There are a number of reasons why people in Maryland fall into financial troubles. Some are based on poor decision-making and irresponsible spending habits, while others are simply unavoidable. An example is found in recent statistics that show that workers in the...
Why so many athletes seek bankruptcy protection
A great number of Maryland residents are also sports fans, and they follow one or more teams each season. Many are aware that professional sports players bring in substantial earnings, but fewer people realize that a significant percentage of athletes end up in...
Loan Modification with a Balloon Payment
Sometimes the best loan modifications are scary for our clients. In particular, a loan modification with a balloon payment at the end of the loan is a great result for a borrower who cannot afford to pay a mortgage payment on the full balance of the loan even if the...
Reorganization in Chapter 11 bankruptcy: Is it the best option?
There are many reasons why individuals and businesses may find themselves facing insurmountable debt burdens that they cannot pay off. When these difficult financial situations arise, Chapter 11 bankruptcy may be a viable option. Under this Bankruptcy Code option,...
Loan Modification with Deferred Principal Balance
When seeking a loan modification for our clients, we aggressively pursue the best possible result by efforts to guide the lender to a favorable outcome based on the facts. This requires extra work by phone calls and letter writing, but the results are worth it. We...
