Blog: Bankruptcy
- Commonly asked bankruptcy questions
Apr 20, 2020
Because of the current uncertainty, a lot of people have lost their jobs through no fault of their own and may be considering bankruptcy to get out from under debt. This is a list of the questions most commonly asked when considering bankruptcy. What can I keep if I file for bankruptcy? Although bankruptcy is mostly controlled by federal law; state law does come into play. Every state has what are called “exemptions.”...Read More - Considering bankruptcy?
Apr 14, 2020
Recently, a lot of people have lost their jobs through no fault of their own. To get through these uncertain times, many are wondering about their options under bankruptcy. This is a short guide to declaring an Ocean City or Baltimore bankruptcy. Bankruptcy allows consumers and businesses to eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. Many people feel ashamed when they can’t pay...Read More - What Can I Keep In a Chapter 7 Bankruptcy?
Jan 10, 2018
What Can I Keep In a Chapter 7 Bankruptcy? | The Law Offices of Thomas Maronick Jr. LLC For an individual, there are two types of bankruptcy – a Chapter 7, which is a liquidation, and a Chapter 13, which is a reorganization of debts. The names come from the part of the federal bankruptcy code that provides information and requirements for both legal proceedings. Bankruptcy involves both federal and state law. ...Read More - What Are the Debts That Can’t Be Discharged in a Maryland Bankruptcy?
Jan 3, 2018
What Are the Debts That Can’t Be Discharged in a Maryland Bankruptcy? | The Law Offices of Thomas Maronick Jr. LLC Many debts can be discharged during a Chapter 7 liquidation Dischargeable Debts Debts that can be discharged Credit Card Debt Medical Bills Lawsuit Judgments Against You Most Debts Arising From Car Accidents Obligations Under Leases and Contracts Personal Loans and more Nondischargeable Debts ...Read More