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…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
As a bankruptcy lawyer in Southern Maryland, I know people will be asking me what to do with their government stimulus check. To make sure I was ready to answer this question, I figured I would look at what advice financial experts are giving. The advice I read seemed to be the same advice that…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
Like so many things in life the answer to this question is “that it depends.” The right advice for one person can be the wrong answer for someone else. A person laid off from a restaurant is in a different situation than a person who is working for the federal government. Recently, some clients have…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 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, those…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 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: 3 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: 2 minutes
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…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
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. …
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes
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 our clients who live in Charles, St. Mary’s,…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 9 minutes
When someone comes into our Waldorf or Lexington Park offices for a foreclosure consult, they often have a packet from their mortgage company that includes the Maryland Foreclosure Mediation Op-In Form. Many people ask if going to mediation is worth the $50 fee. The answer is it may be worth doing, but it probably won’t…
Copyright ©Southern Maryland Law - All Rights Reserved. | Site Map | Privacy Policy | Disclaimer
Design & Marketing by 
