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Recent Blog Posts

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CFPB Wins $21 Million Judgment Against Predatory Maryland Debt Relief Firms

By Robert J. Haeger |

The Consumer Financial Protection Bureau (CFPB) recently won a default judgment against two Maryland debt relief firms for misleading consumers about their debt-relief programs.  Read on to learn about the case, and if you are worried about the debt you face, seek the help of a legitimate and knowledgeable Maryland bankruptcy attorney to answer… Read More »

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Discharging Student Loan Debt in Bankruptcy May Soon Be Easier

By Robert J. Haeger |

In the United States, student loan borrowers collectively owe almost $1.5 trillion in student debt.  A recent U.S. Department of Education report found that nearly 40% of those loans may go into default by 2023; the rates are even worse for students at for-profit schools.  Despite this massive burden, discharging either private or federal… Read More »

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Check This List for Signs You’re Inching Toward Debt Trouble

By Robert J. Haeger |

Most Americans have at least some consumer debt. In fact, accruing and, subsequently, paying back consumer debt is the only way to create a credit history that financial institutions can use when considering your application for loans to purchase large items. That said, whether due to a tragic injury or illness, the loss of… Read More »

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Past-Due Income Tax Debts? How Filing for Bankruptcy Can Help

By Robert J. Haeger |

Tax season has arrived. If you owe back taxes, this time of year may bring renewed worry about how you’ll manage to satisfy the tax debts you owe along with paying your other debts. Most people assume that bankruptcy can’t help reduce the amount of a debtor’s past-due income taxes, but this isn’t entirely… Read More »

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What is Debt Reaffirmation, and When Should You Do It?

By Robert J. Haeger |

If you file for bankruptcy under Chapter 7, one of the most important decisions you may need to make during the bankruptcy process is whether or not to reaffirm certain debts. This decision requires serious thought and is one that may benefit from professional advice. Read on to learn more about reaffirming debt in… Read More »

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Don’t Fall for These Common Myths about Bankruptcy Filings

By Robert J. Haeger |

The process of filing for bankruptcy and rebuilding your credit afterward is surrounded by some mystery and confusion. Misconceptions about the bankruptcy process can result in a poor understanding of who is or isn’t a good candidate for a Chapter 7 or Chapter 13 filing. Below, learn the truth about some of the most… Read More »

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Watch Out for Errors on Your Credit Report

By Robert J. Haeger |

The information and score reflected on your credit report can have a major effect on nearly every aspect of your life, ranging from qualifying or disqualifying you for a line of credit, to determining whether a potential employer offers you a job, to whether you get the apartment you want. The accuracy of your… Read More »

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What Happens When You Complete a Chapter 13 Bankruptcy Case?

By Robert J. Haeger |

Completing a bankruptcy payment plan under Chapter 13 may not seem easy, but it does bring a great many benefits for those who can stick with it. Unlike some Chapter 7 bankruptcy cases, Chapter 13 petitioners are typically able to retain their property and can return to having a healthy credit score in less… Read More »

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How Chapter 13 Can Help You Strip a Second Mortgage

By Robert J. Haeger |

If you’re like many homeowners, your home is one of your most cherished possessions. You’ve made countless memories there with your family and have put thousands of dollars (and almost as many hours) into making it look and feel like home. If you’re having difficulty keeping up with first and second mortgage payments, you… Read More »

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What Happens to a Divorce Settlement Received during Your Bankruptcy?

By Robert J. Haeger |

When you’re filing for bankruptcy under Chapter 7, any property you own at the time of filing will be considered part of your estate. However, certain types of property received after you file for bankruptcy can also be included in your estate. If you’re going through a divorce during a bankruptcy, this could result… Read More »