Bankruptcy has the potential of giving you a clean financial slate; however, it also makes one worry that they’ll never have decent credit again. After all, it can stay on your credit reports for up to 10 years. But did it ever occur to you that your credit score after bankruptcy may not actually be […]
Author Archives: richardhackerman_2020
Bankruptcy Predictions for 2021
The previous year was a hard one for all of us. With the constant threat of the spread of COVID-19 all over the world, many people were confined to their homes for fear of contracting the virus. Hospitals overflowed while businesses closed, making it hard for people to earn a living. Countless people lost their […]
Warning Signs of Imminent Bankruptcy
The current COVID-19 pandemic shook the world on its discovery, causing widespread panic and fear to clutch the hearts of many. Countries barred foreigners from entering, hospital beds filled up faster than ever, and businesses all over the world started closing. The majority of small businesses, in particular, bore the brunt and were not able […]
Are Bankruptcy Laws the Same in Every State?
When one has no choice but to file for bankruptcy, it is important to learn a little more about it before diving headfirst into the process. Better yet, it is always a good idea to hire a bankruptcy lawyer, whether you’re in Baltimore or anywhere else, so you don’t feel like a fish out of […]
Chapter 7 or Chapter 13, Which Type of Bankruptcy is Right for You?
The first step to filing for bankruptcy is admitting that you need to file for one. The next one is figuring out which type of bankruptcy to file. Now, this process may be daunting, but you must choose correctly so you won’t waste a lot of time and effort. Better yet, hire a local Baltimore […]
Pros and Cons of Filing Chapter 7 Bankruptcy
When you have reached the point where you are already struggling to make ends meet, creditors seem to be harassing you left and right, and you find it hard to follow your daily routine, it’s probably time to file for bankruptcy. Chapter 7 Bankruptcy is a way for you to get a fresh start as […]