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Bankruptcy as a Federal Employee

Our Maryland Bankruptcy Attorney Explains Even after the reopening of the government, countless federal employees may still be feeling its financial effects. Between the shutdown and sequester, some individuals found themselves without a source of income for close to two months. Understandably, these circumstances have resulted in many families considering consumer bankruptcy as an effective debt relief method for their financial troubles. Our Washington DC bankruptcy attorney is experienced in helping people and their families find relief from the burden of overwhelming debt. If you are financially struggling in the wake of the federal government shutdown, contact our office today to explore your options. Is Bankruptcy Right for Me? It is natural to have some anxiety about seeking a solution to your debt through bankruptcy. Many federal workers do not consider bankruptcy out of a fear that it will affect their ability to stay employed with the government. However, it…
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Working With a Trustee During Bankruptcy

The trustee in charge of liquidating convicted investment con Bernard Madoff’s company also went after his wife, Ruth Madoff. The trustee explained that while he is not accusing Mrs. Madoff of having any part of the fraud perpetrated by her husband, he is seeking some of her property. The trustee’s complaint states that Mrs. Madoff transferred $11 million from one of Bernard Madoff’s Investment Security bank accounts to a real estate business in which she is part owner. Thus, while many of those affected by Mr. Madoff’s crime have been left with no means of supporting themselves, Mrs. Madoff is left living a life of luxury allegedly on their account. Mrs. Madoff still stands by her claim that she is just as confused by Mr. Madoff’s actions as anyone else. Since Mr. Madoff admitted to the fraud, the couple has given up more than $80 million of their assets to…
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Whether Spouses Should File a Joint Bankruptcy

A joint bankruptcy is an important decision that can have a lasting impact on you and your spouse. Even if only one of you is largely responsible for the joint debt, you are both responsible. A joint bankruptcy will show up on each spouse’s credit report and affect each spouse’s credit scores and ability to get low interest loans for years. If you are considering filing for bankruptcy and you would like to learn more about how your spouse may be involved, a Washington DC or Maryland bankruptcy lawyer can guide you through the process. Joint Bankruptcy Considerations The following are some of the factors that couples should take into consideration when deciding whether to file for joint bankruptcy. Type of debt and property. There are certain limits for filing a Chapter 13 bankruptcy. If you exceed these limits in a joint filing, you will not be able to proceed…
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The Importance of a Thorough Bankruptcy Creditor List When Filing

Anne filed her bankruptcy six months ago. While all of her creditors have stopped calling and harassing her, one collections agency is still calling her non-stop. Anne keeps telling them that she filed bankruptcy but they keep telling her that they have not received notice of the filing. She has called her bankruptcy attorney and found out that she forgot to tell her attorney about the debt. While her credit report included many of her debts, this one was not listed. Now, her bankruptcy attorney has informed her that she would have to pay additional funds in order to amend her bankruptcy court documents and add the collections agency to her list of creditors. This is why it is very important to include all creditors on your bankruptcy. In order to make sure that all of your creditors are included, make sure to tell your Washington DC or Maryland bankruptcy…
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