03 Dec 2019

Things To Consider If You’re Filing For Bankruptcy And Self-Employed

Being self-employed can have a number of benefits including flexibility, autonomy and the power to make your own decisions. But it also means wearing multiple “hats”. People who are self-employed may be small business owners, or they may be freelancers or independent contractors. They may be responsible not only for their actual product or service, […]

Self-employed business owner reviewing finances. Bankruptcy can be a viable option for self-employed individuals who are facing financial difficulties
27 Nov 2019

Bankruptcy Estate, Bankruptcy Exemptions –  What Does It All Mean? 

If you’re considering filing for bankruptcy, you may hear the term “estate” and wonder what that’s about. In this instance, it doesn’t refer to a large home or mansion or to the belongings of someone who has passed away like an “estate sale”. In a bankruptcy case, the “bankruptcy estate” simply refers to everything the […]

Worried couple using their laptop to pay their bills at home in the living room
18 Oct 2019

Can A Creditor Freeze Your Bank Account?

Injuries or family illnesses, divorce or job loss are unexpected life events that can cause people to slowly slip deeper and deeper into debt. Pretty soon, letters start arriving from creditors followed by relentless collections phone calls. In this situation, it’s easy to feel overwhelmed, especially if funds are not available to pay off the […]

Young man reviewing bills. If you find yourself in debt, it is important to understand if and when a creditor can freeze your bank accounts.
09 Sep 2019

How Much Debt Is Needed To File For Bankruptcy?

Despite valiant efforts to keep bills paid in full in a timely manner, sometimes debt can creep up and then quickly become overwhelming. Unexpected life events such as a car accident or a prolonged illness may result in high medical bills. Likewise, divorce or other life changes can result in unplanned expenses or skyrocketing credit […]

Concerned young couple looks over a stack of bills. For many people, filing for bankruptcy is a sensible option that offers almost immediate relief from harassing debt collection phone calls and a way out from under a growing mountain of debt.
09 Jul 2019

Bankruptcy And Health Savings Accounts

Debt often starts to pile up slowly – it can come about from the loss of a job, divorce, excessive credit card expenditures or unexpected medical bills. But debt is rarely static. If left unattended, it will continue to compound and grow over time and can quickly reach unfathomable proportions. When this occurs, bankruptcy may […]

Health insurance forms and hundred dollar bills. if you have an HSA, FSA or HRA account, you may be concerned that filing for bankruptcy will put those accounts at risk.
07 Jun 2019

Filing For Bankruptcy As A Union Employee

It’s easy for financial setbacks that start as small issues to grow over time until they really spiral out of control. Medical bills, home and automobile repairs and expenses associated with growing children and aging parents can add up to debts that you can’t get out from under. Bankruptcy can be a very practical option […]

Bus driver sitting in his bus on tour
02 May 2019

Can I Lose My Social Security If I File For Bankruptcy?

  Despite best efforts, sometimes circumstances that are well beyond our control result in an overwhelming amount of accumulated debt. High medical deductibles associated with unexpected health issues, such as a prolonged illness, a newly diagnosed chronic condition or a surgery resulting from a fall, along with the ever increasing cost of prescription medications can […]

Concerned senior reviewing finances. Seniors who receive Social Security benefits often worry if filing for bankruptcy will affect their ability to receive disbursements
05 Apr 2019

Filing For Bankruptcy If You Work In Finance

Life is full of surprises and unexpected events and sometimes, despite our best planning, it can get the better of us. A divorce, a lawsuit, an accident or extended illness that results in high medical bills can translate to rapidly growing, accumulated debt. Bankruptcy is a legal process that is available in these types of […]

Financial advisors reviewing a portfolio.
22 Feb 2019

The Pitfalls Of Filing For Bankruptcy Without An Attorney

Between 2005 and 2017, close to 13 million bankruptcy petitions were filed with the U.S. courts, and this number is only expected to grow. There are a number of reasons that people seek to reorganize their finances through bankruptcy, from overwhelming healthcare costs, to job loss, to divorce or high mortgage payments in a devalued […]

Baltimore bankruptcy attorney in a law office
28 Dec 2018

Filing For Bankruptcy As A Firefighter Or EMT

Are you a firefighter or EMT who is dealing with a huge burden of debt? Financial difficulties can be extremely stressful, and your high-pressure job requires that you be alert and focused 100% of the time – lives depend on it. Depending on your situation, filing for bankruptcy can be a practical and expedient way […]

Filing for bankruptcy as a firefighter or EMT