Tag Archives: bankruptcy court

Can Declaring Bankruptcy Stop an Eviction?

On most commonly asked questions within the domain of bankruptcy is whether it can stop an eviction. The answer is not a simple yes or no. Your circumstances ultimately determine whether something called “automatic stay” can be used to stop an eviction. When Will Automatic Stay Stop an Eviction? As its name implies, an automatic stay goes into place without any necessary action on the part of the evictee. However, tenants must inform their landlord if they choose to file for bankruptcy. Automatic stay provides a buffer by prohibiting creditors from continuing their collection efforts. They do not prevent eviction, but they give you extra time to get your finances in order. There are some exceptions to the automatic stay, however, that allow landlords to continue with eviction even after bankruptcy. If your landlord has already attained a judgement for possession of your property, for instance, then he would be…
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Do Not Wait Too Long To Arrive At the ‘Last Resort’

Whether it is basic misconceptions about the process or just personal shame, the idea of declaring bankruptcy leaves far too many of my clients wondering why they waited so long to set up an initial consultation with my office. It is important to remember that delaying or failing to file bankruptcy often makes bad situations even worse. If you have been considering Chapter 7 or Chapter 13 bankruptcy, you should know that there can be a tremendous risk in trying to keep up with mortgage or credit card payments while hoping to find a new job or second job. First of all, too many people end up depleting their savings in the effort to keep up, thus risking not having enough money to even file for bankruptcy. Worse yet, I have had clients who, after exhausting their savings, decided to tap into their 401ks or IRAs to continue paying bills….
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Study Tracks Foreclosure’s Effects On Children

Maryland is among the worst rates in the country for infant health, according to a report from the Baltimore-based Annie E. Casey Foundation released on August 17, 2011. The Baltimore Sun reported that Maryland ranks 41st for percent of low-birth weight babies, at 9.2 percent in 2008, and 42nd in infant mortality, with 8 deaths per 1,000 live births in 2007. The report included the number of children affected by foreclosure as well as the number of households with at least one unemployed parent in the analysis for the first time as part of the foundation’s effort to determine the recession’s influence on kids, according to the Sun. Since 2007, nearly 4 percent of Maryland’s children were in households that experienced foreclosures. While that is the same as the national average, about 8 percent of the state’s children were living in households with at least one unemployed parent in 2010…
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