Katherine: Hello everyone, we’re being joined by our friend, Attorney Ronald Drescher, and he talked with us a great deal about student loans and bankruptcy, which made my mouth drop. We’ve heard before that student loans … You’re just doomed. You either pay them or they make your credit bad. Welcome back, Attorney Drescher. How […]
Katherine: Thank you so much, Attorney Drescher, for joining us on This Needs to be Said again, so we can talk about bankruptcy matters. Last time we had you on, we talked about student loans. Today we’re going to talk about your book, File Bankruptcy and Get Rich. I want to say, welcome back. Thanks […]
Katherine: Hello everyone. Thank you so much for joining us on This Needs to be Said. We have an attorney with us today, Mr. Ronald Drescher, and he’s going to talk with us about one of the biggest topics even right now during this election season, is money for school or how to pay money […]
What Is the Difference between a Maryland Bankruptcy Dismissal and a Discharge? When you have filed for bankruptcy, discharge is the desired outcome of that filing and discharge occurs when the debtor does everything they’re supposed to do. The court enters a discharge once you, as the debtor: have confirmed a bankruptcy plan, made all […]
When facing tough personal finances, it is natural to wonder whether having a problem paying the bills next month qualifies a debtor for bankruptcy. This possibility may occur although a debtor is momentarily able to pay the personal bills for the current month. A debtor should seriously consider filing for bankruptcy when facing an inability […]
Extreme Caution: Invading Your IRA or 401(k) to Relieve Money Problems Might Ruin You When faced with paying your personal Maryland, Delaware, Pennsylvania or Virginia bills, considering whether to invade your IRA or 401(k) may seem to be a worthwhile possibility. Before you decide to draw down your IRA or your 401(k), you should know […]
Over Exemptions? Pay Cash to the Trustee and Sleep Better The gold standard for Chapter 7 bankruptcies is the “no asset” case, when a debtor’s equity in his assets is less than allowed exemptions. Because so many people are way over leveraged, that happens 95% of the time. The “no asset” case is desirable for […]
Fix Real Estate Problems With Equitable Subrogation Real estate transactions may be very simple or incredibly complex. Further complicating the already intricate process of purchases and sales, creations of subdivisions and problems of zoning is the reality that almost every real estate transaction involves some degree of credit financing. Whether on the commercial side or […]
When a business fails the owners frequently find themselves facing their own personal bankruptcy. Owners considering bankruptcy want to discharge business obligations they’ve guarantied but still retain their home. This home is almost always subject to a significant mortgage. Because the mortgage is considered consumer debt, the mortgage may become an obstacle to the former […]
Donald Trump Predux: The Sad Bankruptcy of Edison Protégé Samuel Insull Long before Donald Trump made national headlines for bankrupting his failing Atlantic City casinos, a great but lesser known industrialist named Samuel Insull found himself facing bankruptcy and charges of fraud and embezzlement. Insull had been an important figure in the growth of the […]
