Category: Bankruptcy

nonexempt property in bankruptcy

What Is Non-exempt Property in Bankruptcy?

Whether you’re having difficulty paying off credit card debt, medical bills, or expenses that just can’t be settled, bankruptcy may be the answer. But there is a catch.  If your income is high enough that you have to pay over $166 a month in payments under a Chapter 13 plan,

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what type of bankruptcy is chapter 7

The Most Common Types of Bankruptcies Explained

If you’re seeking a fresh financial start, you may be wondering which type of bankruptcy is right for you. The answer depends on your current finances and your expectations for the future.  You should understand how bankruptcies work before deciding whether to file for one. Below is an outline of

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Chapter 7 vs 13

How to Choose Between Chapter 13 or Chapter 7

Bankruptcy Chapter 7 Vs Chapter 13 – Which bankruptcy is right for you? When you decide to file bankruptcy has a lot to do with what is going on in your life. Some people have medical bills from a surgery they cannot pay for. Another person may have lost their

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Chapter 13 bankruptcy

Are Bankruptcy Chapter 13 Payments Tax Deductible?

Tax-Deductible Chapter 13 Payments There are different ways of dealing with debt settlement and getting a fresh start in life financially. One of these is looking into filing Chapter 13, which is one of the many types of bankruptcy proceedings that may apply to you. Here, whatever is left after

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Towson bankruptcy attorney

How Often Can A Chapter 7 Bankruptcy Be Filed?

Bankruptcy is a lawful way to clear your debts and start over with a clean slate. It is a legal process that helps bankrupt individuals pursue debt settlement and reorganize their finances. Bankruptcy laws may vary from state to state. In Maryland, there are bankruptcy rules that you need to

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Steps In Filing Chapter 7 Bankruptcy

How to Qualify for Chapter 7 Means Test

  Bankruptcy is considered one of the most common debt relief options. It can help you pay off your overwhelming debt to your creditor so you can have a fresh start. It is a legal process that allows you to clear your financial problems, reorganize your finances, and pursue debt

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towson bankruptcy attorneys

What Are Dischargeable Debts in Maryland?

  Bankruptcy means that it is a legal proceeding and right afforded by the Federal Bankruptcy Law that enables an insolvent debtor who cannot pay his creditors so he can have a fresh start. A discharged debt means that you can eliminate or wipe out your liabilities. Once you file

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Towson estate planning attorney

An Overview of Chapter 13 Bankruptcy

A bankrupt individual who is unable to pay back any outstanding debts to creditors may choose to file bankruptcy as the last resort to solve debt problems. When you struggle financially, you become incapable of paying your financial obligations. Bankruptcy can help you pursue debt settlement, restructure your finances, and

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Bankruptcy Filing in Maryland

A Guide on Bankruptcy Filing in Maryland

Bankruptcy gives hope to individuals who are struggling with debt and financial obligations. It gives you a chance to achieve a debt-free life and have a fresh start. Filing bankruptcy will allow you to reorganize your finances, pay off a creditor, and pursue debt settlement. Bankruptcy laws differ from state

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