Credit cards are relatively easy to get, and Maryland readers may know that many banks are currently lending to consumers at an alarmingly high rate. In a three month period, banking establishments lent $18 billion to consumers, much of it in the form of revolving...
Year: 2016
The benefits of the wage-earner plan
There are few things in life that can be as overwhelming and confusing as receiving a notice of foreclosure. When a person is unable to meet his or her financial obligations, it is easy to fall behind with mortgage payments, leading to calls from creditors and the...
Consumer bankruptcy can resolve overwhelming credit card debt
It is not uncommon for consumers in Maryland to find themselves facing mountains of credit card debt. Many people find relief by filing for consumer bankruptcy protection made available by the U.S. Bankruptcy Code. Due to the prevalence of such filings, some consumers...
Consumer bankruptcy up for gas, oil and coal workers
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...
Drowning in debt, many will seek bankruptcy protection
As more and more Americans find themselves heavily in debt, many will seek avenues back to financial stability. According to many reports, debt levels have increased steadily over recent decades, while incomes have not kept the same pace. For those in Maryland who owe...
Man in hot water during consumer bankruptcy case
Having the guidance of a trusted legal professional is essential during any type of legal proceeding. Bankruptcy law, in particular, is a complex and every-shifting matter, and individuals in Maryland and other states who are unfamiliar with the rules regarding...