Everybody Lies on Social Media—Just Ask Bankruptcy Asset Hunters

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

treasure chest

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…

Read More

Buying A Car While In A Chapter 13 Bankruptcy

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

wallet coins & key

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…

Read More

Bankruptcy & Your Credit – How to Rebuild It

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

money with arrow

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…

Read More

It is Better to File Bankruptcy Sooner than Later

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

calendar with date

The main reason to get a bankruptcy consultation is to find out your options and figure out the best one. 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, it is much, much better to…

Read More

Short Sales & Bankruptcy Advice

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: < 1 minute

Dave Gormley discusses short sales, bankruptcy, taxes and more with Southern California Realtor Connor MacIvor.    There are several things that you should watch out for when approaching anyone when wanting to short sale a residence. What type of loan do you have? Was all the money borrowed used on the primary residence? Have you taken out money…

Read More

Preparing For Your Chapter 13 Trustee Meeting Of Creditors

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 10 minutes

This page is for our current bankruptcy clients. We created it to help prepare them for a formal meeting called a 341 meeting of creditors in a Chapter 13 case. (Click Preparing for Your Chapter 7 for a similar article)  A typical bankruptcy case does not involve a lot of confrontation. The one place it…

Read More