When struggling with debt, you want to know your options for getting out of it. Bankruptcy is one of the many possibilities available to you. In specific, Chapter 13 bankruptcy offers you a way out. But as a debtor who files Chapter 13 bankruptcy, you have...
Bankruptcy
Bankruptcy
How can Chapter 13 protect your home from foreclosure?
Bankruptcy saves many people from outstanding debts. When you feel like you are suffocating under the weight of your debt and if your home is on the line, you need a way out. If you face foreclosure but still have a stable income, then Chapter 13 bankruptcy may help...
Why are more older adults filing for bankruptcy?
You plan to retire in a few years, and you want to double-check that you have your finances in order. You have heard more and more about elderly bankruptcy and want to avoid becoming another statistic. See why Forbes thinks more older adults file for bankruptcy. When...
Do you have too much debt relative to your income?
For many, buying a home in the District of Columbia requires some financial acrobatics. After all, according to Zillow, the median price for a home in the metro area is currently $641,121. If you have a good credit score, though, securing a mortgage may be possible. ...
Credit card debt, divorce and bankruptcy
There are a number of ways in which credit card debt, divorce and bankruptcy are connected. For example, some marriages fall apart as a result of excessive credit card debt, which often results in frustration, stress and even arguments. On the other hand, if you are...
How do Maryland bankruptcy exemptions work?
If you decide to file for bankruptcy, you can keep certain personal items. These assets, called exemptions, include your home, retirement accounts and personal items. Review the applicable laws in Maryland about exemptions before moving forward with a bankruptcy...
Filing for bankruptcy a second time
While bankruptcy is a legal process, it is also a method to alter a person’s life for the better when it comes to addressing financial qualms. It is easy to want debt relief, but it is difficult for you to process the methods available to do this. The word bankruptcy...
Understanding the differences between Chapter 7 and Chapter 13
The economic crisis of the past few months is taking its toll on many people in Maryland. While state and federal programs have helped, some of these programs will soon expire, leaving many people struggling to pay their bills. If they have outstanding debt -- and...
I lost my job. Will I need to file for bankruptcy?
The pandemic of 2020 has created financial troubles for many. Some of the financial problems are caused by being laid off or furloughed. If you and your family have been hard hit by the pandemic through job loss and mounting debt, you probably looking for answers...