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...
read moreWhat 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...
read moreGetting 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...
read moreDebtors should respond to legal debt collection notices
In Maryland and across the United States, people in debt do not enjoy dealing with debt collectors. However, debt-related problems continue to grow. The Consumer Financial Protection Bureau released statistics showing that approximately 70 million Americans feel...
read moreMany American consumers do not know they owe money
In Maryland and across the United States, a lengthy marriage culminating in divorce may cripple a spouse's financial circumstances. Many women with children were previously living comfortable lives only to find themselves financially struggling as single individuals....
read moreHave your debt problems led to insolvency?
When you wake up in the morning, do your thoughts immediately go toward how little money you have in your bank account and how many bills have piled up on your table? If so, you are not alone. Numerous people in Maryland and across the country struggle with financial...
read moreWhy younger people are struggling with credit card debt
Generally speaking, younger adults in Maryland and throughout the country were less likely to use credit cards or take on debt. However, new data indicates that 8% of credit card balances among individuals aged 18-29 are 90 days or more past due. Younger individuals...
read moreHow medical debt can affect credit scores
Even the most financially responsible person in Maryland can have difficulty keeping up with obligations when faced with mounting medical debt. According to Consumer Reports, 3 out of every 10 Americans has unpaid medical debt of $500 or more. This type of debt can...
read moreCongress to vote on student loan bankruptcy relief
Maryland residents who are struggling to make ends meet due to overwhelming student loan debt currently have few options, but their situations could soon change if a bill introduced recently in both the House of Representatives and U.S. Senate garners enough support...
read moreBankruptcy may be easier to handle in time
If a Maryland resident filed for bankruptcy nine years ago, that bankruptcy will generally have little impact on his or her credit score or history. However, if that bankruptcy was filed just a year ago, it could have a significant impact on that person's credit score...
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