What To Consider When Choosing The Best Bankruptcy Lawyer in Northern Virginia

The chances of people ending up filing for bankruptcy are increasing because of the uncertain and highly fragile global economic environment. If you are a North Virginia resident, grappling with a financial situation that’s becoming increasingly difficult to manage with every passing day, you need the services of a competent and experienced bankruptcy lawyer Northern Virginia. It is very important that you understand the implications of dragging your financial crisis to the edge. There are people who believe that filing for bankruptcy is not such a good move as it can affect their reputation and ability to raise loans in the future....

29 March

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What Is Chapter 7 Bankruptcy and What Are the Steps to File It in Maryland?

Posted by Gene Kirzhner

in Bankruptcy Law

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Unemployment, medical expenses, overextended credit, or marital problems, debt can get the best of us and when it does, many of us opt in to filing for bankruptcy. There are six types of bankruptcy chapters: 7, 9, 11, 12, 13, and 15. This article is all about Chapter 7 Bankruptcy in Maryland. What is Chapter 7 Bankruptcy? There’s a simple answer to this question. You will either pay for your debt or give up your non-exempt properties to settle. It is the most common chapter of bankruptcy. An appointed trustee will collect non-exempt properties and sell them in order to pay the creditor....

21 October

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Making Bankruptcy Work….The Donald Trump Way

Posted by Gene Kirzhner

in Bankruptcy Law

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

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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...