Rockville Bankruptcy Law Blog
Getting an early handle on credit card debt
As a recent graduate or young professional, you have much to look forward to in life. However, when you accumulate significant credit card debt in your 20s, you may contemplate your options for seeking financial relief from such a substantial burden. Whether due to a...
read moreWhat are you options when you face foreclosure?
Owning a home is a source of pride for many Maryland residents, but the reality is that life and your financial situation are not always within your control. If you lose your job, find yourself facing excessive living expenses or have had a serious change to your...
read moreNew bill seeks to provide a way to discharge student loan debt
Maryland residents help make up the millions of Americans who struggle under crushing student loan debt. According to NBC Universal, more than $1.5 trillion dollars is owed by more than 44 million Americans. It is extremely difficult to discharge student loan debt...
read moreHow does Chapter 7 bankruptcy work in Maryland?
If you are struggling financially, filing bankruptcy under Chapter 7 in Maryland may be a solution. According to the United States Bankruptcy Court District of Maryland, Chapter 7 allows you to liquidate your assets in order to pay your debts. But it can be...
read moreIs home loan modification right for you?
Are you behind on your mortgage and struggling to keep up with payments? Home loan modification could provide a solution by extending your loan term, lowering the interest rate and/or forgiving late fees and penalties. If you cannot afford a mortgage and are unable to...
read moreWhat 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 This means that you are no longer current and now you have an overdue debt.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...
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