Many small businesses throughout the U.S. have sadly struggled to survive the challenges posted by the novel coronavirus. If a business is overwhelmed by debt, its owners may decide to file for bankruptcy. Businesses most often file for bankruptcy under Chapter 11 or Chapter 7 of the Bankruptcy Code. While Chapter 11 historically has proven […]
Continue readingMore TagCategory: Chapter 13
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 […]
Continue readingMore Tag
What is an automatic stay in Chapter 13 Bankruptcy
Before someone files for Chapter 13 Bankruptcy their creditors may be contacting them nonstop regarding their debt whether it is via email, letters through the mail, or even phone calls. An automatic stay is an order given from the U.S. Bankruptcy Court that is issued to your creditors that you have begun the bankruptcy process. […]
Continue readingMore Tag
How much does bankruptcy cost in Maryland?
When individuals and families in Maryland begin accumulating excessive amounts of debt that leaves them with no way to pay their monthly obligations, bankruptcy is often considered their only option. Often times these individuals are filing for bankruptcy for the first time, making the decision very hard since they know very little of the process […]
Continue readingMore Tag
Filing for Bankruptcy as a police officer
If you work in law enforcement or are considering a career as a police officer there are some issues that you should be aware of when filing for bankruptcy as a police office. The first thing you must recognize is that transparency is important throughout the entire procedure. If you have bad credit or are […]
Continue readingMore Tag
Will filing for bankruptcy in Baltimore affect my job working for the government?
If you are financing financial hardships and work for the government you may be asking yourself, will filing for bankruptcy in Baltimore affect my job working for the government? Getting bank on track financially is a long and hard process, but having an experienced Baltimore Bankruptcy Attorney can help alleviate some of the stress, and […]
Continue readingMore Tag
Long 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 Tag
Chapter 7 vs Chapter 13 Bankruptcy
No one enjoys filing for bankruptcy, but if you have to file, it will usually be through chapter 7 or chapter 13. But what is the difference? Let’s take a look.Chapter 7 BankruptcyThis method of bankruptcy is the one most people are familiar with, this involves completely wiping out your unsecured debt such as credit […]
Continue readingMore Tag