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Recent Blog Posts

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How Do You Declare Personal Bankruptcy in Maryland?

By Robert J. Haeger |

Filing for bankruptcy can seem like a daunting process at a time when you are already feeling overwhelmed by your financial situation.  Bankruptcy can provide important and necessary relief for individuals struggling with debt, but you do want to ensure that you go about your bankruptcy correctly and that you take the appropriate steps. … Read More »

held sign that reads what's your score?

How Long Must Bankruptcy Remain On Your Credit Report?

By Robert J. Haeger |

Bankruptcy is an appropriate and beneficial option for the millions of Americans struggling with debt.  Bankruptcy, does, of course, have its drawbacks.  Bankruptcy will impact your credit score, both directly and indirectly, for several years.  There are methods to speed up the process of rebuilding your credit score to ensure that your bankruptcy does… Read More »

Piggy bank in front of home to indicate home foreclosure

Foreclosures Down Nationwide But Up in Maryland

By Robert J. Haeger |

Foreclosure is one of the things that people struggling with debt fear most.  The rate of home foreclosures spiked with a recession beginning in 2008 as people across the country dealt with overburdened home mortgages, but thankfully nationwide foreclosures have been on the decline in recent years.  A recent market report indicated that 2018… Read More »

Social security income documents

How Social Security Income Affects Bankruptcy

By Robert J. Haeger |

Many Americans with limited income receive Social Security benefits.  When faced with mounting debt, people may be concerned that exercising the option of bankruptcy will disrupt or end Social Security payments, leaving them with no source of income, or that their Social Security payments will disqualify them from bankruptcy.  Below we explain how Social… Read More »

Foreclosure on home and foreign statutory trusts collects on foreclosure

Maryland Court Clarifies Rules for Foreign Statutory Trusts

By Robert J. Haeger |

A recent decision from the Maryland Court of Appeals provided an unfortunate setback for opponents of wrongful foreclosure and debt collector abuse.  Learn more about the ruling on foreign statutory trusts, and contact a practiced, effective bankruptcy and mortgage abuse attorney with any questions or for help with debt relief. Foreign Trusts Move to… Read More »

Student Debt Forgiveness sheet

Obama-Era Rule to Relieve Student Debt Finally Goes Into Effect

By Robert J. Haeger |

A rule was passed in the last few months of the Obama administration that would allow expanded and expedited student loan forgiveness under certain circumstances.  The rule’s implementation was delayed by President Trump’s Secretary of Education Betsy DeVos, but it is now finally in effect.  Read on for details about the newly available student… Read More »

Bankruptcy Law book

Bankruptcy Stigma Fading As More Older Americans File

By Robert J. Haeger |

Americans aged 65 years and older are filing for personal bankruptcy in record numbers, according to recent studies.  While filing for bankruptcy is no one’s ideal scenario, it is a useful and common tool for individuals facing mounting credit card and other debt.  Continue reading for more about this trend among older Americans that… Read More »

Debt collector writing on debt collection form

New Maryland Law Protects Against Abusive Lenders and Debt Collectors

By Robert J. Haeger |

A new Maryland law offers additional state regulation of lending and debt collection in order to protect consumers from predatory lending practices.  Most of the changes went into effect October 1, 2018, while some do not kick in until January 1, 2019.  Read on for details about the new law, the Financial Consumer Protection… Read More »

speedometer reads bankrupt

Will I Lose My Car if I Declare Bankruptcy?

By Robert J. Haeger |

If you are considering bankruptcy, you may worry that you will lose your car in the process.  Losing a car can create a difficult disruption in your life and your ability to continue generating income following the bankruptcy.  Luckily, filing for bankruptcy does not automatically mean giving up your car, even if you have… Read More »

Jar of coins with a savings sign - review tips to get out of debt

Try These Simple Six Steps to Work on Your Debt

By Robert J. Haeger |

If you find yourself staring down an increasing amount of consumer debt, you may be overwhelmed at the prospect of paying it off. Sometimes you need an outside perspective on simple steps you can take to chip away at mounting debt before it grows out of control. Read on to learn about tips to… Read More »