We Can Make A Difference for You Or Your Business

Blogs

What you should know about preforeclosure

Foreclosure is not a problem that strikes out of nowhere. Despite this, some people in Maryland do not realize when they start on the initial path toward foreclosure, which is a period of time called preforeclosure. Better understanding when preforeclosure starts, what it entails and what actions to take may help struggling homeowners keep their properties. If a homeowner misses three mortgage payments and falls 60 days behind on the loan, his or her lender will initiate the preforeclosure process. During this process, the lender issues a notice of default to the homeowner. The lender will include details about the…

Can I file for Chapter 11 bankruptcy?

Both consumers and businesses can file for bankruptcy through one of several options. Chapter 11 bankruptcy is most commonly associated with small businesses and large companies that have significant amounts of debts. What many people do not realize is that under certain circumstances, individual consumers can also file for Chapter 11. Individual Chapter 11 bankruptcy filings are not common in Maryland, and they only account for about one out of every 1,000 consumer bankruptcy filings nationwide. Someone who is seeking debt relief through Chapter 11 must meet several requirements. First, he or she must have a substantial earning potential, and…

Don’t fall victim to these foreclosure scams

Buying a house is a big investment, both financially and emotionally. Families spend years building memories in their homes, and it is not uncommon for homeowners to spend more and more money on upkeep and improvements. The thought of losing a home with that much time, energy and love invested into it can be frightening. Homeowners who are facing foreclosure may understandably look for help, but they must be able to discern between legitimate help and scams. For example, a scammer might tell a homeowner that he or she will buy the home and pay off the overdue portion of…

Should I file for Chapter 7 or Chapter 13 bankruptcy?

When considering bankruptcy, it is important to know that there are typically two types of consumer bankruptcy that Maryland residents can pursue. These are Chapter 7 and Chapter 13 bankruptcy. While many people might have heard these terms before, they may be unfamiliar with the details or which type they even qualify for. Only those who pass the means test — meaning they fall below a certain income level — qualify for Chapter 7 bankruptcy. This type of bankruptcy is usually quicker and somewhat more straightforward than Chapter 13. However, Chapter 7 is also referred to as a liquidation proceeding,…

Avoiding foreclosure with a mortgage loan modification

Buying a home is an important financial accomplishment. Unfortunately, financial circumstances often change throughout life, and homeowners in Maryland might find that it is difficult — or even impossible — to keep up with their mortgage payments. Some worry that they are destined to end up in foreclosure. A mortgage loan modification offers an alternative. Mortgage loan modifications change the terms of a homeowner’s existing loan. These changes are generally intended to lower monthly payments to a more affordable amount. While a modification does allow homeowners to keep their property, the lender may label it as a debt settlement and…

Is Chapter 11 bankruptcy right for your situation?

There are few things more disheartening than realizing that your business can no longer shoulder its debt load. Like many business owners in Maryland you might think that this is the end of the road for your business, but you might be overlooking an important option — Chapter 11 bankruptcy. This form of bankruptcy is most frequently associated with big corporations, but can also help professionals and executives who are worried about their personal business assets. Depending on your situation, you could be facing more than just the loss of your business assets — you could also lose your home.…

Is bankruptcy on the rise?

No matter how secure someone might feel in his or her finances, the reality is that everything can disappear in the blink of an eye. This is especially true when the unemployment rate is in double digits and people in Maryland are struggling to find work. Experts now predict that there will be a new wave of bankruptcy filings soon, which can feel scary. However, understanding the reasons why people file for bankruptcy can ease some of those fears. Costly economic events are the largest drivers of bankruptcy filings. These are things like job loss, illness, injury or divorce. As…

Get the Help You Deserve. Contact Us Today

rockville bankruptcy lawyers

View My
Avvo Profile

sari kurland avvo
Kurland Law Group
211 Jersey Lane Rockville, MD 20850
(301) 424-2834Map/Directions
rockville bankruptcy attorney map

Get the Help You Deserve. Contact Us Today

Copyright © 2021 Sari Kurland Bankruptcy - All Rights Reserved | Powered by Advantage Attorney Marketing & Cloud Solutions