Landover Bankruptcy Law Blog
Options for addressing credit card debt
Credit card debt can become a big problem for a Landover resident who cannot make their payments. As a credit card balance sits unpaid with only the minimum payments made each month, it can quickly balloon into a massive amount due to interest and fees. Maryland...
What is the means test of Chapter 7 bankruptcy?
Bankruptcy is a legal process that offers debtors an opportunity to eliminate some or all their outstanding debts. When a Maryland resident is ready to consider their bankruptcy options, they can benefit from speaking with a knowledgeable legal professional who offers...
How can exemptions help me in a bankruptcy?
The idea behind a bankruptcy is to give a person a fresh financial start. While this means that the process should give a Maryland person some relief from debt, a fresh financial start will not mean much if to get it, a family gets left without any property and funds...
Foreclosure prevention programs may be extended into 2022
In 2020, the federal government and lenders rolled out programs that allowed homeowners who could not pay their mortgage to suspend payments or get a forbearance without having to face foreclosure. Now, as these programs are set to end at certain points in 2021, the...
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...