Those overwhelmed by debt often consider filing either Chapter 7 or Chapter 13 bankruptcy. Chapter 13 bankruptcy, also known as "reorganization bankruptcy," is a legal process designed to help individuals with a steady income regain control of their finances while...
Overwhelming financial difficulties can be incredibly challenging to overcome. In certain cases, they can be near impossible to surpass without outside aid. Bankruptcy can provide relief from unmanageable debt. A common misconception that keeps many from using it is...
If you feel overwhelmed by debt, you are not alone. Many Americans struggle with debt. In times of economic uncertainty, people rely more on their credit cards or borrow money to make ends meet, improve their opportunities or access education. If the debt becomes...
In the first quarter of 2022, the Maryland Department of Housing and Community Development reported an increase in foreclosures over the previous quarter of 32.8%. This is bad news for homeowners, especially if they are struggling to make ends meet. If you get notice...
The prospect of losing a home due to financial difficulties is a distressing reality for many homeowners. In January 2023, nearly 32,000 U.S. properties had foreclosure filings, according to real estate data company ATTOM. Individuals facing foreclosure often wonder...
The thought of losing your home due to financial difficulties can be daunting. A home loan modification might be the solution to your problem. Home loan modifications can help you reduce your monthly mortgage payments, making them more manageable. The Federal Housing...
If your mortgage payments have become to be more than you can handle financially, you consider doing a home loan modification. In a modification, the bank works with you to modify the terms of your existing loan, typically by extending how long you have to repay the...
Many people living in Maryland feel uneasy due to mounting debt, and if you include yourself among them, you may be looking for a way to help dig yourself out and get back on your feet. Be wary, though, of signing on to work with a debt settlement company, because...
Financial problems can occur to anyone, at any point in life. It can be overwhelming, lead to sleepless nights and take away your peace of mind. If you find yourself struggling with insurmountable debt, you might be considering filing for bankruptcy. Bankruptcy can be...
For many homeowners in Maryland, managing mortgage payments can sometimes be a struggle, particularly during financial hardships. In such cases, a home loan modification can provide a viable solution. You may have several questions about how home loan modifications...
