Category: Bankruptcy

Budgeting after bankruptcy

Bankruptcy is widely said to give you a fresh start financially, and that’s exactly what it does. You can get out from under your debt and start again. It offers various ways to do this, such as liquidating assets with Chapter 7 or creating an affordable repayment plan with Chapter

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Small business debt reorganization just got a lot easier

Many Americans talk about a sad decline of mom-and-pop, Main-Street, small businesses. The subject is a favorite among elected officials around election season. But for many years, advocates have pressed for changes in federal bankruptcy laws that could give struggling small businesses a fighting chance of keeping their doors open.

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The FAQs of personal bankruptcy

Bankruptcy has always had a dark cloud hanging over it as something to avoid. That simply isn’t true. Filing for bankruptcy is freedom from crippling debt. Filing allows you to get the monkey off you back and start anew.  Maybe you made some poor financial decisions, fell on hard times,

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Bankruptcy can provide relief from health care expenses

The quality of health care in the United States is considered by many to be among the best in the world. This is no less true in Maryland, home of The Johns Hopkins Hospital, which is considered by many to be among the best hospitals in the nation. The high

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Bankruptcy can be an issue for small business in down economy

Small business is a significant engine that drive the economy in Maryland and around the country. The people who establish and run small businesses employ a large percentage of the American workforce. In good economic times, these companies typically remain strong. During an economic downturn, concerns of possible bankruptcy may evolve. A

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Chapter 12 bankruptcy can provide relief for family farmers

Farmers are a vital part of the American economy as they provide food to people in the United States and around the world. Farmers in Maryland and elsewhere have faced economic challenges caused in part by weather related issues, and newly imposed tariffs are also having an impact. As a

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Bankruptcy can provide a new beginning

Contrary to the view of some that bankruptcy is a sign of failure, it can actually provide a solution to a difficult problem. Bankruptcy can provide an opportunity for a new beginning in Maryland and a clean slate from which to rebuild a solid financial future. What leads a person to bankruptcy

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Chapter 7 bankruptcies sometimes caused by student loan debt

The issue of student loan debt is one that has been a frequent topic of conversation in the media in recent weeks and months. The amount of outstanding student loan debt in 2019 is believed to be about $1.5 trillion. A large amount of that debt is held by millennials.

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Bankruptcy can come to a farmer’s aid

Agriculture is a vital industry in Maryland and across the United States. It is an industry that is greatly reliant on weather and good or bad weather can make or break a farmer’s year. Debt is a reality in most people’s lives and as long as it is managed does

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Have you lost control of your debt?

If you are like many Marylanders, you do not carry cash. Why should you when you can use more convenient forms of paying for your purchases, such as bank cards or credit cards? However, being part of a cashless society often means losing track of the amount of money you

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