Making Bankruptcy Work….The Donald Trump Way

The campaign for the presidency of the USA generated a lot of heat and dust. One of the issues that was raised repeatedly is the many bankruptcies that now President Donald Trump has undergone. One of the questions that appears to amaze a lot of people is how he is still a billionaire after having gone through four bankruptcies. The answer is quite simple. Donald Trump has NEVER declared bankruptcy. Astonished? Don’t be. The details are important. Donald Trump has never declared personal bankruptcy. Instead, the organizations of which he has been a part owner through his shareholding have declared bankruptcy under Chapter...

26 July

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Choosing Bankruptcy: Chapter 7 Vs. Chapter 11

Posted by Gene Kirzhner

in Bankruptcy Law

criminal attorney Maryland, criminal attorney MD

Finding yourself in a situation that might force you into bankruptcy is a trying and difficult time. The process is complex, you have creditors clamoring for money, dunning phone calls, and it’s probable you’ll be served papers and required to go to court. This is something you absolutely, positively cannot handle by yourself. You need the skill and counseling of a crack bankruptcy attorney who can guide you through procedure, so that you’ll be able to retain as many of your assets as possible. And one of the first things you’ll want to discuss is which road to bankruptcy should you take. Once...

26 July

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How to Stop Your Home from Being Foreclosed In Maryland

Posted by Gene Kirzhner

in Bankruptcy Law

While the rate of foreclosures on Maryland homes has been slowly declining in the last few years, the numbers are still staggering. On average, about 3,500 homes go into foreclosure proceedings each month. Statistically, that’s close to double the national rate. And if you’ve missed a couple of payments in a row, you could well be headed toward foreclosure of your home. So, what can you do to stave off foreclosure? A number of things. Don’t hide from your lender! Many people make the mistake of going on as if nothing has happened, perhaps hoping they’ll be able to “catch up”. They ignore late...