Creditor’s Rights: 6 Tips To Get The Information You Need In A Deposition In Aid Of Enforcement In many lawsuits, the real challenge begins after the plaintiff becomes a judgment creditor by winning the judgment. Collecting from the defendant can feel daunting, even impossible. Sometimes defendants have transferred their assets, hid their assets or have […]
Bankruptcy And The Frozen Bank Account: Keep Your Money On Deposit Safe When deposit account holders write a check or make a withdrawal, they may believe that they are accessing their own money, but that is not precisely true, for important reasons. What is actually happening is that the account holder is making demand upon […]
Two, Four, Six, Eight: Waiting Periods For Discharge In Subsequent Bankruptcy Cases When clients ask “how many times can I file for bankruptcy” they usually want to know “how often can I receive a bankruptcy discharge?” They ask this question because they’ve found themselves in a financial bind years after receiving a discharge and want […]
Use A Forbearance Agreement To Negotiate With Your Creditors And Stay Out Of Bankruptcy Anyone in business will tell you that bumps come up in the road. Temporary dips in sales, problems collecting accounts receivable, even adding expense to manage a potentially profitable new line of business may all contribute to creating a cash flow […]
7 Steps To Survive Your Meeting With The Trustee: Follow These Tips To Take Control Of Your First Meeting Of Creditors If you’re getting ready to meet the bankruptcy trustee for your Chapter 7, Chapter 13, or even your Chapter 11 meeting, you’ve already gotten through the hardest parts of your case: picking up the […]
The absolute priority rule in Individual Chapter 11 cases may make reorganization impossible for high income debtors. Last month the Fourth Circuit Court of Appeals dealt a blow to the drive by consumer bankruptcy lawyers to eliminate the absolute priority rule in individual Chapter 11 bankruptcies. The absolute priority rule is simple: if a class […]
In Stripping Off Junior Liens In Chapter 7, Nothing Matters More Than Where You Live In bankruptcy a claim is a broadly defined term meaning a right to payment. When the holder of that claim also has an interest in a specific piece of the debtor’s property to secure that this that is called a […]
Don’t Rush In! Plan the Maryland Bankruptcy Case That’s Right for You and Your Business As an individual or business owner, when you get to the point where you are considering bankruptcy, you are aware of how serious your financial situation has become. For most people, the tipping point that makes bankruptcy a viable option […]
Shifting the Power Dynamic: A Baltimore Creditors’ Rights Lawyer Shows Financial Institutions How to Regain the Upper Hand with Debtors Today’s politics and news reports tend to paint the economic recession in a mostly one-sided way, and the story is that creditors have debtors in an iron-fisted grip. If one were to subscribe to this […]
A Baltimore Commercial Litigation Lawyer Asks Businesses: Have You Waived Your Rights? The news seems fraught with stories of bankruptcy, from individuals to large corporations. Loans are commonplace in everyday life, and people frequently turn to loans for everything from purchasing a vehicle to larger commitments like mortgages and business loans. The current economy, while […]
