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Individuals or businesses in Maryland may suffer from excessive debt, and the ability to pay proves impossible. Filing for bankruptcy might be the solution for stressed debtors since many obligations face discharge. However, not all debts are dischargeable. Discharged...
Bankruptcy gives Maryland residents and others the ability to eliminate or reorganize some of their debts. The type of bankruptcy protection that you may seek depends on a number of factors including your income and the nature of the obligations that you have. An...
Bankruptcy provides a legal means for debtors to address their obligations and start over financially. Many filers hope their trip to a Maryland federal court will be their first and only experience with bankruptcy. However, financial situations can be challenging for...
Foreclosure is a protracted process that has a lot of steps. It is important to understand how it works and what might happen when a Maryland house goes into foreclosure because it can play a major role in bankruptcy. Foreclosure The first phase of foreclosure is when...
Bankruptcy in Maryland allows consumers to remove some debts through liquidation or repayment. Debts in bankruptcy are paid in order according to the kind of claim which is secured or unsecured. Unsecured claims Unsecured debts are commonly paid last and fall into two...
When you think of driving safely, you likely consider the fact that you shouldn't text while driving. However, there are other things you can do to make sure you keep yourself and other drivers safe on the road. Distracted drivers cause thousands of car accidents...
Consumers in Rockville, Maryland, may choose bankruptcy when they can no longer manage their debts. The most common type of bankruptcy is Chapter 7, which sells nonexempt assets to pay unsecured debts. While consumers can get discharged faster, they must meet the...
If you need to file for bankruptcy in Maryland, you can decide whether Chapter 7 or Chapter 13 is more appropriate for you. Once you have filed, you will get an automatic stay. If this is your first time filing bankruptcy, you may be unfamiliar with the process. It...
Motor vehicle accidents are scary and unfortunate, but even the safest driver in the world can’t avoid them. For families with third-row SUVs and people who frequently ride in the back seat in Maryland, passenger safety during rear-end collisions becomes a huge...
An individual in Rockville, Maryland, who sees no way out of debt can file bankruptcy to lower the amount of money he or she owes. However, they may have to relinquish property to the court depending on the type of bankruptcy. Some debtors hesitate to file because...