It may come as no surprise that dealing with the trials of financial struggle can be a harrowing process. Although you may take every possible measure to keep such hardships at bay, such a goal might not always be a simple task as taking on at least some level of...
Bankruptcy
The possible hazards of struggling with debt
Many individuals in Maryland and elsewhere may see little harm in placing purchases on credit cards, as they may fully intend to pay off their balances before interest begins to accrue. Unfortunately, things do not always go as planned, and even a series of small...
Proceeding with caution with your newfound financial freedom
It is no secret that overwhelming amounts of debt can have a significant impact on various areas of your life. Financial hardships could run the risk of disrupting your goals for the future and leave you worried you might never be able to enter the realms of home...
Bankruptcy: The emotional ramifications of dealing with debt
It might not come as a surprise that struggling with high levels of debt can be an intimidating and harrowing experience. However, many individuals in Maryland might not fully understand the impact similar hardships could have on their lives. As studies indicate that...
Student loans: Bankruptcy ruling gives glimmer of hope
Many people think that you can't get student loan debt discharged in bankruptcy, but this isn't always the case. The truth here is that it is difficult to get them discharged, but it isn't impossible. A recent case involving a Chapter 7 bankruptcy ruling shows that it...
What you need to know about the meeting of creditors
Before the judge will discharge your debts in bankruptcy, you will have to attend a 341 meeting. The U.S. Bankruptcy Code Section 341 describes the process for this meeting. Here is what you should expect: Who will attend This meeting is primarily between you and your...
Stop creditor harassment in its tracks
People who are past due on their bills often don't like to answer the phone or check the mail because of collection attempts by debt collectors. While it is understandable that they will try to collect what's due to them, there are limitations to what they are allowed...
Understand how the automatic stay works in bankruptcy
When you are struggling to pay your bills, there is a good chance that some will fall by the wayside. This can initiate collection calls that become bothersome after a bit. Sometimes, creditors will outright harass people, but this isn't acceptable. You probably just...
Using Chapter 7 bankruptcy for financial relief
Feeling like you are drowning in debt is one that you might not be able to overcome. For most consumers, there are two options for filing bankruptcy. These are Chapter 7 and Chapter 13, and each has its own guidelines.The first question is whether or not your income...
Make a plan for your financial future even when you have debts
Being in debt can become a hopeless feeling when it gets to the point where the minimum payments are taking up most of your income. Just making ends meet can be a huge challenge. In some cases, it is impossible. If you are at the point where you think that all is...