COVID-19 is causing all types of financial problems for thousands of Maryland residents . These include unemployment, evictions, mortgage loan defaults and automobile repossessions. As a result, many people are filing Ch. 7 bankruptcy in MD to get relief from debt. Chapter 7 bankruptcy can eliminate consumer debts, temporarily stop home foreclosures and stop creditor
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Filing bankruptcy without a lawyer is an affordable way to get out of debt. However, you must pay close attention so you don’t make these 10 mistakes.
Business bankruptcies increased by more than 26% in the United States. This Maryland COVID-19 business report provides information about the latest companies to file Chapter 11 and 7 bankruptcies.
Payday loans are available in 32 states and Texas. At 600%, Texas lenders offer the highest interest rates for payday loans in the United States.
Millions of people turn to payday loans when they need money. They are easy to get. However, they can be hard to repay.
Reasons People File Bankruptcy Key Points: Excessive medical bills account for 66% of bankruptcy filings. Top 7 reasons people file bankruptcy are medical bills, divorce, unemployment, poor financial management, lack of financial planning, living paycheck to paycheck and civil judgments. In 2020, more than 20,000 personal and business bankruptcy cases will be filed by Maryland