The answer is no. Many people believe you need to have hit rock bottom financially to file for bankruptcy. This is not always true. Bankruptcy is for anyone struggling with debt, regardless of their financial situation. You do not have to be penniless to seek help...
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Can a Chapter 13 bankruptcy affect my 401(k)?
In today's economic climate, many individuals are grappling with financial challenges. These difficulties often lead to tough decisions, such as considering bankruptcy. The complexities of bankruptcy can be daunting, especially when considering its impact on your...
How long does a Chapter 13 bankruptcy take to complete?
When debt levels reach unsustainable levels, people have to make difficult choices. Sometimes, they need a fresh start, and reducing their current debt levels is the best way to achieve that goal. Bankruptcy is the most effective way to eliminate certain debts and...
Majority of bankruptcy filings in Maryland are Chapter 7
When Maryland residents are going through tough times with their finances, they can feel like they are all alone and have limited options. In fact, the emotional toll of constantly dealing with creditors about debt burdens can be significant. However, statistics show...
Understanding the basics about bankruptcy
The sense of anxiety that comes with mounting debt burdens can be difficult to confront. For many Maryland residents who find themselves in this type of situation, it may seem like there are few options – or, that the options that are available aren’t any good....
Is filing Chapter 7 right for you?
Facing excessive debt can make everyday life draining. Despite your efforts, paying off the amount you owe just seems impossible. In this situation, declaring bankruptcy might offer you relief from your financial burdens. Benefits of Chapter 7 bankruptcy Chapter 7...
Is needing to file for bankruptcy really your fault?
People sometimes assume that it is their own fault if they need to file for bankruptcy. In fact, this is one of the reasons that they will sometimes cite for procrastinating or avoiding bankruptcy altogether until moving forward become absolutely necessary. Because...