a large amount of debt. Maryland residents may find themselves facing this situation when they owe more on debts, loans, bills

Being engulfed in a bad financial situation can cause many homeowners to short sell their homes to try to dig their way out of their financial difficulties. Unfortunately, even after a short sale alleviates someone from their mortgage payments, they may still be entrapped in debt. Bankruptcy protection may be the solution for certain Maryland consumers. An example of this financial situation is a man who had a short sale on two homes. At some point in time, the man and his wife ended up

Maryland residents that have been through tough financial times probably realize the difficulties that can result even years after. Rebuilding your credit can be tough for individuals that have had to file bankruptcy because of overwhelming debt. A recent article that discussed a bill that is being considered that could certainly help Maryland residents that are already in a stressful financial situation. Homeowners that have lost their homes can currently be pursued to repay their debt for years after the home has been foreclosed on.

Sometimes, a series of events or just one crippling event can lead a consumer or business owner to a bankruptcy filing. Some Maryland residents can no longer afford to pay their monthly debts or their debts far supersede their household income. In cases like these, Chapter 7 Bankruptcy protection may be the most viable option for a new financial beginning. The owner of an oil company faced financial setbacks and filed for Chapter 7 bankruptcy. The owner, along with his wife, have a joint monthly

Credit cards have long been instrumental tools for Americans to pay for things and “organize” (in a way) their financial situation. At the same time, credit cards can be very risky tools, ones that trap the user in loops of debt that are only spurred on by massive interest payments and late payment penalties. In other words, as helpful as credit cards can be, when they are misused it is inevitable that the user will experience some difficult financial times. This is especially important given

The government shutdown in October did more than just put a lot of federal and military personnel in a tight financial spot — it also affected many businesses and organizations, may they be federally-run or privately-operated. For one private business, Global Aviation Holdings, the shutdown seems to have caused their second bankruptcy of the year. Global Aviation is a military air-charter service. The company is the largest provider of such services to the U.S. military. But with the shutdown in effect, the company’s service was

One inescapable truth about life is that, as we age, we will inevitably run into a variety of health issues. We will need to see our doctor more often; we’ll need more medications and more extensive treatments; we’ll likely need a surgery or two; and our medical bills will climb higher, and higher, and higher. Some elderly people may be able to handle this debt. They have savings and retirement accounts that can help them pay off the debt. However, there are also plenty of

One of the major complaints about having debt (besides having it in the first place) is the strategies and tactics that creditors and collectors employ to try and get the in-debt party to pay up. Many years ago, this could range from constant phone calls at odd times; threatening tones from debt collectors; debt collectors who pose as lawyers or police officers; and numerous other heinous forms of harassment to force the in-debt party to pay. It didn’t matter if the debt was legitimate or