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July 2015 Archives

How do I prepare for credit counseling?

If you are preparing for credit counseling, you are not alone. The National Foundation for Credit Counseling conducted the 2014 Consumer Financial Literacy Survey, which found that 73 percent of adults in Washington, D.C., and around the country agree that they would benefit from working with a financial professional. Another 20 percent surveyed said they strongly agreed with that sentiment.

The duties of a Chapter 13 trustee

The numerous differences between Chapter 7 and Chapter 13 bankruptcy have been discussed in previous posts on this blog. Chapter 13 differs from the “liquidation” bankruptcy option, Chapter 7, in the sense that debt is restructured to allow debtors to repay their creditors, rather than the slate being wiped clean. This type of bankruptcy can be beneficial to residents of Washington, D.C., who have a steady income and who don’t qualify for Chapter 7 bankruptcy, but still need an effective debt relief option.

Affordable health care may reduce medical debt bankruptcies

There are numerous reasons consumers file for personal bankruptcy, from unemployment to credit card debt. Crippling health care costs have also been a top reason for bankruptcies with families in Washington, D.C., as well as the rest of the country. In fact, there have been many studies suggesting medical debt is the number one reason for consumer bankruptcy across the country.

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Washington, DC 20005
Phone: 202-559-1428

10512 Pohick Court,
Fairfax Station, VA 22039
Phone: 703-550-7030

6926 Seven Locks Road,
Cabin John, MD 20818
Phone: 301-890-4500

Toll-Free: 877-441-4076
Fax: 202-638-5858

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