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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 Bankruptcy did not stop him from pursuing his passion. He saw it as a way to start over and Founded the Ford Motor Company in 1903 Net worth: $199B WALT DISNEY Film Producer and Entrepreneur Film deal turned sour and lost his first film company, Laugh-O-Gram Bankrupt 1921 Discouraged but not defeated, Debuted Mickey Mouse in 1928 Marked the birth of The Walt Disney Company Net worth: $5B What We Can Learn Declaring bankruptcy helps you start over. Getting back up may not be…


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. Despite this very confusing area of law that needed to be navigated, it is important to speak with a Baltimore bankruptcy lawyer before you proceed in filing for bankruptcy. Moreover, we are here to clear up some of the common myths in order for you to differentiate fact from fiction: You will lose everything: This is a huge misconception because most people who file for bankruptcy do not end up losing anything. While laws can vary from state to state, it is important to consult with Baltimore bankruptcy lawyer who…


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. If your home is worth less than the total amount you owe for your mortgage loan, a deficiency judgment could be pursued and you would not only lose your home, but you would owe your lender an additional amount of money. Your foreclosures, as well as deficiency judgments, could affect your ability to qualify for any credit in the future. To stop foreclosure, an attorney in Baltimore will surely be of great help to you. If you are experiencing…


What Happens After You Declare Bankruptcy?

Declaring bankruptcy is a rough time in anyone’s life. Several people are under the impression that filing in the first place means that your financial life is essentially over. This is not true in so many ways. In fact, bankruptcy is a convention that was set up to help those who are financially struggling to recover in a graceful manner. There are certain disadvantages to filing for bankruptcy but, in most cases, the benefits outweigh the drawbacks. However, in this article, we will discuss a number of ways to put your life back together after filing for one. Getting your finances back to a good standing is difficult but not impossible. After contacting a Baltimore bankruptcy attorney and…





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