My Income Is Above Median Can I Still File Chapter 7? Maryland Bankruptcy Attorney

My name is Ron Drescher. I’m an attorney practicing bankruptcy and commercial litigation in Maryland, Delaware, Pennsylvania and Virginia, and today, I want to answer the question: My income is above the median income for my state; can I still qualify for ChapterÊ7? Well, the short answer to that question is yes, maybe. The difference […]

Continue Reading...

Do I Have to Reaffirm my Car Loan in Chapter 7? Maryland Bankruptcy Attorney

My name is Ron Drescher. I’m an attorney practicing bankruptcy and commercial litigation in Maryland, Delaware, Pennsylvania and Virginia and today I want to answer the question, “Do I have to reaffirm my car loan in Chapter 7?” The short answer to that question is yes, you do. That’s a requirement of the Bankruptcy Code. […]

Continue Reading...

What Does it Mean When The Bankruptcy Trustee Tells My Attorney “Make Me An Offer“?

I’m sitting at the table before the trustee and he says to my attorney, “Make me an offer.” What does that mean? My name is Ron Drescher. I’m an attorney practicing bankruptcy and creditors’ rights in Maryland, Delaware, Pennsylvania, and Virginia. What that means, is that the trustee thinks that you have assets that can […]

Continue Reading...

What Is A Motion For Summary Judgment? Maryland Bankruptcy Attorney

My name is Ron Drescher. I’m an attorney practicing bankruptcy and commercial litigation in Maryland, Delaware, Pennsylvania and Virginia, and today I want to answer the question: What is a motion for summary judgment? In litigation, there’s a plaintiff and there’s a defendant, and they are having a dispute. Sometimes the dispute is over what […]

Continue Reading...

The Bankruptcy Trustee Is Being Unreasonable; What Should I Do?

My name is Ron Drescher. I’m an attorney practicing bankruptcy and creditors’ rights in Maryland, Delaware, Pennsylvania and Virginia, and today, I want to answer the question. You know, when we went through the numbers, after you deduct cost of sale, there’s really no equity in my property, but the trustee wants me to pay […]

Continue Reading...

Can I File Bankruptcy If I Haven’t Filed My Tax Returns?

You know, I haven’t filed my tax return this year, or last year. Can I still file bankruptcy? My name is Ron Drescher. I’m an attorney practicing bankruptcy and creditor’s rights in Maryland, Delaware, Pennsylvania, and Virginia; and, the good news is, you don’t need to have filed your tax returns in order to actually […]

Continue Reading...