30
May

Debt in Everyday and Corporate Life, and the Key to Avoiding the Debt Problem

Baltimore’s bankruptcy lawyers actually have a part to play in settling large amounts of unpaid and overdue debt both in the individual and corporate levels. Read this blog to learn more about debt and the key on how to actually turn debt into a good thing. Continue Reading »

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27
April

A Primer on Bankruptcy: Definition, Causes, the Financial Danger Zone, Your Car and Bankruptcy

Bankruptcy 101 Filing for a bankruptcy can be an incredibly intimidating task for most people, especially the inexperienced. There’s nothing to be feared! You can get assistance from Baltimore’s bankruptcy lawyer: Richard Hackerman. Let’s do a quick crash course on the fundamentals of bankruptcy. Bankruptcy is defined as “a legal status of an individual or entity wherein they cannot repay debts to their creditors.” Bankruptcy is often initiated by the debtor, and in most jurisdictions is imposed by a court order. Basically, you’re legally stating that you’re unable to pay your debts. You might be wondering: “Why do people declare bankruptcy?” and “How does declaring bankruptcy help me?” It’s simple: People find themselves in a rut (financially, personally, socially) that … Continue Reading »

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22
March

Pitfalls of Trying to Handle Bankruptcy without a Baltimore Bankruptcy Attorney

In some instances, people file for bankruptcy because they do not fully understand what it can or cannot do, or they simply do not know what their alternatives are. Some scary situations may force a person to file even when they don’t really need to. Continue Reading »

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24
January

How to Work with Your Baltimore Bankruptcy Lawyer

Before I start, let me remind you that it is never, I repeat– never, a good idea to handle bankruptcy on your own! Yes, doing it yourself may save you a buck or two at the start; however, if you’ve got no idea about how bankruptcy truly works then you’re in for a very nasty surprise which might make you screw things up pretty bad. So bad that you’ll come out worse off than you started with in the first place. So, unless you’re an expert yourself, just hire a Baltimore bankruptcy lawyer to take care of it. Continue Reading »

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28
December

‘Bankruptcy’ Is Not a Bad Word!

Being in debt doesn’t bring up the best of feelings! You get paranoid every time you see those dreaded names popping up on your phone whenever you get a phone call. Even something as simple as checking the mail becomes a test of courage. Sleeping at night becomes nearly impossible as thoughts of how you to pay your debt plagues your every thought. Being in debt entails dealing with a lot of stress especially if you owe a huge amount of money you know you cannot pay. However, as a Baltimore bankruptcy lawyer, I can tell you that it is not the end of the world. You might not believe it, but a chance to start afresh is not out … Continue Reading »

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27
November

Benefits of Filing for Chapter 13 Bankruptcy

Many people do not want to file for bankruptcy, but if it is absolutely necessary, they will have to choose between Chapter 7 or Chapter 13. To further understand which your best option is, it is necessary to consult with a Baltimore bankruptcy attorney. Many people often benefit from filing for Chapter 13 bankruptcy which is a payment plan that lasts 3-5 years. The length of this payment plan can be discouraging for some while Chapter 7 bankruptcy may seem initially more preferable. However, there are various advantages that are not available in Chapter 7, and it may be the best solution for your long term financial health. Continue Reading »

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17
October

Causes of Bankruptcy in America

Here are the most common causes of bankruptcy. If you think you are bankrupt and would want to declare your situation, call Richard Hackerman at 410-243-8800! Continue Reading »

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12
September

How to Manage Emotional Stress During Bankruptcy

People say that money can’t buy happiness, but if you do not have enough, it can definitely trigger negative emotions such as sadness, fear, stress, embarrassment, and depression. If you are financially broke, creditors will start calling you, you will not have enough to pay bills, your electricity will get cut off, and it can only add stress to your already difficult life! Continue Reading »

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22
August

Items to Bring to your First Appointment with a Bankruptcy Attorney

A bankruptcy lawyer can help you assess what your rights are. If you’ve never talked to a bankruptcy lawyer before, or are preparing for your first meeting, you may be nervous and may not know what to expect. Here are items that most bankruptcy attorneys cover in client meetings. Continue Reading »

