Maryland Bankruptcy Questions

There are many misconceptions around bankruptcy and what happens when someone declares bankruptcy. Bankruptcy is a useful tool to get back on track and the help is available if needed.

Full Story
What are the reasons people file for bankruptcy?

Bankruptcy is a fresh start to help get out from underneath the burden of debt. Most of the time, there are specific life circumstances that lead to changes in income or expenses, and bankruptcy can provide a lifeline when these unexpected circumstances occur

Full Story
Bankruptcy in Maryland

An important benefit of a business filing for Chapter 11 bankruptcy is that the Bankruptcy Code pursuant to 11 U.S.C. §507 prioritizes debt into categories and at the bottom are general unsecured claims, which can be paid a small percentage of their claims.

Full Story