How to do an Annual Review
by Dave Gormley | Posted in Civil Law & Consumer | Reading Time: 7 minutes
What Should You Do With Your Government Stimulus Check?
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 4 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...
Budgeting for Coronavirus
by Dave Gormley | Posted in Bankruptcy & Foreclosure | Reading Time: 6 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...
Alimony is not tax deductible anymore and that may complicate things
by Nasheia Smith | Posted in Family Law | Reading Time: 4 minutes
Maryland divorce cases got harder to resolve after the 2017 tax law. Alimony is now treated completely differently for tax purposes. While the law was passed in 2017 the changes take effect for tax year 2019. Alimony is a complicated subject in a Maryland divorce. Click here to read our post answering all of your...
Large Tax Bills Are A Sign You May Need To File Bankruptcy
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...
No New Year’s Resolutions
by Dave Gormley | Posted in Civil Law & Consumer | Reading Time: 4 minutes
Should you make a budget and track all of your spending to make sure you follow it? Sure, but is making a New Years resolution really going to make you do it? Probably just the opposite. Almost all New Year’s resolutions fail in the first few months of the year. My New Years resolution each...
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 when filing for bankruptcy?” You can keep your house when you file for bankruptcy...
