Category: Bankruptcy

Bankruptcy can be a tool to a new beginning

Debt can be a useful tool but it can also become an overwhelming burden. If the burden becomes too great one option for getting out from under that burden in Maryland is to declare bankruptcy. Declaring it provides a way to eliminate or drastically reduce existing debt, but the bankruptcy declaration remains

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Health care costs a leading cause of bankruptcy

Health care in America is expensive. Without health insurance it is even more so. An unexpected health care crisis can drive a family to bankruptcy in Maryland if they do not have the means to pay the medical bills. This point was driven home recently in a story that happened in another

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How much will a bankruptcy affect a credit score?

One of the biggest worries you may have with considering bankruptcy is the detrimental effect it may have on your credit and credit score. While it is true that bankruptcy will have an impact on your credit score, by not filing for bankruptcy you can suffer the same type of damage

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Bankruptcy may provide some relief following the shutdown

The government shutdown is entering its second month. The implications of this are widespread and will soon be felt by many more, in Maryland and around the country, as tax refunds may be delayed, and possible delays and interruptions in air travel may occur. One group of people who are

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Can medical debt be erased through bankruptcy?

Many things can lead to families facing financial struggles. This includes medical emergencies. Suffering a major injury or developing a significant illness can result in large medical bills building up. An example of this can be seen in a recent news article that discussed the large out-of-pocket costs that can

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