Deciding whether or not to file for bankruptcy in Maryland may be a tough decision to make. In order to make an informed decision it helps to know how filing for bankruptcy will affect you now and in the future. Here is a list of some Maryland bankruptcy basics: Maryland Bankruptcy Positives: Filing for bankruptcy may make it possible to: 1. Eliminate the legal obligation to pay most, if not all, debts. 2. Stop foreclosure on a home and allow for the debtor an opportunity to cure a … [Read more...]
Getting A Mortgage After Bankruptcy
July 13, 2011 By
Getting a Mortgage After Filing Bankruptcy I saw this article on AOL today and thought I would pass it on to anyone who is thinking about filing bankruptcy or has filed bankruptcy. When I first started working with Charlie (not his real name) in 2005, his bankruptcy had just been discharged, meaning his remaining debt was cleared. His credit score was 526, and he didn’t think he had a chance to even get a credit card. Charlie’s bankruptcy filing was needed after a difficult divorce … [Read more...]
High Profile NBA Bankruptcies
July 13, 2011 By
I am a big NBA fan and I thought that this was interesting and would share it with you. High Profile NBA Bankruptcies Point guard Kenny Anderson earned an estimated $60 million during his NBA career after playing for nine different teams. He was married three times throughout that period, and the his first wife, Tami Akbar, walked away with $5.8 million and $8,500 a month in child support. Anderson was also supporting six other children, two other ex-wives, and was making monthly payments … [Read more...]
Bankruptcy – No Guilt Necessary
July 12, 2011 By
People from all around the entire Baltimore and Washington areas call us each day to discuss their bankruptcy options. Many time, people begin the conversation to explain why they need to file bankruptcy and for how long they have tried to put it off. They often feel guilty about it, feeling as if they are doing something wrong by contacting a lawyer for bankruptcy help in Maryland. Well, I am here to tell you that you are not. Bankruptcy relief has been a foundation of the laws in the … [Read more...]