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How Does a Maryland Bankruptcy Dismissal Differ from a Discharge?

What Is the Difference between a Maryland Bankruptcy Dismissal and a Discharge? When you have filed for bankruptcy, discharge is the desired outcome of that filing and discharge occurs when the debtor does everything they’re supposed to do.  The court enters a discharge once you, as the debtor: have confirmed a bankruptcy plan, made all […]

Should I Invade My IRA or 401K to Pay My Current Bills?

Extreme Caution: Invading Your IRA or 401(k) to Relieve Money Problems Might Ruin You When faced with paying your personal Maryland, Delaware, Pennsylvania or Virginia bills, considering whether to invade your IRA or 401(k) may seem to be a worthwhile possibility. Before you decide to draw down your IRA or your 401(k), you should know […]

My Assets Exceed My Allowed Exemptions; What Should I Do?

Over Exemptions? Pay Cash to the Trustee and Sleep Better The gold standard for Chapter 7 bankruptcies is the “no asset” case, when a debtor’s equity in his assets is less than allowed exemptions. Because so many people are way over leveraged, that happens 95% of the time. The “no asset” case is desirable for […]

Fix Real Estate Problems With Equitable Subrogation

Fix Real Estate Problems With Equitable Subrogation Real estate transactions may be very simple or incredibly complex. Further complicating the already intricate process of purchases and sales, creations of subdivisions and problems of zoning is the reality that almost every real estate transaction involves some degree of credit financing. Whether on the commercial side or […]

The Mortgage and the Business Bankruptcy

When a business fails the owners frequently find themselves facing their own personal bankruptcy. Owners considering bankruptcy want to discharge business obligations they’ve guarantied but still retain their home. This home is almost always subject to a significant mortgage. Because the mortgage is considered consumer debt, the mortgage may become an obstacle to the former […]

The Sad Bankruptcy of Edison Protégé Samuel Insull

Donald Trump Predux: The Sad Bankruptcy of Edison Protégé Samuel Insull Long before Donald Trump made national headlines for bankrupting his failing Atlantic City casinos, a great but lesser known industrialist named Samuel Insull found himself facing bankruptcy and charges of fraud and embezzlement. Insull had been an important figure in the growth of the […]

Serve A Complaint At The Individual’s Dwelling House Or Usual Place Of Abode With A Resident Of Suitable Age And Discretion

No Escape From The Muddy Goo: Almost Any Adult Can Be Served At The Defendant’s Home On TV, process servers appear as clowns, ice cream vendors or construction workers and after engaging the hero in offhand chatter force papers into his hand announcing “You’ve been served!” The hero looks down with an expression as if […]

Signed Documents Will Be Enforced Without A Good Defense

Most modern real estate settlements and other contract signings are frenzied and intimidating affairs. A person may be asked to sign dozens of documents they have had no chance to review. The documents contain hundreds of paragraphs of boilerplate printed in a tiny font. There’s no reason to “look out for the small print” because […]

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