What happens to your retirement in bankruptcy?
If you are close to retirement but find yourself having to file for bankruptcy, a top concern will naturally be how this will impact your retirement accounts. When filing Chapter 7, the court will look to seize any non-exempt assets so that it can liquidate them and...
What are your obligations as a debtor?
Maryland residents like you may find yourself in a position where debt overwhelms you. When pushed into a corner like this, your options often feel limited. You may turn toward bankruptcy feeling like it is a last resort, but it is not. Bankruptcy is a helpful tool...
Are you being targeted by debt collector harassment?
As a resident of Maryland, you may be looking into debt relief options. Your decision-making process could get impeded or sped up due to the harassment you may be facing at the hands of debt collection agencies. Though it is illegal for debt collectors to harass you,...
3 tips on dealing with the stress of debt
Persistent stress takes a toll on your health, that is why you should minimize your stressors in life, including those surrounding your debt. Know that you are not alone in your struggles. Many Americans worry about the state of their finances. If thoughts of your...
Why are more older adults filing for bankruptcy?
Aging often comes with several health, medical and mental issues, but older adults often face financial hardship, too. In recent years, more older adults filed for bankruptcy to cope with their mounting money struggles. MarketWatch explores the reason behind the tide...
Tax debts and Chapter 7 bankruptcy
Perhaps tax debt contributes to your overwhelming financial pressures, and you wonder whether filing a Chapter 7 bankruptcy can help. The answer is, it depends. Here are some of the factors that affect whether a bankruptcy court will discharge the tax debt. The type...
Prepare for a credit card free holiday season
After filing Chapter 7 Bankruptcy, a person will lose his or her credit cards. While it is possible to rebuild credit following a bankruptcy, Forbes suggests that there are ways to live without a credit card. When you have months to prepare, this is true for the...
The mental advantages of Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy carries various benefits, such as granting freedom from debt and opening up new opportunities. However, bankruptcy is advantageous in other ways as well. For example, many people benefit from a mental point of view. Successfully...
Will I lose my home if I file bankruptcy?
If you are in the process of considering bankruptcy, it is likely that you have multiple financial concerns. Many people are aware that filing bankruptcy can lead to asset loss. Thus, one of the most common concerns bankruptcy filers have is if they will be able to...
Can bankruptcy discharge medical debt?
Medical emergencies are extremely hard to prepare for. When an injury or illness can appear instantly, victims have very little time to build a savings to pay for the debt. When tens of thousands of dollars of medical debt become a significant obstacle for someone,...
