Americans added $18.4 billion to their debt load in the second quarter, a 66% increase from the debt they accumulated in the same quarter last year and 368% more than they tacked on in 2009, according to credit card research firm CardHub.com.
In f…
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I want to give you all an idea of the bankruptcy process. I’ll try to keep this simple and cover only the “normal” case and not cases involving objections from creditors and other complications.
Once you’ve chosen a Maryland b…
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Hi folks. Most people who need to file Chapter 7 Bankruptcy in Maryland have heard of it, and no a little bit about it, but don’t know how it works. Well, here it is, the process, which is pretty much the same in every case.
Once you deci…
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What is a bankruptcy discharge?
The typical consumer files a bankruptcy case in order to obtain a “discharge” of overwhelming debt. An unfortunate word that is used to describe what for many is a life changing “event”. Why?
Wh…
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Think about this:
Just because you can pay your minimum payments each month, does not mean you are financially fit. Low monthly minimum payments benefit the credit card company, the “minimum amount due” is cleverly calculated to keep you…
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Maryland Enacts Foreclosure Mediation Law. On April 13, Maryland Governor Martin O’Malley signed a law (H.B. 472) giving homeowners the right to mediate foreclosure with a neutral third party and requiring lenders to conduct loss mitigation ana…
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