Many Maryland fans of rapper 50 Cent were surprised to learn that the highly successful musician has filed for bankruptcy protection. The move came at the same time that a jury was set to discuss punitive measures in an unrelated legal matter. While 50 Cent, whose...
Year: 2015
Tips for managing credit after consumer bankruptcy
A top concern for many Maryland residents who are planning to file for bankruptcy is the impact that such a choice may have on their future credit standing. It is important to understand that while consumer bankruptcy will have an initial negative impact on one's...
Credit counseling or bankruptcy protection?
When faced with serious levels of debt, most Maryland consumers begin searching for methods of debt relief. Among the available options are credit counseling and bankruptcy protection. Both offer a path toward financial stability, but each has distinct differences....
Strategic repayment or consumer bankruptcy?
When debt grows to a seemingly insurmountable level, many Maryland consumers begin to feel panicked. Faced with a pile of bills and no way to pay in full, stress levels rise and debt begins to dominate one's thought process. There are several ways to address high...
Chapter 13 discharge possible for some second mortgages
Many homeowners in Maryland are faced with a difficult set of financial circumstances. Having financed the purchase of their home and during a period of solid financial stability, many took out second mortgages to cover the cost or home improvements, repair or other...
Could bankruptcy protection help avoid depression?
Everyone who has encountered a period of financial distress understands the tension and anxiety that comes with the inability to meet one's financial obligations. In some cases, those negative emotions can grow into substantial mental health problems, including...
Why the wealthy seek bankruptcy protection
When many Maryland residents think about personal bankruptcy, they may envision the step as though it were the end of some financial road -- a virtual dead end in terms of one's financial success story. In reality, however, many individuals who achieve high levels of...
NFL players not safe from consumer bankruptcy
Many Maryland readers may be surprised to learn that players within the National Football League experience high rates of bankruptcy. In fact, nearly 16 percent of those who were drafted between 1996 and 2003 have sought consumer bankruptcy protection within 12 years...
What leads an individual to pursue consumer bankruptcy?
Bankruptcy is a topic of which most Maryland residents are aware, but few fully understand bankruptcy until the issue is one of personal importance. Therefore, there are a number of misconceptions surrounding the matter, including the belief that an individual who is...
Man charged with fraud in consumer bankruptcy filing
Bankruptcy protection is a powerful financial tool, and one that can be a lifesaver for individuals and families who are drowning in debt. However, in order to achieve the benefits of a consumer bankruptcy, there are a multitude of rules that must be closely followed....