When most people in Maryland think about Chapter 7 bankruptcy, they only consider the benefits that are available to individuals who are looking to eliminate personal debt. Chapter 7 is also a powerful tool for certain business owners, and it gives some the chance to...
Chapter 7
Considering consumer bankruptcy during the holidays
As the holiday season continues, many Maryland families struggle with finances. The pressure to purchase gifts, attend celebrations and create memorable holiday feasts is enormous. When there is already financial strain in place, the end of the year can escalate the...
Loan consolidation and consumer bankruptcy
Many adults carry student loan debt well into their post-college lives. For some, this obligation, combined with other expenses, creates a serious financial strain. Those looking for debt relief have a number of options, including consumer bankruptcy and loan...
Bankruptcy protection may resolve overwhelming credit card debt
It has been reported that most consumers nationwide, including in Maryland, are burdened with credit card debt that they would likely prefer not to have. In fact, the average credit card debt per household is reported to be at least $15,000. Unfortunately, some...
Bankruptcy protection can help consumers avoid scams
For Maryland residents who are having serious financial troubles, the need for debt relief can be pronounced. Many people will go to great lengths to extricate themselves from financial strife, including signing on for questionable debt settlement offers. News of a...
Hockey player wants to alter his consumer bankruptcy filing
Many Maryland hockey fans are familiar with Jack Johnson, a defenseman in the National Hockey League. Johnson has made recent headline not for his skills on the ice, but over what has become a very contentious consumer bankruptcy filing. Most recently, Johnson is...
Don’t let consumer bankruptcy impact your business
When a business owner needs to seek personal bankruptcy protection, one of the chief concerns is how that decision might affect the business. While most consumer bankruptcy outcomes will greatly improve the lives of those who file, there are negative repercussions...
Scams make consumer bankruptcy an attractive option
When it comes to the chance to rob consumers of their hard-earned money, few industries are as attractive as that of debt relief. Individuals who are struggling under heavy debt loads will go to great lengths to ease that stress, up to and including signing up for...
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....