Blogs

HOW IS A REORGANIZATION PLAN FORMULATED UNDER CHAPTER 11?

By Gilman & Edwards 30.08.14 01:53 AM

Marylanders know that it is not easy to run a business, as a company may face financial hardships at any time. Business debts may rise due to economic downturn, competition or an unfortunate incident. The company may want to file for bankruptcy and will have to decide between Chapter 7 and Chapter 1...

30.08.14 01:53 AM - Comment(s)

FACING DEBTS DURING RETIREMENT

By Gilman & Edwards 21.08.14 01:51 AM

Many people from Maryland invest in retirement plans and save money to live their life peacefully post-retirement. However, credit cards, mortgages and student loan debts may lead to financial challenges during retirement.

According to reports, many people invest in a second home later in life. The C...

21.08.14 01:51 AM - Comment(s)

CHAPTER 7 BANKRUPTCY AND FEDERAL TAXES

By Gilman & Edwards 14.08.14 01:50 AM

When people take on debt, they usually intend to make the debt payments on time. However, due to financial challenges, they may not be able to pay the amounts regularly and, ultimately, may choose to file for bankruptcy.

Chapter 7 bankruptcy is a common type of bankruptcy that is preferred by individ...

14.08.14 01:50 AM - Comment(s)

When a business does not perform as expected, the amount of debt it carries might increase and, in the process, may force a business owner to seek bankruptcy. In most business bankruptcy cases, a corporation or a partnership in debt seeks reorganization under Chapter 11 of the United States Ban...

07.08.14 01:49 AM - Comment(s)

Marylanders know that sometimes taking a loan is not only an option but a necessity. A house may be held as collateral for the loan, and if debts become unmanageable, a homeowner may be forced into foreclosure. However, sometimes debt collectors will pursue the former homeowner even after a property...

01.08.14 01:47 AM - Comment(s)