26
January

Refuse Jail Time: Avoiding Bankruptcy Fraud

When filing for bankruptcy, some unscrupulous individuals may try to forgo looking around Baltimore for a bankruptcy attorney and instead conceal their assets or undertake other shady tactics to avoid paying too much. If you didn’t already know, this is bankruptcy fraud and is highly frowned upon in law and business. In general, bankruptcy fraud is the act of attempting to or succeeding at cheating the court out of paying the full amount called for in the bankruptcy plan. It also involves confusing or disrupting normal bankruptcy processes so that the attorneys, creditors, and other personnel are not able to engage in fair business. According to the Legal Resource Institute at the Cornell Law Institute, 70% of bankruptcy fraud cases … Continue Reading »

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6
September

SUCCESS STORIES – BOUNCING BACK FROM BANKRUPTCY

Donald Trump. Love him or hate him, the name will always be synonymous with casinos and real estate. But it was not too long ago when the current president of the United States went bankrupt. In fact, Donald Trump filed bankruptcy over six times during his career in the industry. But that did not stop the real estate tycoon from bouncing right back. One of his most famous bankruptcy stories is the Trump Taj Mahal, a casino venture that forced Trump to file for chapter 11 bankruptcy 1 year later, upon which it emerged mere weeks after filing. Continue Reading »

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29
June

Surviving Bankruptcy: How to Rebuild Your Life After Bankruptcy

Have you ever wondered what it’s like to go bankrupt? Well, let’s just say that it’s not a very pleasant experience at all. But, if you do happen to experience filing for bankruptcy, just know that there are ways you can recover from it. Of course, one of the first things you should do, especially when you’re in Baltimore, is to hire a bankruptcy lawyer before everything else. However, once you end up losing a lot more than you bargained for, there isn’t really much else you can do. Continue Reading »

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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 »

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

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 »

Read more: Pitfalls of Trying to Handle Bankruptcy without a Baltimore Bankruptcy Attorney