Hardships can happen to anyone, at any time. As a bankruptcy attorney, I help my clients deal with their debts and gain them new financial beginnings.
I have been assisting Maryland residents dealing with a number of debt problems for decades. As a former bankruptcy trustee, I know what perspective the “other side” of a bankruptcy case will take and the questions they will ask. With this knowledge, I can effectively prepare your Chapter 7 or Chapter 13 bankruptcy petition. If we discuss your financial situation and bankruptcy is not your best interest, I can also seek other debt relief methods. This includes loan modifications for mortgages through the Home Affordable Refinance Program (HARP) or Home Affordable Modification Program (HAMP), seeking possible debt forgiveness or reductions for student loans and other possible options. For every individual, family or small business I work with, it is my goal to find the best legal solution available to help minimize debt and achieve the financial stability my clients deserve. I am able to work with those facing: • Serious debt from credit cards or medical bills • Home foreclosure • Overwhelming student loans or car loans • Mortgage arrears • Back taxes • Wage garnishment It is in your best interest to reach out to an attorney as soon as possible to make sure you avoid common mistakes homeowners and individuals with debt can make. My team and I know how to file what needs to be filed on your behalf, and can advise you about what to expect during and after the legal process. I can also assist those seeking citizenship or permanent residency. I offer a free half hour consultation over the phone or in person, so take charge of your finances and call me today at (240) 688-9000. If Spanish is your primary language, know that you are welcome to call—my staff includes native Spanish speakers
Are bills piling up while you're out of work and stuck at home because of the COVID-19 pandemic? Are you thinking that filing for bankruptcy might be a good way to fix your financial situation? If so, you're not alone. https://bit.ly/2T7Idt6
kiplinger.com If you're struggling to pay your bills and thinking about filing for bankruptcy, there are a few things you should know before taking that big step.
Unpaid payments don't have to weigh people down.
kindlundlegal.com Multiple options exist for relief.
If you’ve lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that’s the case, you should ignore some common financial advice and start thinking defensively. https://on.mktw.net/2ZKhgQq
marketwatch.com A few do’s and don’ts to start thinking defensively and prepare, in case bankruptcy is in the pipeline.
Even if your business is its own legal entity and kept separate from your personal finances, owners who provided a personal guarantee on their business debt are still on the hook even if the company goes into bankruptcy. In that case, the way to potentially avoid your personal assets being seized — i.e., your house, car, savings, etc. — is to also file for personal bankruptcy. https://cnb.cx/2WPQrZ6
cnbc.com While overall bankruptcy filings dropped in April, the number of businesses that filed Chapter 11 bankruptcy — which involves reorganizing debt and remaining in operation — jumped 26% from a year earlier.
Americans wrestled with debt-collection lawsuits long before the coronavirus hit, a new report finds. Now, a surge of the suits may swamp consumers who lost their jobs in the pandemic and can’t afford to pay their bills. https://nyti.ms/2LP4RCs
nytimes.com A new study says the lawsuits were already the most common civil cases in many states. Now, even more people are in financial trouble.
In most cases, your student debt won't be dischargeable in bankruptcy, but you may qualify for an exception. https://yhoo.it/2IgjVbn
finance.yahoo.com You racked up loads of student debt and now you can’t keep up. Is bankruptcy the answer?
The hallmark of Chapter 13 bankruptcy is the repayment plan. In this case, rather than liquidating your assets, the court allows you the opportunity to repay some of your debts through a repayment plan. https://bit.ly/2WBv1h2
forbes.com It's different than you might expect.
If you’re considering bankruptcy, you need to understand how it will affect your credit. This involves clearing up some common misconceptions about how #bankruptcy affects your credit. https://bit.ly/2KO2Xl6
credit.com We set the record straight on some of the most commonly held misconceptions about how bankruptcy impacts credit scores.
If you’ve fallen into what feels like insurmountable debt … and you have no way to pay for it, #bankruptcy is one option. https://yhoo.it/2jFPX3z
finance.yahoo.com Almost 800,000 people filed for bankruptcy in 2016. But what is bankruptcy?
Kindlund Legal LLC's cover photo
Whether you have a Chapter 7 or Chapter 13 bankruptcy, it’s a good idea to make sure you do the following things once your case is finalized. https://bit.ly/3c9qvwk
credit.com So you filed for bankruptcy and received your discharge. Here are five steps to take to help get you back on the road to financial recovery.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act also changes some rules on consumer bankruptcy. https://on.mktw.net/2UYsJIb
marketwatch.com The $2.2 trillion stimulus bill changed some rules on consumer bankruptcy.
cnbc.com Forbearance requests grew by 1,270% between the week March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30, according to numbers released Tuesday by the Mortgage Bankers Association.
