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 | Mar 12, 2020 | Ch. 7 Bankruptcy
If you have begun thinking about filing Chapter 7 bankruptcy, you need to know about the means test you must pass in order to qualify. FindLaw explains that per the 2005 Bankruptcy Protection Act, each state first determines its residents’ median annual income...
On behalf of The Law Office of Donald L. Bell | Feb 25, 2020 | Ch. 7 Bankruptcy
A secured credit card is basically a training wheel credit card. You may be a young person applying for a credit card. The credit card company may want to know why it should give you a credit card. You have no credit history at all and you are too big of a risk. So...
On behalf of The Law Office of Donald L. Bell | Feb 22, 2020 | Ch. 7 Bankruptcy
After people file for bankruptcy, they may think they will not be able to get a credit card. However, bankruptcy usually does not prevent people from getting new credit cards. A previous blog discussed the effects that bankruptcy can have on a credit score. This blog...
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 | Nov 14, 2019 | Ch. 7 Bankruptcy
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...
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...
