Category Archives: Maryland Bankruptcy

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Maryland Is Offering Relief to Poor Parents with Unpaid Child Support

The state of Maryland has reached out to low-income parents with unpaid child support, starting in Baltimore. Soon, the state discovered that fewer than 5,000 parents living in four small zip code areas in Baltimore alone owe more than $30 million in unpaid child support. Most of that $30 million is actually ‘state-owed’, because the parents’ child support payments are supposed to go to state government to reimburse the taxpayers for the welfare provided to custodial parents by the state. Why Aren’t Parents Paying? In the surveyed area, which is known to be marked by drugs and poverty, most parents earn $10,000 or less per year. Government agencies that do eventually track these parents to try and collect unpaid child support have an impossible time of it since the parent literally cannot make payments due to poverty. However, Joseph DiPrimio, director of the state’s child support enforcement office, refuses to…
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Maryland’s First Mariner Bancorp Files For Chapter 11 Bankruptcy

According to the Wall Street Journal, First Mariner Bancorp, a holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy last week and plans on selling itself. The bankruptcy was filed on February 10 in Baltimore. Court paperwork indicated that First Mariner Bancorp has less than $5.5 million in assets and more than $60.5 million in debts. The company said in a statement that it plans on recapitalizing 1st Mariner Bank with $100 million in cash. The bank itself will not file for bankruptcy and will operate separately from the holding company. No interruptions in services are expected for customers. 1st Mariner Bank operates 16 bank branches in central Maryland, according to the Associated Press. Where Can I Find a Maryland Bankruptcy Lawyer? As we mentioned last week, although it is used primarily for corporations and businesses, Chapter 11 bankruptcy protection is available to individuals with certain…
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Unemployment Insurance Fight Hurts Marylanders

According to an editorial in the Baltimore Sun, the failure of politicians to renew unemployment benefits for Americans recently cost 22,900 Maryland workers an estimated $7,472,270 per week. The op-ed, by Fred Mason, president of the Maryland-DC AFL-CIO, also said that if unemployment benefits are not extended by the end of the 2014, more than 82,600 workers would lose benefits. “In today’s economy, nearly three jobless workers apply for each job opening, and more than 37 percent of the unemployed have been out of work for at least six months,” Mason wrote. “Numerous studies have shown employers frequently discriminate against the long-term unemployed, leaving far too many workers in Maryland out in the cold. For the families of these job seekers, unemployment benefits represent the difference between total hopelessness and a place to live and food on the table.” Mason wrote that since 2008, more than 24 million Americans have…
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