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12
July

How To File Chapter 7 Bankruptcy in Baltimore

For many of us, just paying off the bills seems like a Herculean task. Each month, those bills just seems to spirit away all of our hard earned cash leaving us with very little to survive on. Does this put you in doubt on whether you’ll be able to survive past the next couple of months? If so, all is not lost. Determine if bankruptcy is the best option for you at this time and if you need to learn how to file chapter 7 bankruptcy. First of all, know that deciding to file for bankruptcy should not be taken lightly. This should be your last resort as it directly affects your future creditworthiness. Before filing, you should find out … Continue Reading »

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13
June

Warning Signs You are Headed for Bankruptcy

When you are on unstable financial ground, it should be pretty obvious to you. There may be several things that may cloud your vision of what is supposed to be a clear picture, leading you now to seek the services of a bankruptcy attorney. Identifying red flags for an impending personal financial crisis is very significant. This may be the only thing that will keep you from having to file for bankruptcy. Here are a few warning signs to watch out for: Your credit card is at its limit. You have maxed it out! When you start using up all available credit, it’s a major sign that you probably cannot afford to maintain it. It is important to use your … Continue Reading »

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6
June

Why do people go bankrupt?

People go bankrupt cause of job loss, reckless spending, illness and divorce to mention a few. Contact Richard Hackerman, a bankruptcy lawyer to help you!

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29
May

Bankruptcy: Why Having Too Little Can Mean So Much

As much as people want to deny it, money makes the world go round. It allows you to live, it helps you survive. With great importance put on money, it’s not surprising to see people fear scarcity — struggling to pay the bills, scrambling to make ends meet, and battling for a way out. No one wants a life like that, but unfortunately, a life where there is too little exists. Some people are faced with impossible financial situations where any effort to overcome it seems futile. If you are one of them, know that there is hope. A bankruptcy attorney can help you out. Being deep in debt and way behind your payments is indeed a scary situation. Filing … Continue Reading »

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25
April

Detrimental Mistakes People Commit Before Filing for Bankruptcy

If you’ve found yourself in a very difficult situation due to high medical bills, loss of income or perhaps a divorce, and you’ve come to a decision that for filing bankruptcy is your best option, you need to be very careful with your actions prior to officially filing for one. Talk to any bankruptcy attorney in Baltimore, Maryland and you will be given some list of moves that may be detrimental to your bankruptcy case. It is important to avoid these mistakes so that the entire process will go smoothly.

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19
April

Lessons That You Can Learn From Filing for Bankruptcy

If your bills are piling up and you are running out of ways to settle all your debts, then filing for bankruptcy may be your best choice to get that needed fresh start. Admitting to yourself that you are truly in debt is hard. Like your current situation wasn’t difficult enough, now you’re faced with an entire bankruptcy process!! Settling all your debts and going through this procedure won’t actually be as difficult as you think, if you have the right help that you need — Richard Hackerman, a  Baltimore bankruptcy attorney. Filing for bankruptcy may seem like a scary and difficult process for many, yes, but it doesn’t have to be. With Richard Hackerman, you will be well taken … Continue Reading »

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13
April

What to Avoid When Filing for Bankruptcy

Making the decision to file for bankruptcy can be very difficult. It could even get more complicated if you make mistakes with your finances prior to filing for bankruptcy, as well as during and after the filing. A considerable amount of preparation and work has to go into your case. During this time, it is usually best to talk to a Baltimore bankruptcy attorney to make sure your financial statements are in order and to avoid any more problems in the future. It’s a fact that there are many things that you should do or should not do which can have serious effects on the success of the filing for bankruptcy. That is why you will need a lawyer who … Continue Reading »

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30
March

Rich Gone Broke: A Few Celebrities Who Declared Bankruptcy

Declaring bankruptcy works. Celebrities do it too! Look how these famous personalities bounced back from debt.HENRY FORD Engineer and Businessman First attempt at his own firm, Detroit Automobile Company, didn’t work out Bankrupt 1901

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23
March

Bankruptcy Myths To Help You Differentiate Fact From Fiction

Filing for bankruptcy is never a pleasant nor a simple experience. One can get caught up in all the false information and misconceptions that has been said about this painful process.

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24
January

Starting Anew After Bankruptcy: Rebuilding Your Credit and Finances

Once you filed a Chapter 7 or Chapter 13 bankruptcy and received your discharge, what next? Start anew! Here are ways to rebuild your credit, finances and your life in general after bankruptcy!  

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17
January

Simple Tips to Avoid Foreclosure

If you fail to pay your home mortgage payments, foreclosure may come as a result. Foreclosure is the legal means that your lender can use to repossess your home. When this happens, you will have to move somewhere else.

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