Rockville Bankruptcy Law Blog
What is the statute of limitations on debt?
When you fail to make a payment on a credit card, your account goes into default. This means that you are no longer current and now you have an overdue debt. Your creditor can take you to court to make you pay the debt. However, there is something called the statute...
read moreProtection from foreclosure
Homeowners in Maryland who are experiencing financial difficulties may wonder how they are going to pay their mortgage in full and on time each month. When this occurs, owners should take immediate action to make sure they do not get in too much trouble and lose their...
read more3 things to do to pay off debt when on a limited income
When living on a fixed or low income in the Rockville area, it might seem disheartening to read about people who managed to pay off a seemingly impossible amount of debt in a short length of time. Many of those individuals are able to accomplish that because they had...
read moreWill Chapter 7 discharge recent credit card debt?
If you have started thinking that you should file bankruptcy in Maryland, you should quit using your credit cards. Why? Because Bloomberg News reports that the Bankruptcy Code, specifically, Section 513(a)(2)(C)(1), sets forth a presumption against recent credit card...
read moreHow can I avoid mortgage relief scams?
If you’re struggling to pay your mortgage in Maryland, you may be considering a home loan modification. While this process can lower your payments and allow you to keep your home, you must also be aware of potential scams that will deprive you of your money. The...
read moreDomestic Payless stores closing as part of bankruptcy
People in Rockville may often be shocked to hear the news that a certain person or company has filed for bankruptcy, believing that certain individuals and businesses either are so successful or have such a strong market presence that facing financial struggles might...
read moreBe cautious when using credit cards following bankruptcy
People who have filed for bankruptcy are often aware of the impact it can have on their credit report. Once the bankruptcy is discharged, it can be challenging for debtors to find ways to rebuild their credit. Some credit card companies focus their efforts on...
read moreRural hospital hopes Chapter 11 will lead to better future
When businesses in Rockville are forced into bankruptcy, it is rarely due to one single reason. Rather, a unique (and unanticipated) confluence of factors contributes to it experiencing financial struggles. Oftentimes alternative revenue streams may be available to...
read moreGood spending habits means a better life
Millions of Americans find themselves overspending each month. If you can count yourself as one of them, you no doubt want to find ways to keep living the lifestyle you’re comfortable with, but keep your checking account out of the red. The truth is, with some...
read moreHow can I pay off my mortgage early?
The quicker you pay off your mortgage, the less interest you ultimately pay. That’s why many homeowners in Maryland look for methods of paying down their debt faster, which can be a bit difficult for people living on a budget. Taking the right steps can help you get a...
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