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When you file for bankruptcy, you can get your finances back to square one. However, once you file, you cannot file again for a set number of years after your discharge. This means that you need to be very careful with your finances. You have to create a budget and stick to it. Creating a budget means balancing your expenses and income so that you make equal to or more than your expenses. U.S. News and World Report explains that you should begin by looking

When people in Maryland fall behind on their bills and become overwhelmed by debt, a Chapter 13 bankruptcy begins to look like an attractive option. One of the most appealing aspects of this is that people generally get to keep their assets. Instead of having them seized and sold, they may instead reorganize their debt until they catch up on payments. However, many people who file Chapter 13 find it difficult to keep up with even reorganized debt payments. So, what then? According to Bankrate,

Overwhelming medical or health-care expenses are the causes behind two-thirds of the individuals filing for bankruptcy protection in Maryland and across the nation. If you are contemplating bankruptcy because of medical reasons, you are joined by approximately 530,000 other families, as reported by CNBC.  It is not too surprising that 66.5% of personal bankruptcies are the result of taking time off from work for medical issues or the high costs of seeking uncovered health-care treatment. Researchers found that some employers provide inadequate health insurance that

If you are having trouble paying your debts, filing bankruptcy in Maryland may be your best option. While you have options for the type of bankruptcy you can file, Chapter 13 gives you the option of working out a plan to keep the assets you have securing debts, such as your home or vehicle, according to NerdWallet. Since this type of bankruptcy does require making payments on a regular basis to pay debts, you do need to have a regular income. In a Chapter 13

People who have filed for bankruptcy are often aware of the impact it can have on their credit report. Once the bankruptcy is discharged, it can be challenging for debtors to find ways to rebuild their credit. Some credit card companies focus their efforts on enrolling people who have filed for bankruptcy, highlighting the benefits that having a credit card can have when rebuilding credit and increasing their credit score. It is important that debtors are aware of the dangers certain credit cards bring, as