If you are a business owner in Maryland that is considering filing for bankruptcy, it pays to know as much as possible about the differences between Chapter 13 Bankruptcy and Chapter 11 bankruptcy. In some ways, Chapter 13 and Chapter 11 Bankruptcy are fairly similar. Each allows you to continue running your business and propose […]
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What is a Chapter 13 Confirmation Hearing?
When you file for Chapter 13 Bankruptcy in Maryland you begin a process that typically takes between 3 to 5 years to complete. The Chapter 13 Bankruptcy process also involves proposing a plan to repay some or all of your creditors. Your repayment plan must be confirmed by the bankruptcy court before it can be […]
Continue readingMore TagLong Term Financial Advantages to Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a payment plan that lasts between 3 to 4 years. The length of the payment plan can be discouraging for some people, and Chapter 7 Bankruptcy may seen initially more preferable but it is not. There are many long term financial advantages to Chapter 13 Bankruptcy, including some that are not […]
Continue readingMore TagHow to choose a Baltimore bankruptcy lawyer
When you’re thinking of filing for bankruptcy, the first question that runs through your mind is probably: Do I need a lawyer? Can I even afford the services of a Baltimore bankruptcy lawyer? How to do I choose a good Baltimore bankruptcy lawyer? Some people choose to file for bankruptcy all on their own and […]
Continue readingMore TagWhen is Chapter 7 Bankruptcy a bad idea?
Bankruptcy is a means to relieve you from the oppression of unpaid debts. However, bankruptcy isn’t always a good idea. There are some instances when filing a Chapter 7 bankruptcy may be a bad idea under certain circumstances. It is a bad idea if your debts are not unsecured. Filing for bankruptcy may be okay […]
Continue readingMore TagHow will filing for bankruptcy affect you?
Before you file for bankruptcy in Maryland, think how it could affect you now and in the future. Filing fees and court fees. If you have trouble making ends meet, paying filing fees and court fees may be an added burden. These may be waived but only upon approval of the court. Appearance in court. […]
Continue readingMore TagWho can see my bankruptcy records?
Bankruptcy proceedings are public record Bankruptcy can provide debtors relief from debts that they can no longer pay. The only drawback with bankruptcy is the stigma attached to it. The stigma is due to bankruptcy being a legal proceeding and that it being part of the public record. Bankruptcy affects your credit score and the […]
Continue readingMore TagQuestions to ask a debt lawyer
When preparing for your bankruptcy case it is important to speak with multiple lawyers and find out which one works best for you. Asking potential bankruptcy lawyers some basic questions will tell you a lot about the attorney’s approach and if they will be the right fit for you moving forward. The first question you […]
Continue readingMore TagSigns you are headed for bankruptcy
Ignoring personal debt will not make the problem go away. In fact, your bills will continue to pile up costing you thousands in interest and principal payments. Sometimes you may even find yourself in bankruptcy court, a place no one wants to be. In addition to finding yourself in bankruptcy court you will also see […]
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Filing for Bankruptcy can be a long and complicated process with tons of paperwork and forms to fill out. Luckily here at the Law Offices of Nicholas J. Del Pizzo, we have those forms right at your fingertips! Below is a list of forms that you will have to fill out for Chapter 7 Bankruptcy. […]
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