by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
In a chapter 13 plan you are supposed to send in regular plan payments to the bankruptcy trustee. The Trustee disburses the money to the creditors. Usually this payment comes right out of our paycheck after the plan is confirmed. If you don’t get a paycheck because you were laid off because of COVID19,...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes
When people call to schedule their initial consultation in our Lexington Park or Waldorf office they usually want to know what to bring. Our answer is “Just bring yourself”. For the initial consult our main goal is to get an overall picture of your financial situation. We will have plenty of time down the road...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes
A short sale (also called a pre-foreclosure sale) is one of your options to prevent a foreclosure on your home. To see a complete list of your options, click here and read our Free Legal Consumer Guide about Foreclosures. And you need to explore your options with an attorney before deciding if a short sale...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 6 minutes
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...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute
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. Want to know more? Discover what you need to know about...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 6 minutes
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...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute
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...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
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 it...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
Filing 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...
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute
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...
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