If you’re currently dealing with unmanageable debt and are looking into filing for bankruptcy, it’s important to understand your rights as the debtor. It’s equally important, however, to understand the rights of the creditors to whom you owe money. When you work with Belsky, Weinberg & Horowitz, LLC, we’ll explain those rights to you.

When dealing with significant, uncontrollable debt, many people turn to filing for bankruptcy as a solution. Often times, bankruptcy is a way to stop a foreclosure on a house, a repossession on a car, or wage garnishment. If you’re in a troubling financial situation and are looking into your options, you’ll want to know what the advantages are of filing for bankruptcy in Maryland.

While bankruptcy filings have been decreasing since 2010, there are still many people who are struggling financially. Common money problems revolve around unexpected and extensive medical bills, insurmountable credit card debt with high-interest rates, and unaffordable mortgage payments.

If you find yourself in a situation where you’re struggling with bills and have reached your limit, you may want to consider bankruptcy and what filing could mean for your future. Depending on your situation, bankruptcy could offer you a chance at a clean slate and the opportunity to build a healthy financial situation for you and your family. Filing, however, is complicated. Fortunately, our bankruptcy lawyers in Baltimore are here for you. Let’s take a look at the importance of working with a lawyer when filing for bankruptcy in Maryland.

If you’re having trouble paying your bills to the point you’re completely overwhelmed with debt, you may be a candidate for bankruptcy. Prior to making any financial decisions regarding debt management, it’s important to understand your rights and options, as well as the potential consequences for what actions you decide to take. At Belsky, Weinberg & Horowitz, LLC, we can teach you how to file for bankruptcy in Maryland and help you decide if that’s the best way to manage your debt.

When foreclosed properties are purchased, many buyers are unaware that tenants have rights under both state and federal law. In a recent court case, Maryland’s Court of Appeals scolded a lender for acting too soon to get rid of a tenant.

Under the federal Protecting Tenants at Foreclosure Act (PTFA), a purchaser of a foreclosed residential property must provide advance notice to a tenant if the tenant will be required to vacate the residence. The new owner must provide tenants with a notice that advises the tenant of the right to occupy the residence for the remainder of the lease or, if there is no lease or the lease is terminable at will under state law, the tenant has the right to occupy the property for 90 days. However, the foreclosure must involve a federally-insured mortgage, the foreclosure must take place after the enactment of the PTFA and the tenant must qualify as a “bona fide tenant.”