Can Bankruptcy Help With My Gambling Debt?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 5 minutes

hand holding a coin

As the gambling options in Maryland have continued to grow, I have seen more and more people in Charles, St. Mary’s and Prince George’s County who need to file for bankruptcy because of their gambling debts.   The problem is that the number of people dealing with gambling addiction continues to grow. With the legalization…

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Road Map Of A Bankruptcy Case

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes

man holding onto money by a thread

This post gives you a road map of the “usual” Chapter 7 and Chapter 13 Bankruptcy.  I wrote it to give my clients, and prospective clients, a good general outline of what to expect if you need file for bankruptcy.  Of course, not all bankruptcy cases follow the usual format. Your case may take some detours…

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Closing Your Chapter 13 Case

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes

magnet taking money bag

Hopefully you are reading this because you have made it to the end of your Chapter 13 Plan.  Maybe you just got the Notice of Completion of Plan Payments.  Now it is time to get your discharge and have your case closed.  Congratulations.  A Chapter 13 Plan is not an easy thing to complete. Notice…

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My Chapter 13 Plan is Confirmed, What Comes Next?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

gavel

Now your plan is confirmed you still have to complete the plan.  In most cases there are five years of payments.  However, the five years runs from the filing of your case, not when it is confirmed.  So that finish line has gotten closer while we were negotiating with the Trustee over the payments.  You…

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Who’s Calling? That Debt Collector Could Be A Fake!

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

scam alert

(Originally published in 2013, and updated in 2019, because it keeps happening!) In the last year, we have gotten several calls from clients who have gotten calls from debt collectors threatening them with jail time.  Some of these clients had already filed for bankruptcy so they knew something was wrong, but they were still upset. …

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Not Getting That Tax Refund You Were Expecting?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

Some people count on their tax refund to pay for their summer vacation or swimming pool membership. However, many others count on their refund to help them get caught up on their credit cards and other bills.  When you file for bankruptcy you have to count as an asset the tax refund that you are…

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Can You Keep Your Car When You File For Bankruptcy?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

If you live in Southern Maryland it is hard to make do without a car.  Because of this one of the things we do when you come in for a free initial bankruptcy consult in our Waldorf or Lexington Park offices is figure out what you have to do to keep your car.  If you…

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Can You Keep Your House When You File For Bankruptcy?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

For the person who owns a house, the first question they may ask when they come in for a bankruptcy consult is “Can I keep my house?”  The real question is “What do you have to do to keep your house?” In a chapter 7 or a Chapter 13 bankruptcy, if you don’t have any…

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What Are Maryland’s Bankruptcy Exemptions?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

One of the first questions people ask about bankruptcy is “What do I get to keep?”  To figure out the answer to this question you need to have and understanding of bankruptcy exemptions.  Bankruptcy exemptions set out what assets you are allowed to protect or keep when you file a bankruptcy. If you have lived…

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What Happens If I Can’t Make My Chapter 13 Plan Payment Due To The Government Shutdown?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes

man holding onto money by a thread

The government shutdown is going to cause intense financial pressure on one very select group of people – government workers and contractors who are in a Chapter 13 Bankruptcy payment plan. Individuals in a chapter 13 plan are supposed to send in regular plan payments to the bankruptcy trustee, who disburses the money to their…

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