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What are some of the reasons Americans file for bankruptcy?

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

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Chapter 7 bankruptcy: the pros and cons

Those who find themselves unable to pay off their debts in Maryland may find themselves faced with the difficult decision of whether or not to declare bankruptcy. There are two types of bankruptcy that individuals typically file under: Chapter 13 and Chapter 7. The type of bankruptcy that is best for an individual depends on his or her unique situation. This article will focus on some of the advantages and disadvantages of Chapter 7. Chapter 7 pros  The Consumer Recovery Network points out that Chapter

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How does Chapter 7 bankruptcy work in Maryland?

If you are struggling financially, filing bankruptcy under Chapter 7 in Maryland may be a solution. According to the United States Bankruptcy Court District of Maryland, Chapter 7 allows you to liquidate your assets in order to pay your debts. But it can be frustrating and confusing to understand how the process works and get the information you need. This may deter you from making a choice that can get rid of overwhelming debt. Sometimes, all you need to gain confidence and begin the process

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Fall can be a good time for a financial checkup

With summer coming to a close and fall starting up, there are certain things individuals may want to give some extra attention. This includes their financial affairs. While summer can be a lot of fun, it can also be expensive. According to a recent survey, the vast majority of Americans (87 percent) indicate that the summer months are when they spend the most on socializing. So, autumn can be a good time for people to do a financial checkup. This can help consumers understand the

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