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Reader’s Digest Files for Chapter 11 Bankruptcy Reorganization »

Reader’s Digest, founded in 1922 and America’s best selling consumer magazine, said Monday that it would be filing for Chapter 11 reorganization.
From a high of 18 million copies a month in the 1970’s, subscriptions had declined to less than 9 million. Reader’s Digest, which will continue to publish, plans to use Chapter 11 to cut [...]

How Can I Lower My Car Loan Balance in a Chapter 7 Bankruptcy? »

Your car is worth a whole lot less than you owe on it, and you’re in a Chapter 7 bankruptcy. Is there a way to lower your loan balance?
In a Chapter 13, you may be able to do a cramdown, where you reduce the loan balance to the car’s value, but you can’t in a [...]

What is a “Consent Order”? »

You’ve fallen behind on your mortgage payments after your Chapter 13 case has been filed. The lender has filed a Motion to Lift Stay. Will you lose your home? Not necessarily, thanks to a Consent Order.
In many cases, the mortgage lender will give you one more change to get caught up. The way this is [...]

Do I Owe Too Much To File for Chapter 13? »

In recent years, many clients have learned that they owe too much to file for Chapter 13 reorganization. Unlike Chapter 7 and Chapter 11, there are limits to how much you can owe for you to qualify for Chapter 13. Currently (the numbers are indexed for inflation) you cannot owe more than $336,900 in general [...]

Who Are the Maryland Greenbelt Chapter 13 Trustees? »

Note: The individuals listed are private parties, not government employees.
Timothy P. Branigan
14502 Greenview Drive, Suite 506
Laurel, MD 20708
Phone: (301)483-9118
Payment Address for Timothy P. Branigan:
P.O. Box 480, Memphis, TN 38101-0480
Nancy Spencer Grigsby
4201 Mitchellville Road, Suite 401
Bowie, MD 20716
Phone: (301)805-4700
Payment Address for Nancy Spencer Grigsby:
P.O. Box 853, Memphis, TN 38101-0853

Who Are the Maryland Baltimore Chapter 13 Trustees? »

Note: The individuals listed are private parties, not government employees.
Ellen W. Cosby
P.O. Box 20016
Baltimore, MD 21284-0016
E-mail: ewc@ch13balt.com
Phone: (410) 825-5923
Fax: (410) 825-5904
Payment Address for Ellen Cosby:
P.O. Box 1838, Memphis, TN 38101-1838
Gerard R. Vetter
100 S. Charles Street, Suite 501
Tower II
Baltimore, MD 21201-2721
Phone: (410) 400-1333
Fax: (410) 400-1301
Payment Address for Gerard Vetter:
P.O. Box 580, Memphis, TN 38101-0580

Who Are the Maryland Greenbelt Chapter 7 Trustees? »

Note: The individuals listed are private parties, not government employees.
Merrill Cohen
7910 Woodmont Avenue, Suite 760
Bethesda, MD 20814
Phone: (301)881-8300
Steven H. Greenfeld
7910 Woodmont Avenue, Suite 760
Bethesda, MD 20814
Phone: (202)537-7050
Janet M. Nesse
1150 18th Street, Suite 800
Washington, DC 20036
Phone: (202)785-9100
Cheryl E. Rose
12154 Darnestwon Road, Box 623
Gaithersburg, MD 20878
Phone: (301)527-7789
Fax: (301)527-1233
Gary A. Rosen
One Church Street, Suite 802
Rockville, MD 20850
Phone: (301)251-0202
Roger [...]

Who Are the Maryland Baltimore Chapter 7 Trustees? »

Note: The individuals listed are private parties, not government employees.
Monique D. Almy
1001 Pennsylvania Ave. NW
Washington, DC 20004
E-mail: malmytrustee@crowell.com
Phone: (202) 508-8749
Fax: (202) 628-5116
Marc H. Baer
455 Main Street
Reisterstown, MD 21211
E-mail: mbaer@waldmangrossfield.com
Phone: (443) 712-2529
Fax: (443) 712-2538
Joseph J. Bellinger
8171 Maple Lawn Blvd., Suite 200
Maple Lawn, MD 20759
E-mail: jbellinger@offitkurman.com
Phone: (443) 738-1515
Fax: (301) 575-0335
Mark J. Friedman
6225 Smith Avenue
Baltimore, MD 21209-3600
E-mail: mark.friedman@dlapiper.com
Phone: [...]

What is the “Meeting of Creditors”? »

The phrase “Meeting of Creditors” strikes fear into most of my clients’ hearts. They hear these words and get a mental image of sitting in a large, darkened room with a spotlight in their face and their creditors in hooded robes surrounding them.
The reality? In virtually all cases, there’s nothing to worry about. In fact, [...]

Mortgage Loan Modifications Dropping »

Mortgage loan modifications are dropping, according to a July 5, 2009 article in the New York Times,
Alan M. White, an assistant professor at the Valparaiso University law school in Indiana, analyzed data on 3.5 million mortgages written in 2005 through 2007. These mortgages are serviced by five of the nation’s largest loan servicing companies, including [...]