When considering options for debt relief, many in Maryland consider bankruptcy to be their least advisable choice. This is largely based in a range of beliefs about consumer bankruptcy that are not based in actual fact. A recent report took a look at the effects of...
Year: 2015
Can a successful Chapter 13 discharge ease debt?
In troubled economic times, virtually no one is immune to financial difficulties. Even Maryland residents who have worked hard to amass a solid base of income and assets can be at risk of serious financial strain. For many, the most sure path back to financial...
Medical debt and consumer bankruptcy statistics
Many Maryland readers are aware that high levels of medical debt can lead to serious financial difficulties. However, few understand how researchers compile the data needed to make such a claim. The following information is offered in the hopes of clarifying the...
New bill would include student loans in bankruptcy protection
Most Maryland consumers are aware that student loans are not currently eligible for discharge through consumer bankruptcy. This may change, however, if newly proposed legislation is passed through the House and placed into effect. The Discharge Student Loans in...
Is the time right to seek bankruptcy protection?
Deciding when financial strain has reached an unmanageable level can be a difficult task. It is hard to know when the situation has reached a point at which looking at bankruptcy protection is the best course of action. In the weeks following the beginning of a new...