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Chapter 13 for Maryland residents

People who find themselves struggling with their debt situation might consider filing for bankruptcy. Those unable to file for Chapter 7 may consider filing for Chapter 13 bankruptcy in Maryland. Understanding basic points about Chapter 13 might help debtors prepare...

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Is Chapter 7 worth pursuing?

Chapter 7 bankruptcy provides a way for Maryland debtors to address their financial obligations. Debtors may wish to think about whether Chapter 7 is right for them. Liquidation and other issues Chapter 7 involves liquidating cash and property to pay creditors. One...

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How an involuntary bankruptcy works

The U.S. bankruptcy code authorizes involuntary bankruptcy as a solution for Maryland creditors in certain situations. This type of bankruptcy can apply to a personal or business debtor, although it is mainly used for businesses. Minimum claim amounts and other...

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Exploring Chapter 7 exemptions

Filing for Chapter 7 bankruptcy may allow you to reduce or eliminate credit card balances, medical bills and other types of unsecured debts. In some cases, you may be able to do so without losing a home, car or other property. Alternatively, the law may allow you to...

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