Struggling with debt can leave your entire family in a difficult position. In addition to the stress you may feel as a result of being behind on your bills, you may also experience constant contact from debt collectors and creditors who are trying to collect payment....
Choosing to file bankruptcy is not an easy decision, but if you are struggling to pay back significant credit card debt it may be the right option for you.While personal bankruptcy is often stigmatized, no one plans to go bankrupt. Often a life event significantly...
No one anticipates that their marriage will result in a divorce, just as no one anticipates that their financial life will result in bankruptcy. Going through a divorce or declaring bankruptcy are stressful enough on their own, but what if both are happening at the...
The recent Maryland Court of Appeals case of Morton v. Schlotzhauer involved a personal injury claim brought, at the last minute, by a woman who had filed bankruptcy and failed to list her personal injury claim as an asset. When this oversight was discovered, the...
Terren Curtis thought he was smart enough to act as his own attorney in a bankruptcy case. Admittedly he was pretty smart; smart enough to appeal a bankruptcy court decision to the U.S. District Court. Unfortunately, he still lost his appeal. Mr. Curtis simply did not...
An oldie but a goodie - this New York Times article talks about the difficulty in getting rid of student loans in bankruptcy:http://www.nytimes.com/2012/09/01/business/shedding-student-loans-in-bankruptcy-is-an-uphill-battle.html?pagewanted=all
In Maryland, a mortgage lender is required to send detailed notice before filing a foreclosure case. In the case of Ramon Granados, his lender brought two foreclosure cases. Prior to filing the first case, it sent the required notice. However, it dismissed the first...
Judge Mannes of the Maryland Bankruptcy Court has ruled that a proof of claim must be filed in order to strip a junior mortgage. Mortgages can be turned into unsecured claims in a chapter 13 case. In many cases, a bankruptcy filer can pay a small portion of a second...
An Illinois Bankruptcy Judge has ruled in In re 3RC Mechanical & Contracting Services, LLCthat a pay when paid clause in the contract between the prime contractor and a first tier subcontractor contractor creates the possibility that the clause could be enforced...
It is commonly known that bankruptcy stops garnishments. However, did you know that you can get money back that has been garnished if you file bankruptcy? A person filing bankruptcy will often get back money that his employer or a bank is holding. The bankruptcy filer...
