On behalf of The Law Office of Donald L. Bell | Apr 7, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Misconceptions about bankruptcy prevent many people from relieving themselves of debt they can no longer pay. If you struggle with credit card bills and worry about losing your home, bankruptcy may be a route worth exploring. These are the truths behind four of the...
On behalf of The Law Office of Donald L. Bell | Feb 5, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Whether you want to buy a new car, purchase a home or even set up a cellphone plan, you likely need to have decent credit. If you struggle to pay your bills, though, your credit score may not be as high as you would like. You may also worry about ever having the...
On behalf of The Law Office of Donald L. Bell | Feb 5, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Bankruptcy is a legal status where a person declares they are in a financial fix and might not be able to pay for their debts. Individuals, businesses, and even big companies file for bankruptcies all over the world. What is alarming is the high number of older...
On behalf of The Law Office of Donald L. Bell | Feb 4, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Financial struggles faced by Maryland residents can cause a marriage to fail. When the couple decides to split and file for bankruptcy to start life anew, there are a few considerations before filing one or the other. Keep in mind individuals should assess their...
On behalf of The Law Office of Donald L. Bell | Jan 4, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Bankruptcy is a scary prospect for many consumers. However, it is not necessarily as bad as you might imagine. Its purpose is not to ruin your financial prospects forever. Rather, it is to help you rehabilitate your financial situation. As a consumer, there are...
On behalf of The Law Office of Donald L. Bell | Dec 24, 2019 | Ch. 13 Bankruptcy
There is no denying that the cost of medical care is way too high. One serious illness or injury can put your family in serious financial trouble. This is true even if you have medical insurance. The out-of-pocket costs seem to only be going up. This poses a huge...
On behalf of The Law Office of Donald L. Bell | Nov 5, 2019 | Ch. 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...
On behalf of The Law Office of Donald L. Bell | Oct 16, 2019 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy, Tax Debt
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...
On behalf of The Law Office of Donald L. Bell | Sep 23, 2019 | Ch. 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...
On behalf of The Law Office of Donald L. Bell | Aug 20, 2019 | Ch. 13 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...
