Category Archives: Newsletters

Newsletters about bankruptcy and issues related to bankruptcy, such as bankruptcy laws, seeking bankruptcy exemptions and the truth about filing for bankruptcy.

Will Bankruptcy Ruin My Life?

Washington DC Bankruptcy Attorney Explains Why the Answer is No You feel like you are buried up to your neck in debt. Time and time again you have worked long hours, extra jobs, saved and maybe even borrowed more to help dig yourself out of the hole. But, you feel like it is to no avail. Maybe you are behind on mortgage payments. Or, maybe you face massive bills due to an unexpected need for medical treatment. You know that bankruptcy can ease some of your debt obligations. However, you are worried that it will be a financial death sentence. So, you ask yourself, “will bankruptcy ruin my life”? We understand and the answer is “no”. The Straight Truth About Bankruptcy Bankruptcy is a multi-step process. The exact details of it depend on whether you file under Chapter 7 or Chapter 13. However, regardless of what you file, your bankruptcy…
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Can Bankruptcy Affect a Wrongful Death Lawsuit?

Maryland Lawyer Explains How Personal Injury and Bankruptcy Law Intersect Recently, a wrongful death lawsuit involving a Baltimore church van was halted by a bankruptcy filed by the pastors of the Victory Outreach Baltimore Church. Five people died when the van sped off the highway and crashed, leaving only ten survivors. The victims’ family members filed a lawsuit against the church, but due to the bankruptcy claim, compensation for the victims’ families will have to wait until the bankruptcy is resolved. This sad news item gives us the opportunity to reflect on an important question: How can bankruptcies affect a wrongful death lawsuit? How Bankruptcies Can Impact Wrongful Death Lawsuits In the case of the Baltimore church van, the lawsuit was halted in part because the pastors had petitioned a US Bankruptcy Court the day before the wrongful death case was filed. A bankruptcy filing, with limited exceptions, puts an…
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What to Expect When Filing for Bankruptcy

The decision to file for bankruptcy is not an easy one. The stigma, the damage to your credit and the loss of certain assets can be a struggle. However, filing for bankruptcy is often the best option to reset your finances and move forward into the future without the burden of mounting debt. For individuals considering bankruptcy for the first-time, here is some important information that will prepare you for the process. The Difference Between Chapter 7 and Chapter 13 Bankruptcy Chapter 7 bankruptcy involves liquidating assets in order to discharge most or all of your debt. If you opt for Chapter 7, then you may be able to keep some of your assets. However, you will most likely have to give up the majority of your non-exempt assets. On the other hand, Chapter 13 bankruptcy involves creating a payment plan to pay creditors over a period of time. Chapter…
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