20 Aug 2014

The 5 Most Common Reasons Why People File For Bankruptcy

In the United States, over one million people file for personal bankruptcy every year. The reasons are numerous, but in only a few causes account for the majority of bankruptcy cases. In many cases it is not the person’s fault at all. Let’s look at the top five reasons why people file for bankruptcy. Number […]

14 Aug 2014

Sirody & Associates Helps You Understand The Bankruptcy Means Test

When filing for personal bankruptcy there are two options: Chapter 7 and Chapter 13. The bankruptcy means test helps determine if you qualify to file for the less rigorous Chapter 7. Higher income individuals who fail the means test must file for Chapter 13 and repay a portion of their debts according to a court […]

Stacked coins on Scales of Justice, symbolizing the Means Test.
06 Aug 2014

Retirement And Bankruptcy – Baltimore Residents Need To Know

If you are facing retirement and a large debt at the same time, the decisions you make are critical for your financial future. Sometimes unpaid debt due to medical bills leads to bankruptcy. Baltimore and Maryland law provide for these kinds of situations. Let’s see how you can cope with retirement and bankruptcy. Medical Bills […]

15 Jul 2014

Chapter 7 Bankruptcy – Baltimore Attorney Jeff Sirody Explains

Get sound legal advice from Sirody & Associates. Image Source If you live in Maryland and are facing financial hardship, you might be considering bankruptcy. This article describes the process for filing for Chapter 7 bankruptcy. Baltimore attorney Jeff Sirody explains that in Chapter 7 your nonexempt assets are sold to pay the claims of […]

30 Jun 2014

Free eBook About Bankruptcy – Baltimore, Maryland Area

For all your legal questions, Sirody & Associates is pleased to announce the release of our free eBook that has all the information you need about bankruptcy. Baltimore, Maryland residents facing financial difficulty will especially benefit from this book as it is tailored to our geographic area.

22 May 2014

Stop Collection Letters And Calls – The Advantages Of Bankruptcy

Image Source If you are behind on credit card or mortgage payments you might be receiving letters or phone calls from collection agencies. This can be a great source of stress for anyone facing financial difficulties. One way to recover from a difficult debt situation is to file for bankruptcy. Stopping the collection letter is […]

09 May 2014

In-Depth Guide To Filing For Bankruptcy In Maryland

Bankruptcy is a legal process offered to persons that cannot repay their debts. It is a way for a person, under the protection of the law, to get a fresh start financially without the burden of preexisting debt. Bankruptcy can stop house foreclosures, car repossession, and wage garnishment. Bankruptcy status also protects a person from […]

15 Apr 2014

How Bankruptcy Can Be Good For The Economy

The circumstances that lead to personal bankruptcy are never easy. Frequently, expensive medical care is to blame. Perhaps a business didn’t meet its financial goals, or maybe a person lost their job and couldn’t keep up with the bills. In some situations accidents or even natural disasters can lead to insurmountable credit problems. However, filing […]

03 Apr 2014

Bankrupt in Baltimore: Steps to Filing for Bankruptcy In Maryland

If you live in Maryland and are facing serious credit problems, you might be considering filing for bankruptcy. Federal law changed in 2005, and it is important to be aware how these changes affect anyone considering bankruptcy filing. As you can see below, the steps to filing for bankruptcy in the State of Maryland are […]

26 Mar 2014

What Does A Bankruptcy Lawyer Do?

Due to the complexity of bankruptcy law, there are attorneys that focus their practice on bankruptcy. For personal bankruptcy, you are not required by law to have legal representation. However, the smart thing to do in complex situations is get professional help. Stress Relief One of the most important jobs of the bankruptcy attorney is […]