The Next Steps In A Chapter 13

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

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How Much Debt Do You Need To File For Bankruptcy?

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

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What Are The Different Types Of Bankruptcy?

by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 6 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. During your initial consultation we may even find that deciding what is the best bankruptcy option is a…

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Everybody Lies on Social Media—Just Ask Bankruptcy Asset Hunters

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…

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Buying A Car While In A Chapter 13 Bankruptcy

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

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…

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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 to…

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