Chapter 7 is known as the “liquidation bankruptcy” because it discharges most of your unsecured debt. There truly is no set minimum amount of debt you must have in order to file for Chapter 7 bankruptcy relief. However in order to determine if you should consider bankruptcy there are many steps to consider. One of […]
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Understanding Bankruptcy: The Different Types of Property and Debts in Bankruptcy
Filing for bankruptcy is no easy task. There are many steps necessary in order to successfully file for bankruptcy, which is why it is always recommended to work with an experienced lawyer. With that being said it is helpful to know the terminology used in bankruptcy. At The Law Offices of Nicholas J Del Pizzo, […]
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How Does Bankruptcy Affect Your Retirement Account?
You’ve been saving up for your retirement. But then, with the pandemic and the economic downturn, you might not be able to pay your bills. You may be thinking of getting some debt relief and you may even be thinking about filing for bankruptcy. How does bankruptcy affect your retirement account? But what stops you […]
Continue readingMore Tag4 Questions to ask a Bankruptcy Lawyer in Dundalk
When you are thinking about filing for bankruptcy, the first few questions that will run through your mind are do I need to hire a bankruptcy lawyer in Dundalk, MD? Can I even afford the services of bankruptcy lawyer? How do I choose the right bankruptcy lawyer for my case? At The Law Offices of Nicholas […]
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How to work with a Baltimore Bankruptcy Lawyer?
Filing for bankruptcy can be a stressful period in your life, but it does not always have to be. Working with an experienced bankruptcy lawyer who can guide you through the entire process and take on the burden you are dealing with can help you relieve stress and get your life back on track. At […]
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Protecting Your Financial Future Through Bankruptcy
When dealing with the struggles of financial burden you may start to consider if you will even have a positive financial future. There is a delicate balance between keeping financial obligations from turning into potential concerns, and with high interest rats on most credit accounts, balances can build in a hurry. In some cases, part […]
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How Coronavirus is Impacting a Bankruptcy Case
Due to the outbreak of the coronavirus many people are wondering what the impact of it may have on their bankruptcy case. This is a very good question as many the courts have had to adjust their rules in light of the global pandemic. At the Law Offices of Nicholas J Del Pizzo, a Baltimore […]
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Why filing for Chapter 13 is more beneficial than Chapter 7
You have examined all of your options and you have decided it is best that you file for bankruptcy. You may have initially intended to file for Chapter 7 and then learned that you likely wouldn’t qualify. That is okay, it just means that you have sufficient resources and earning power and that while you […]
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Bankruptcy for Married Couples
When there are consistently more months with expenses then earned income and your financial situation continues to deteriorate due to a job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among these options available is bankruptcy for married couples. If you are married and filing for bankruptcy there […]
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How does filing for bankruptcy affect inheritance?
Deciding to file for bankruptcy is a tough decision. When you are overwhelmed by debt, it can be the right thing to do. Filing for Chapter 7 or Chapter 13 bankruptcy can help you get out from under your debt and move forward on more stable financial ground. However, bankruptcy is not an easy process. It […]
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