Even if you have been keeping up with your bills, now is the time to do some emergency budgeting. Nobody knows how bad this will get. (Things have been changing fast. This post was published on March 14th. Not even a week later bars and malls were closed. Now the problem is even bigger. Unemployment […]

Think you will never be able to get a mortgage again if you file for bankruptcy?  In this video Dave Gormley discusses with Seanna Smallwood of Southern Trust Mortgage how a person with VA eligibility can get a mortgage while their Chapter 13 Bankruptcy is pending.

Sometimes when people come into our Waldorf or Lexington Park office they know exactly what type of bankruptcy they want to file. Other times a person just comes in to find out what options they may have. During your initial consultation we may even find that deciding what is the best bankruptcy option is a […]

If you are a real estate professional in Southern Maryland here are some bankruptcy basics that you need to know. Here is a slide share video of Dave Gormley giving a lunch and learn presentation to a group of real estate professionals in our office. Along with an overview of bankruptcy law you find some […]

You have a pending Chapter 13 bankruptcy in Southern Maryland and your car has died or needs a huge repair. You may be surprised that you do have the option of getting a loan to buy a new or used car. What shouldn’t surprise you is that it is a bit of a pain, and […]

iling for bankruptcy may help you deal with your tax problems. While it is difficult to discharge tax debt, it is not impossible. If your tax debt is old enough, bankruptcy can help eliminate or reduce how much you have to pay back on your taxes. However even when the bankruptcy doesn't discharge the tax […]

Here is the link to US Trustee Bankruptcy Information Sheet that anyone who files for bankruptcy in Maryland is required to review. While we include a copy of in the folder we give to every client we figured having an online version couldn't hurt. Maybe now Dave Gormley will get rid of that laminated copy […]

Most people we meet with for a bankruptcy consultation have done anything and everything they possibly could to avoid filing for bankruptcy.(that bankruptcy consult is free, by the way) Often, “anything and everything” includes increasing their tax allowances and exemptions at work so payroll will start withholding less money from their paycheck. If not done […]

At the end of 2019 the Mortgage Debt Forgiveness Act was reinstated. Unfortunately, this has not received any media attention. From the bankruptcy cases we handle we know there were a lot of short sales and foreclosures in Southern Maryland the last two years. Therefore, we know it is important to get the word out. […]

Ok, we are going to the Court House, but we are not going in front of a Judge. The Court House is bordered by Pratt, Hanover, Lombard and Hopkins. The entrance faces Lombard Street where the two wings meet at a “V”. For parking it is best to plan on paying for a garage. The […]

Dave Gormley discusses short sales, bankruptcy, taxes and more with Southern California Realtor Connor MacIvor.

Navigating Bankruptcy Procedures: Your Journey to the Courthouse When you file for bankruptcy you often only have to attend one meeting. If you live in Southern Maryland this means going to the US Trustee's office in Greenbelt. However if we have to attend a bankruptcy hearing you will be going to the Court House. For […]