Do you want to find out quickly how bankruptcy works? Then download our free slideshow that goes over the basics of bankruptcy in an easy to follow format. Download slideshow now. If you like summaries and visual demonstrations, then this slideshow will help you quickly grasp the basics of the bankruptcy process. You’ll learn things […]
Bankruptcy exemptions work in both Chapter 7 and Chapter 13 bankruptcy cases, and Maryland state law applies to those filing for bankruptcy in Baltimore. Bankruptcy exemptions help protect certain assets of yours, like your car or home, during the bankruptcy process. Federal Vs. State Exemptions Some, but not all, states adopt the federal guidelines for […]
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 […]
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 […]
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 […]
I enjoy looking around on the web and reading what other lawyers have to say. Just today I came across a list of DO’s and DON’Ts for filing bankruptcy by Carmen Dellutri, a well-respected bankruptcy attorney in the state of Florida. The interesting thing about bankruptcy law is that it is Federal law, which means, […]
There are two type of bankruptcy for individuals, Chapter 7 and Chapter 13. Chapter 7 is for people who cannot afford to pay their bills and do not have a lot of property. Chapter 7 is not a restructuring, it is a complete elimination of all debt and gives the debtor a fresh start. Common […]
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 […]
A question people ask is if there is a way to remove a dismissed Chapter 7 bankruptcy. Once a Chapter 7 bankruptcy is dismissed, it cannot be removed. However, if a Chapter 7 bankruptcy is dismissed, the debtor simply needs to wait 180 days (6 months) in order to file another Chapter 7. What Can […]
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.
