Separation and divorce have a profound impact on a family’s financial affairs. At the outset of the dissolution of the marriage you need to understand the concept of marital property and be prepared to take steps to maximize your ability to ensure that your rights regarding the family’s assets are not compromised and that the assets are available for identification and valuation purposes. Read more
What is Bankruptcy?
Bankruptcy is a debt relief process. Bankruptcy in Maryland follows state code requiring lawyers providing bankruptcy advice to identify themselves as “debt relief agencies.” It is important to note that bankruptcy is not the only process to assist individuals and businesses in the management of difficult financial situations. However, the options outside of bankruptcy are best considered after understanding the impact that a bankruptcy would have on an individual, a married couple or a business’s financial issues. Read more