Learn New Knowledge About Bankruptcy in Baltimore, MD

The country’s longest economic expansion has stopped in the first quarter of 2020. And as the economy is experiencing a sharp decline, this year has seen a steep rise in the number of bankruptcies. In Maryland alone, more than 7,200 businesses have filed for bankruptcy according to the American Bankruptcy Report, and that’s only from January to July. Many more companies are seeking the assistance of bankruptcy attorneys in Baltimore and other cities in Maryland as they decide to file for bankruptcy protection. As a result, you might be seeing less of your favorite establishments in 2021. Here are some big business entities that have decided to close some, if not all, of their doors to the public…

The Covid-19 outbreak has caused people to fear and worry for their health and the health of their loved ones. On top of that, it triggered the worst global recession the world has ever seen, leaving millions of Americans out of jobs and applying for unemployment. For most, this means financial instability – little or no personal cash inflow, getting behind on bills, and accumulating debts. When faced with this kind of crisis, you may be tempted to jump right into bankruptcy, but financial experts say that it’s very important to consider all your options first before filing for bankruptcy. If you are in Maryland and experiencing a financial bind due to the pandemic, you can consult with…

We all entered 2020 thinking that the year is going to be a blast. The business and economic sector, specifically, has marched into this year with more enthusiasm as compared to the previous years. Plans of expansions and employment for some specific branches within the economy are marked and plotted - in assumption of a smooth flowing year. All of these plans are because of the promising forecasts and implications from 2019’s economic stats.  At the beginning of the year, the hotel, travel, and retail industries in the US alone have recorded peak when it comes to construction, employment, and sales. These plans are yet to commence when Coronavirus (COVID-19) entered the scene. At first, the sector that…

Photo by: Pexels.com These times are hard indeed. Many people are closing down their businesses and many more are losing their jobs. Savings are running low and unpaid bills are accumulating fast. Even Baltimore, the most populous state in Maryland, is no exception to this crisis. So, if you find yourself buried in debt with nowhere else to turn to, maybe it’s time to consider filing for bankruptcy. And to help make sure that you do everything right, hire a  Baltimore-based bankruptcy lawyer to help you through it all. When you hear the word “bankruptcy”, you may automatically think about the death of a business. However, filing for bankruptcy is not necessarily a bad thing. Bankruptcy, ultimately, is…

settle a debt by Mike Cohen under Commercial Mods and Use licence Regrettable as it may be, people in Baltimore, Maryland often go online to search for and try to find a bankruptcy lawyer's aid. Quite honestly, it occurs all too often. You could say that one couldn’t be safe from the experience of suffering from debts and bankruptcy because even those who are as young as students struggling with student loans and other financial matters are already agonizing about this matter. Everyone knows that going bankrupt isn’t a pleasing experience. Aside from the fact that it’s going to hurt your credit score and that it’ll stay in your records for 7-10 years, the realization that you no…

As a Baltimore bankruptcy lawyer, we know that many people file for a Chapter 13 bankruptcy case in order to save some properties from foreclosure. As you may already know, Chapter 13 bankruptcy would take much longer to settle than Chapter 7. But, if you can pull it off, then the agony of having to pay monthly for 3 to 5 years will all be worth it. However, there have been many instances when Chapter 13 bankruptcies fail. In fact, 66% of cases fall through even after passing tests and getting approval from the judge. And because it requires a long time to complete, failure would take a heavy toll on the debtor. So if you ever find yourself filing…