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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How much debt is needed to file for bankruptcy?
No matter how hard a person may try to pay bills on time, and in their full amount, debt can still creep up on someone and completely overwhelm them. Generally in the form of an unexpected life event such as a car accident or an extended stay in a hospital. Other times it can be […]
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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. […]
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What documents do you need to file Chapter 13 Bankruptcy?
In order to successfully file for Chapter 13 Bankruptcy, you will need to provide a significant amount of information to show the U.S. Bankruptcy Court System that require debt relief. It is always best to work with an experienced Baltimore Bankruptcy Attorney, because he or she will be able to compile that list of information […]
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What property can you keep when filing for Chapter 13 Bankruptcy in Maryland?
When someone files for Chapter 13 Bankruptcy in Maryland they are entering into a 3 to 5 year repayment plan to all of their creditors who have a claim against them. There are many reasons why people file for Chapter 13 Bankruptcy in Maryland such as: It helps to prevent foreclosure on a home It […]
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Will I have to appear in Bankruptcy Court?
For many Baltimore residents, bankruptcy is a way to help re-establish a firm financial stability after dealing with a personal economic crisis. One question that often arsis however during the process however is, will I have to appear in Bankruptcy Court? Often times people who file for bankruptcy are afraid of the process or the […]
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Can bankruptcy eliminate back taxes?
When the debt you owe is too much for you to pay back, the stress can be overwhelming. What can help to alleviate that stress is knowing what you will and will not be expected to pay back. Often times individuals filing for bankruptcy will ask, can bankruptcy eliminate back taxes? In order to answer […]
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Buying a home after bankruptcy
Every situation is different, but it is possible to buy a home after filing for bankruptcy. Filing for bankruptcy can stay on your credit report for up to 10 years, but by filing for bankruptcy you are in the process of fixing your credit issues. When a person files for bankruptcy in Baltimore they are […]
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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 […]
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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 […]
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