by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 minutes
Here we go again. With Federal Employees not knowing when they will get their next paycheck due to the threatened government shutdown, it is time to talk budgeting. Learn the best way to budget for a short term crisis like the government shutdown. Federal employees and government contractors are loosing sleep worrying about the impact…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes
Chapter 7 Step 6 – Waiting: After the meeting, the Trustee and the creditors have 80 days to object to your right to a discharge. This does not usually happen, as long as your bankruptcy petition is accurate. Your attorney will handle it if it does happen. Typically, the only extra step may be reaffirmation…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 2 minutes
Chapter 13 Step 6 – Confirmation Hearing: For Chapter 13 cases only – If you file a Chapter 13 bankruptcy, a Confirmation Hearing will be held. This is part of the negotiating game to determine if the terms of the repayment plan. In many cases you never have to attend this hearing. The Trustee will agree to…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
When you file for bankruptcy in Southern Maryland you need to take two classes. They can be done online or over the phone. There is a Credit Counseling Class that you take before you file. After you file, you need to complete the Debtor Education Class so your case will be closed with a discharge….
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
When people come into our Waldorf or Lexington Park office for a free bankruptcy consultation, there are certain questions they will ask. One of these is “How much debt do you need to have to file for bankruptcy?” The truth is that there is no minimum amount of debt that you are required to have…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 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
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. Even the person who thinks they know what they want to do is sometimes surprised that another type…
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute
Our own Dave Gormley is in the Business Spotlight. In this interview with Kimberly Bean of the Southern Maryland Real Estate Network, he discusses how his bankruptcy and real estate practices impact his view of the real estate market.
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 3 minutes
Bankruptcy asset hunters are just now discovering what many Facebookers have known for a long time: not everything is as it seems on social media. “Asset hunting” is a special job in bankruptcy cases. When an asset hunter is assigned to a debtor’s case, it’s their job to uncover any discrepancies in their financial situation…
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…
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