bankruptcy

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...

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...

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...

Accumulating debt could make life challenging for Maryland consumers. Some means exist to address these issues, although circumstances could dictate which one is feasible. Debtors may benefit from learning as much as possible about the different strategies to make a...

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...

Filing for Chapter 7 bankruptcy starts by seeing if you qualify first. Federal law requires Maryland applicants to prove a monthly or annual income by passing a means test. The qualification process is not all that difficult, so many applicants do qualify after...

Chapter 13 bankruptcy differs significantly from Chapter 7. With Chapter 7, filers enter into a liquidation bankruptcy, which mainly involves the trustee selling off non-exempt assets to pay creditors. Some remaining debt becomes subject to discharge. Chapter 13...

Maryland consumers who have trouble paying their debts might want to consider filing for Chapter 13 bankruptcy. This type of bankruptcy involves paying back debts over time, so it's important to properly prepare for your repayment plan. What to know about Chapter 13...

If you're considering bankruptcy in Maryland, you may have heard the term "bankruptcy subpoena." But what is it and how will it impact your case? What is a bankruptcy subpoena? A bankruptcy subpoena is a legal document that orders a person or business to appear in...

Maryland residents who file for Chapter 7 bankruptcy should be open and honest about their finances. Disclosing everything to the bankruptcy trustee may help the process to go more smoothly than it would for someone who tries to hide things. The bankruptcy trustee can...