Bankruptcy Lawyer

It seems that whenever folks are desperate for help there is always a potential for unscrupulous entities swooping in. For example, in a recent case in Detroit, MI a petition preparer was sentenced to four (4) years in prison for violating various bankruptcy court orders. In 2012, a Maryland individual who posed as an atto…

Credit Suisse to pay $234 million to Fannie Mae and $651 million to Freddie Mac Federal Housing Finance Agency has recovered more than $10.1 billion from banks over the sale of toxic mortgage backed securities. Settlements have also being reached with Wells Fargo & Co, JPMorgan Chase, Citigroup Inc, Deutsche Bank AG, and Morgan …

In an ideal world, mail from creditors and debt collectors should stop after your chapter 7 bankruptcy is filed. Sometimes, creditors and debt collectors are slow to stop the collection letters but usually this can be dealt with in a simple phone call. For secured creditors such as car lenders and mortgage lenders the communication…

One universal fear whenever folks are thinking of filing bankruptcy is whether they are going to lose their valued possessions. For most folks they are worried about losing their home, car or tax refunds. Most folks are relieved to know that just because you file for bankruptcy does not mean you lose everything. The law has a way to…

As you may know from media reports, General Motors has issued some of the largest recalls in the country. The first recall deal with a condition with the ignition switch that may cause the keys to unintentionally move or switch to the “accessory” or “off” position, turning off the engine and most of the electrical components of the …

Citigroup has agreed to pay $1.13 billion to settle claims by investors who demanded that it buy back billions in residential mortgage-backed securities. The bank reached an agreement with institutional investors who purchased over $59 billion in home-loans-backed securities from 2005 to 2008. For the full story go to Dealbook . Go…

Debtors filed motion to reopen Chapter 7 case. The Bankruptcy Court , Paul Mannes, Chief Judge, held that debtors would not be allowed to reopen “no asset” Chapter 7 case to add previously unscheduled and unnoticed creditors to schedule of creditors holding unsecured nonpriority claims. http://www.mdb.uscourts.gov/sites/default…

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND BANK OF AMERICA, N.A. (USA), * f/k/a NationsBank, N.A. * * Appellant, * * v. * Civil JFM-99-3678 * KENNETH W. STINE, * * Appellee. * * ***** OPINION This bankruptcy appeal presents the question of whether a Chapter 7 bankruptcy debtor, exercising the av…

For a Baltimore and Maryland individuals and couples looking into bankruptcy, the way to understand your debts is to ask yourself the following two questions: Click here for my best Offer on Chapter 7 cases Can I wipe the debt off(discharge)? Do I want to save the property tied to a debt?

Common Terms The fear of losing one’s home can be a terrifying reality. Knowing your options in such circumstances is a must, and acting quickly is important to potentially save your home or, at least, get out of the mortgage with as much dignity and money as possible. For Baltimore and Maryland individuals and couples faci…

MEETING OF CREDITORS Typically 30-45 days after the case is filed,  a meeting of creditors is held. Debtor must attend the meeting of creditors and testify as to his or her case under oath. The trustee, U.S. trustee,  and creditors have the right to question the debtor about the facts of the case.  11 U.S.C. § 343. The truste…

If you are charged and convicted for DUI in Maryland, you face serious consequences. Hiring a knowledgeable DUI lawyer as soon as possible is advisable to ensure your opportunity to minimize the fall out or dismiss the charges altogether. The penalties you are likely to face include license suspension and maybe time in jail fo…

Baltimore Bankruptcy Lawyer – Chapter 13 (Reorganization) As for those individuals living in the Baltimore area who exceed the income requirements of a chapter 7, you may eligible to file chapter 13 bankruptcy. Chapter 13 bankruptcy is also referred to as re-organization and it involves consolidation of your debts into one si…

Statue of Limitations Statutes of limitations tell the parties the drop dead date of when a certain type of action can be filed with the court. The idea being that parties ought to live without the never ending threat of litigation. Therefore, if you have a claim you must act before the statute of limitations expire or stand …

New FHA Guidelines Soften the Impact of Economic Related Credit Issues The Federal Housing Agency (FHA) issued new guidelines as a response to the wave of recession driven bankruptcies, late payments, loan modifications and short-sales. The new guidelines allow borrower who can show that they have recovered from an econo…

Maryland Bankruptcy Exemptions are as Follows: Maryland Courts and Judicial Proceedings Section 11-504. Article – Courts and Judicial Proceedings § 11-504. (a)      (1)      In this section, the following terms have the meanings indicated. (2)      “Value” means fair market value as of the date upon which the execution …

Fighting for You In and Out of Court 1. Small Business Litigation I can help defend you and your business against malicious attacks. In addition, if you have a claim, I can aggressively protect your rights.

341 Meeting A meeting of creditors at which the debtor is questioned under oath by creditors, a trustee, examiner, or the United States trustee about his/her financial affairs Adversary Proceeding A lawsuit arising in or related to a bankruptcy case that is commenced by filing a complaint with the bankruptcy court. Assume An agr…

Consumer Rights under the Fair Debt Collection Practices Act The Fair Debt Collection Practices Act regulates the debt collection industry. Specifically, it targets third-party debt collectors working with consumers. Commercial debts or creditors collecting their own debts are not subject to the FDCPA. Among other things, the A…

Documents Required to Review Your Bankruptcy Case As your Maryland bankruptcy lawyer, I need the following documents and information to determine whether or not I can help you with your bankruptcy case. It may take some time  to get everything together but it is critical that you get everything so that I can properly asses your…