At the Maryland Bankruptcy Center, we tell at least 1 person per day that they are NOT eligible to file bankruptcy or that bankruptcy is not a good idea. On the other hand, we tell most people who call that filing bankruptcy in Maryland is the right…
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Mortgage Assistance companies and credit counselors are not lawyers and they can’t explain the legal ins and outs about the bankruptcy laws. Not that they want to, because telling someone to see a lawyer about Chapter 13 bankruptcy might be a bette…
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Bankruptcy is very often a time-sensitive process and pre-bankruptcy planning can be critical in protecting assets. Chapter 7, in particular, the trustee’s responsibility is to “look back” at the actions the debtor has taken to insure that ther…
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Today I saw this information posted on a really good bankruptcy blog from a North Carolina attorney. She really seems to know her stuff. I would like to share her article with you, it addresses bad information that people have heard regarding perso…
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The last few years have brought about economic changes that Americans were not prepared for and had not experienced in their lifetime. For many people, financial security disappeared as home values plunged, jobs were lost, debts rose, and help…
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The Number of Bankruptcies are Falling
The number of national consumer bankruptcies have fallen 6% in the first quarter of 2011. There were 340,012 consumer bankruptcy filings from January 2011 to March 2011, which was down from 363,215 last Januar…
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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,…
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There is one question that people always ask when they come in to my office to file a Chapter 7 or Chapter 13 Bankruptcy. They are concerned, and rightfully so, about whether or not they are going to be able to buy a car, buy a house or even get…
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Filing Bankruptcy in Maryland is becoming more and more popular. The effects of the “great recession” that began in 2008 are in many cases hitting consumers now. Although some of our counties are among the richest in the nation, most…
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In most states, including Maryland the answer is yes a second mortgage can foreclose if in default. The practical difficulty is that many junior mortgages are partially or wholly under water. This makes foreclosure all but impossible. In the…
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