What can be discharged after Chapter 7?
If you are filing for Chapter 7 bankruptcy in the state of Maryland, you are probably looking to understand the whole process. While you will be counseled thoroughly throughout the bankruptcy process, it is also important for you to know what happens after you leave...
After a divorce, your credit may take a hit
Many things change when you get a divorce in Maryland. You have to learn to live as a single person again. You need to parent your children by yourself. You may have to move. There may also be a change to your credit report. It is not uncommon to have a drop in your...
What happens during a Chapter 13 bankruptcy?
Many people in Maryland and elsewhere assume that bankruptcy is all the same – that you apply for a personal bankruptcy, get a discharge of your debts and start over with a clean slate, albeit a mark on your credit report for several years. However, bankruptcy is not...
What should I know about filing taxes during bankruptcy?
Filing your taxes is often confusing. It becomes even more so after filing bankruptcy in Maryland. There is one part of the tax law that may concern you a little in regards to your bankruptcy and the discharged debts. According to U.S. News and World Report, the IRS...
Applying for certain jobs may require a credit check
Filing for bankruptcy protection in Maryland may require planning for the future. A potential employer may run a credit check on job applicants before making a hire. This may be in spite of the Old Line State's Job Applicant Fairness Act which prohibits employers from...
Studies show gray bankruptcy is on the rise
You expect your golden years in Maryland to be a time of relaxing and enjoying life. Debt can crush those expectations, though, and fill every day with stress. At The Law Office of Donald L. Bell, our legal team often helps retirees to gain the freedom that debt has...
Lien stripping second mortgages in Chapter 13 bankruptcy
Homeowners in Maryland who are struggling to pay their monthly expenses may want to consider bankruptcy to find relief from the stress of overwhelming debt. The U.S. Courts explains that Chapter 13 bankruptcy allows people who have a reliable income that does not...
How do I handle taxes during a bankruptcy?
If you file bankruptcy in Maryland, then you may know that there are some debts you must continue to pay. If you file a Chapter 13, the IRS explains there are certain things you must do in regards to your taxes. If you fail to do them, then you could end up having...
What qualifies federal taxes for discharge?
Whether tax debt can be discharged in bankruptcy is not always clear. Maryland residents may be stuck with paying off tax debt even after they complete bankruptcy. However, no matter whether you file for Chapter 7 or Chapter 13 bankruptcy, it is possible to get rid of...
Getting started on credit counseling
Maryland families should not have to live in fear of creditor harassment. That is why some people decide to file for Chapter 7 bankruptcy as a way to discharge burdensome debts and make a fresh financial start. But if you are thinking of bankruptcy, you must first...
