On behalf of The Law Office of Donald L. Bell | Oct 28, 2020 | Ch. 7 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...
On behalf of The Law Office of Donald L. Bell | Sep 12, 2020 | Ch. 13 Bankruptcy, Ch. 7 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...
On behalf of The Law Office of Donald L. Bell | Aug 19, 2020 | Ch. 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...
On behalf of The Law Office of Donald L. Bell | Aug 13, 2020 | Ch. 7 Bankruptcy
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...
On behalf of The Law Office of Donald L. Bell | Jul 22, 2020 | Ch. 13 Bankruptcy, Ch. 7 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...
On behalf of The Law Office of Donald L. Bell | Jul 17, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
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,...
On behalf of The Law Office of Donald L. Bell | Jul 8, 2020 | Ch. 7 Bankruptcy
Seeking Chapter 7 bankruptcy protection can help you get out from under your mounting debts and finally re-establish yourself on a firm financial footing. Yet at the same time, such an action does have an impact on your credit rating, which may make it difficult for...
On behalf of The Law Office of Donald L. Bell | Jun 30, 2020 | Ch. 13 Bankruptcy, Ch. 7 Bankruptcy
Many people with financial problems may consider filing for bankruptcy. This legal process provides individuals relief from their debt and a second chance at financial success. Though bankruptcy might be the only choice for many people in Maryland, other options might...
On behalf of The Law Office of Donald L. Bell | Jun 20, 2020 | Ch. 7 Bankruptcy
Many Americans find themselves in extreme debt with no recourse to pay. The United States Courts report that there were over 750,000 non-business bankruptcy filings in 2019, with over 773,000 cases in total. If you find yourself in serious debt, you may have...
On behalf of The Law Office of Donald L. Bell | Jun 15, 2020 | Ch. 7 Bankruptcy
When someone is experiencing considerable financial debt, bankruptcy may be the best option for them to recover from debt. While bankruptcy may be the right choice for many, it does not eliminate or manage all debt. There are two forms of debt: secured and unsecured....
