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Preplanning your Bankruptcy

Preplanning your Bankruptcy

You find yourself in a hole of debt, and you can feel that a bankruptcy is going to be in your future, what do you do? Make sure you plan for the future! There are essentially three key items that you need to consider before filing for bankruptcy: The timing of your...
How often is Bankruptcy denied?

How often is Bankruptcy denied?

If a person falls into debt, more than they can pay back, than they will most likely file for bankruptcy in an attempt to clear their debt. But how often are people denied bankruptcy? Why would they be denied bankruptcy in the first place? Let’s discuss some different...

Frequently asked questions about Bankruptcy

How many types of bankruptcy are there?There are two main types of bankruptcy, Chapter 7 and Chapter 13. The other 2 types are Chapter 11, Chapter 12. Most people file for chapter 7 and 13, chapter 7 is recommended to those who may not be able to repay all of their...

Bankruptcy Statistics in Maryland

How common is Bankruptcy? Do you know of anyone who has filed for bankruptcy? It is most likely that you know someone who has gone through the legal process of bankruptcy because of their negligent payments on their credit cards, mortgage, medical bills, etc. But how...