The Bankruptcy Discharge Explained
The bankruptcy discharge is a court order that eliminates your debts in a chapter 7 or chapter 13. The discharge order also serves as an injunction to prohibit creditors from collecting on debts that have been discharged.
Full StoryUnderstanding the Chapter 13 Payment Plan
Your chapter 13 payment plan is a plan proposed to the court, your creditors and the chapter 13 trustee to repay all or part of your debts over time. When understanding the chapter 13 payment plan, it is important to note that the plan has many requirements.
Full StoryChapter 13 Bankruptcy Debt Limits
A Chapter 13 Bankruptcy is a useful tool to pay back mortgage and vehicle arrears, strip liens, cramdown a vehicle and pay back a percentage of your debts. It allows you to have a 3-5 year payment to pay back secured debts and often results in paying a small percentage of unsecured debts.
Full StoryCan a Debt Collector Sue You?
In Maryland, debt collectors can sue you and have several methods to collect on debts, including garnishments, attachments, seizures and levies.
Full StoryBankruptcy and Divorce In Maryland
The question about how a bankruptcy affects a divorce and vice versa touches upon many considerations in both divorce and bankruptcy planning, and both spouses can benefit from taking time to plan for these contingencies
Full StoryCredit Counseling & Financial Management For Bankruptcy
In 2005, Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). One of the major changes that BAPCPA made was that consumers who file for bankruptcy must take two courses – a credit counseling course and a debtor education course.
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