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Bankruptcy Statistics

News Flash! November 8, 2010 —Bankruptcy cases filed in federal courts for fiscal year 2010, the 12-month period ending September 30, totaled 1,596,355, up 13.8 percent over total FY 2009 bankruptcy filings of 1,402,816, according to statistics rel… Read More
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Ten Bad Habits

I was searching the web today and I came across a very interesting and informative article which relates to bankruptcy.  It was called Ten Bad Habits That Lead to Bankruptcy.   Many consumers in Maryland with high credit card debt could have tak… Read More
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Thankful for Bankruptcy Laws

Hey folks.  I just wanted to take this opportunity to wish anyone who might be reading this blog a Happy Thanksgiving.   In two days it will be Black Friday, yes, the most popular day to run up credit cards of the year.    I will actully be wor… Read More
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bankruptcy statistics for october, 2010

National Bankruptcy Research Center October 2010 Bankruptcy Filings Report The raw numbers suggest that bankruptcy filings in October rose slightly from the previous month (to 132,000 from 130,000). But that trivial increase suggests a substantial b… Read More
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Chapter 7 Median Income Effective Today

New Median Family Income Numbers For Bankruptcy Effective November 1, 2010 The new median family income numbers used for determining whether a debtor can file a Chapter 7 bankruptcy went into effect today, November 1, 2010. The numbers are provided… Read More
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Foreclosures in Maryland

Revelations that attorneys at two Maryland firms had other people sign their names to foreclosure documents brought a rebuke Wednesday from the O’Malley administration, which called the practice a “potential example of further mishandling… Read More
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Things Not To Do When Considering Bankruptcy

At the Maryland Bankruptcy Center, our lawyers are always trying to educate ourselves so that we can pass on important information to our Chapter 7 and Chapter 13 client’s.  I saw this article on a great consumer bankruptcy website and I thoug… Read More
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Why do we call bankruptcy Chapter 7?

Very few people know why the type of personal bankruptcy that eliminates a persons debts is called CHAPTER 7.  Well, here’s the answer.  There is huge volume of books that contain all of the laws that our Federal Government passes.  Those b… Read More
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Glossary of Bankruptcy Terms

Bankruptcy terms can be difficult to understand.  Below are brief definitions of the terms used in this site and in the Bankruptcy Code. If you have any questions, please feel free to contact us. 410-766-4044. Adequate protection:Payment to a secure… Read More
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What does "debts discharged" mean?

What does “discharged” mean? The goal of a bankruptcy proceeding is to obtain a discharge of debts.  When a debt is discharged, it is no longer enforceable against the debtor personally. Personal liability When you have personal liabilit… Read More
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