Landover Bankruptcy Law Blog
Can you get a mortgage if you have filed for bankruptcy?
People in Maryland may hesitate to file for bankruptcy. They may fear doing so will brand them as financially irresponsible for years to come. However, filing for bankruptcy does not deserve the negative stigma it has. It can be a viable and reasonable way to address...
Three facts consumers should know about the FDCPA
Debt is a normal part of life for many Landover residents. They may have secured debts, such as those attached to their motor vehicles or homes. They may also have unsecured debts, such as those they incur on their credit cards or through medical bills. Debt does not...
Tips for managing medical debt while protecting your credit
Many people in Landover may have experienced significant health issues in 2020 and thus may have racked up a good deal of medical debt that they simply cannot cope with. Unpaid medical debt can derail a person financially. The following are some tips for paying back...
Can I exit Chapter 13 early?
The economy has been struggling over the past year, but the pain is not spread equally. A lot of Maryland residents have been out of work, while investors and others have been making huge gains. In this kind of situation, personal finances can change and the best laid...
Current low rate of bankruptcy filings could change by mid-2021
Given the ongoing health crisis and the financial challenges many people in Maryland and across the nation are facing, there has been a long-held expectation that bankruptcy filings would skyrocket. According to the statistics, that has not happened. In fact, there...
Am I eligible for Chapter 7 bankruptcy?
Deciding whether to file for Chapter 7 or Chapter 13 bankruptcy can be difficult, as each option has its own advantages and disadvantages. Before you make your decision, you should know that not everyone is eligible for Chapter 7 bankruptcy. Only people that pass the...
Loan modification options in a difficult economy
A difficult year has left millions of Americans in limbo with limited resources, unpaid bills or job losses. Some are facing wage garnishment, foreclosure or eviction, and their options for getting out of debt are also starting to seem very limited. Some people will...
How can bankruptcy stave off a foreclosure?
Marylanders who fall behind on their house payments may have alternatives to filing for bankruptcy. Unfortunately, though, for a number of reasons, sometimes these alternatives are not realistic. For example, the bank may simply have no interest in working out a deal...
The repayment plan of Chapter 13 bankruptcy
Financial problems impact Maryland residents for diverse reasons. Unemployment and underemployment hurt families during tough economic times, and unexpected medical bills can quickly wipe out savings for individuals with health crises. Others may simply make bad...
How the automatic stay guards against claims of creditors
Many residents of Maryland who are in financial difficulty have considered the possibility of filing a petition for relief under Chapter 7 of the Bankruptcy Code, but they are dissuaded from doing so by fear of harm to their financial reputation and their standing in...