Rockville Bankruptcy Law Blog
Are there different types of home loan modifications?
When you're unable to keep up on mortgage payments, a home loan modification might be a good option for you. Loan modifications allow you to alter the terms of your loan so that it's easier to make payments, which is beneficial to people facing financial hardships....
Can you avoid debt this holiday season and still use credit?
As the holiday season approaches, most Americans spend countless dollars on their loved ones. Between the gifts and holiday plans throughout Maryland, it is easy to rely on your credit card. Dependence on credit, however, can lead to serious credit card bills in the...
How can you recognize a foreclosure scam?
Foreclosure on your Maryland home can be a frightening prospect. In your desperation, you may agree to a plan that is not in your interest. Scam artists count on your heightened state of panic to prevent you from carefully examining the provisions of their phony...
Avoid going into debt this holiday season
The holiday shopping season seems to descend on Maryland faster every year. While heaping love and affection on friends and family members through gift-giving, consumers should make sure they do not drive themselves into debt in the process. To help, USA Today offers...
Should you file for bankruptcy when facing foreclosure?
 If you have fallen behind on your mortgage, chances are that you are also struggling to pay other debts. When your lender begins to pursue foreclosure, you may be able to save your home by filing for bankruptcy. Read on to learn more about how a bankruptcy filing...
What are some of the reasons Americans file for bankruptcy?
Overwhelming medical or health-care expenses are the causes behind two-thirds of the individuals filing for bankruptcy protection in Maryland and across the nation. If you are contemplating bankruptcy because of medical reasons, you are joined by approximately 530,000...
Chapter 7 bankruptcy: the pros and cons
Those who find themselves unable to pay off their debts in Maryland may find themselves faced with the difficult decision of whether or not to declare bankruptcy. There are two types of bankruptcy that individuals typically file under: Chapter 13 and Chapter 7. The...
What are your options when a collection agency purchases your credit card debt?
At times, credit card debt can get out of hand. If you are behind on your credit payments and a collection agency purchases your debt, you will likely receive calls to settle your debt. The federal government and Maryland do protect citizens against harassment from...
Is chapter 13 a good choice for low income households?
If you are having trouble paying your debts, filing bankruptcy in Maryland may be your best option. While you have options for the type of bankruptcy you can file, Chapter 13 gives you the option of working out a plan to keep the assets you have securing debts, such...
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...
