Over the years, the bankruptcy code has taken on a new complexity that makes it almost imperative that an individual has the help of a bankruptcy attorney to file. It is true, that it is one’s legal right to represent yourself in a court of law and this includes filing bankruptcy. The major changes to [...]
The question of whether a creditor is a considered an “insider” in a bankruptcy case is an important distinction. When you repay one creditor and not others, it is considered a “preference” because you are providing special treatment to a single creditor. All creditors of the same priority need to be treated equally under bankruptcy [...]
While bankruptcy is federally legislated, filing bankruptcy in Maryland and in other states is different in terms of specific local regulations, codes and requirements. Not only that, but all Maryland bankruptcy lawyers will tell you that codes are frequently updated and revised, making it challenging for the average individual to try to handle on their [...]