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Confessed Judgments in Maryland: The 11th Circuit Ruling and its Effect in Maryland
Confessed judgments are only permitted in 8 states: Maryland, Michigan, Illinois, New Jersey, Minnesota, Ohio, Pennsylvania, Virginia, and Texas. These clauses, found in almost all commercial loans and leases in Maryland, allow a creditor to immediately proceed to judgment without the benefit of a merit trial and can be severely harmful to unwitting borrowers.
Full StoryCan I Keep My House if I File for Chapter 13?
Filing for bankruptcy is a big step and you may have some questions. One that we are asked frequently is “Can I keep my house if I file for Chapter 13?”
Full StoryWhat Can I Do If Chapter 13 Involuntary Dismissal Happens?
A Chapter 13 payment plan lasts between three to five years. However, a lot can happen during that time that could affect your ability to make regularly scheduled payments. If this happens and you are no longer able to make your Chapter 13 monthly payments, the bankruptcy trustee can ask the court to dismiss the case, or a creditor can request relief from the automatic stay and continue collection efforts – Chapter 13 Involuntary Dismissal. However, all is not lost.
Full StoryShould I file Chapter 7 or Chapter 13? Part 1 – Chapter 7
I can’t tell you how often we have clients calling us and explaining that they only want to file Chapter 7 bankruptcy, or they ask us “should I file Chapter 7 or Chapter 13”? There are various advantages and disadvantages to each chapter, and we explain these to our clients so that they can make an informed decision that’s right for them.
Full StoryMore About Chapter 7 Exemptions in Maryland
Learn more about the Chapter 7 exemptions in Maryland that can protect property in Chapter 7 bankruptcy and some examples of how exemptions can be used.
Full StoryWhat Happens If You File Bankruptcy?
Many of our clients ask us what happens if you file bankruptcy? This is a very important question, and several significant Bankruptcy Code provisions are triggered when filing bankruptcy. Learn more about the automatic stay, bankruptcy estate and the bankruptcy trustee.
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