Soon after you file for Chapter 7 or Chapter 13 bankruptcy, you will attend the 341 meeting. You may feel a bit anxious, wondering what this is all about. Be assured that this meeting is a good first step on your journey to a better financial future. Naming the...
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Are there any downsides to zero-interest credit cards?
If you are like many Marylanders who have decent credit scores, you undoubtedly receive stacks of credit card applications in the mail every single month. Many of these may offer you attractive interest rates, such as 0% APR for a year or 0% APR on balance transfers....
What are some alternatives to declaring bankruptcy?
When you feel the pinch of unmanageable debt, worry takes over. You might conclude your only choice is to go bankrupt. In reality, there are options besides filing for Chapter 7 or Chapter 13. Here are a few you can try instead of declaring bankruptcy. Negotiating...
If you cannot afford care, does a hospital have to treat you?
Most emergency rooms have physicians that know how to triage patients. For that reason, it often makes sense to visit one for any life-threatening condition. You even may choose to go to the ER for ailments that are less serious. According to the Centers for Disease...
Divorce and bankruptcy: which should come first?
Going through divorce and bankruptcy separately is stressful even in the most amicable situations. Dealing with both at once exacerbates the strain on you personally and financially. Here is some information to help you decide which proceeding should take precedence....
How may a federal tax lien affect my property in bankruptcy?
When the IRS places a tax lien against your property, a bankruptcy may not remove or discharge it. As reported by Credit.com, tax debts have a 10-year statute of limitations from the date of assessment. The IRS may collect the amount that you owe until the SOL expires...
What are secured credit cards?
As part of filing bankruptcy, you must repair your financial health. Have you heard about secured credit cards and how they may help rebuild your credit? NerdWallet explains how secured credit cards work. Learn about all your options for forming a new relationship...
How may a Chapter 7 bankruptcy help me keep my home in Maryland?
Between 2020 and 2022, you may have qualified to place your mortgage in forbearance. After a pause in loan obligations, however, you may still find yourself unable to meet your expenses when your mortgage payments resume. The Ascent reports that only half of the about...
How may a sole proprietor file for personal bankruptcy?
Maryland small business owners operating as sole proprietorships may file for personal bankruptcy. If your business faces overwhelming financial hardships, you may file a petition for a Chapter 7 bankruptcy, as noted by Business.com. If you applied for credit cards or...
Why is 30% so important to your credit score?
If you want to purchase a new home, car or any other expensive item, you have a couple of options: You can either pay cash or secure a loan. Still, most Americans do not have even three months of their salaries in savings. When you apply for a loan, the financial...
