by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes
Here we go again. The government shut down is scheduled to start October 1. Federal employees may soon be unsure about when they will get a paycheck. This one could last a long time. What is the best way to budget for a short term crisis like the government shutdown? As a bankruptcy attorney in…
by Tucker Clagett | Posted in Bankruptcy & Foreclosure | Reading Time: 6 minutes
The Federal Eviction Moratorium was recently stricken down by the Supreme Court. Thousands of tenants in Maryland are subject to eviction. Congress has done nothing to renew it, so there is no federal lgal protection from eviction right now. If you, or someone you know, is subject to an eviction because they fell behind on…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes
Here in Southern Maryland most people would find it impossible to work or even live without a car. For most people it is critical to know what they have to do to keep their car when they file for bankruptcy. If that car has a loan on it you also need to understand the steps…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
The Maryland and Federal Foreclosure Moratoriums are scheduled to end June 30th, 2021. So, starting July 1st the mortgage companies can start sending out new Notices of Intent to Foreclose. These notices are the start of the foreclosure process in Maryland. If you are behind on you mortgage do not wait to get this notice…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes
Last year in 2020, I wrote an article about what to do with your government stimulus check. We’ve gotten two more since then, and my advice has changed. Last year the right answer was to save it as an emergency fund for the coming pandemic, and to use it to pay down debt if you…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
Recently, some clients have mentioned during their consults that they heard this is the “perfect” time to file for bankruptcy. While I certainly think bankruptcy is a good answer for many people, bankruptcy is not the answer for everyone. Is it a good answer for you? Like so many things in life the answer to…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
When someone here in Southern Maryland comes to me to file for bankruptcy they sometimes ask if they will ever be able to get a mortgage to buy a house. Many people just assume they never will be able to qualify for a mortgage in Maryland after filing a bankruptcy. That just isn’t true. I…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
Filing for bankruptcy will probably not affect your credit as much as you think. If you are in a situation where bankruptcy is an option, your credit is probably bad already. So a bankruptcy may not do nearly as much damage as you may think. All credit reports will show your bankruptcy for a period…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes
The main reason to get a free bankruptcy consultation is to figure out your options. Once you know your options you can make informed, intelligent decisions. What about waiting? Is that an option? Why take action now? What many people do not know is that IF you are going to have to file for bankruptcy,…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes
What do a Great Dane, a college visit, and a Yorkie have to do with bankruptcy? No – it’s not about how expensive college and vet care have become (although that would be a good answer!) My screen saver in my office shows family pictures. When the picture of our Great Dane pops up, the…
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