Filing for Chapter 13 bankruptcy has the potential to provide short- and long-term help for people facing foreclosure of their homes. But it’s a complicated process full of restrictions as well as serious consequences for your credit profile. A bankruptcy lawyer can provide advice specific to your needs. https://bit.ly/33UwnG1
creditkarma.com Foreclosure can be a scary prospect for homeowners, but Chapter 13 bankruptcy provides several opportunities to keep your home. Read on for more details.
Review posted today:
Review Score: 5
Very professional and attentive. She will look out for your best interest and she helped my family stay in our home during a hard time
The decision to file for bankruptcy is not to be taken lightly, so it's important to understand how bankruptcy will impact your finances. Getting legal assistance is often an essential part of the process as well.
fool.com Consider the pros, cons, and long-term impact before deciding whether bankruptcy is your best financial option.
Many people try hard to avoid bankruptcy, but they end up paying the price for waiting. https://bit.ly/2PmqcV3
nerdwallet.com The longer people wait to file bankruptcy, the more they struggle, according to a 2018 law review study. Here's why you should use this legal tool sooner rather than later to regain your financial footing.
Depending on whether you file Chapter 7 or Chapter 13, #bankruptcy can last several months, or run for up to five years. But the benefits of bankruptcy begin when you file, because the court issues an automatic stay, which halts all collection activities against you.
#Bankruptcy doesn’t have to last forever — not even on your credit report. http://bit.ly/2U1cevH
credit.com Bankruptcy doesn’t have to last forever — not even on your credit report.
I'm grateful for my clients:
Words are not enough to said how much appreciated I am with Ms Jillian Kindlund's for her help. she was very honest, kind, she take her time to explain that doing a bankruptcy was just a new beginning for me. I feel very confident after meeting with her for first time. the bankruptcy was the best thing I did to come out from the hard times I was going thru. and thanks to Ms Jillian now I am buying my house I have not collection calls no one calling my job. my credit is now almost 800 again. my life is in peace I am very happy. Don't be scary to star a new chapter in your life. I can really tell you that after the bankruptcy it takes not to long for me to get a car loan, apply for a job and not get rejected because my credit. new credit cards and so on things I could never do before. Thank you Thank you Ms Jillian for the support and the amazing job you did for me.
Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.
Corporations: For C Corporations, income tax payment deadlines are being automatically extended until July 15, 2020, for up to $10 million of their 2019 tax due.
This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.
Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. If you file your tax return or request an extension of time to file by April 15, 2020, you will automatically avoid interest and penalties on the taxes paid by July 15.
The IRS reminds individual taxpayers the easiest and fastest way to request a filing extension is to electronically file Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses must file Form 7004.
This relief only applies to federal income tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies.
Maryland Foreclosures Have Been Suspended As of Today:
Today, to help borrowers who are at risk of losing their home, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with an Enterprise-backed single-family mortgage.
Earlier this month, FHFA announced that the Enterprises would provide payment forbearance to borrowers impacted by the coronavirus. Forbearance allows for a mortgage payment to be suspended for up to 12 months due to hardship caused by the coronavirus.
“This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency," said Director Mark Calabria. “As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage, should reach out to their mortgage servicers as soon as possible. The Enterprises are working with mortgage servicers to ensure that borrowers facing hardship because of the coronavirus can get assistance."
FHFA will continue to monitor the coronavirus situation and update policies as needed.
What happens to your retirement funds in bankruptcy before you retire? Here are five common questions about retirement in bankruptcy. http://bit.ly/2VsuQGp
thebalance.com Accounts such as 401(k)s and 403(b)s cannot be touched by creditors if you haven't started taking distributions. IRAs can be above a certain limit.
On the trip to Uganda we visited a school. The students sat 3 to a desk. Their manners, respect & desire to learn impressed me to the point tears came to my eyes. They wear uniforms because they don’t have sufficient clothing from home.
The school doesn’t have running water or electricity.
We came into the classroom and the teacher asked the class to stand- they all stood immediately at one time. Amazing. The school is free but it costs about $200 a year to pay for the students desk, school supplies and uniforms.
I’m a 10 year breast cancer survivor this month. On March 24, 2009 I was diagnosed with stage 2 breast cancer. Do I remember that day? Yes I do. Do I regret that day- no I don’t.
I wish I didn’t have to go through the 5 surgeries, 6 rounds of chemotherapy and 40 days of radiation.
But I wouldn’t change what happened to me. I’ve grown through that time in my faith, with my family, and friends.
It’s enabled me to related to other people’s times of trouble. It’s made me humble. It’s made me surrender to God’s will. It’s shown my kids that we can be a team and overcome together.
I’m an overcomer.
Thankful for my clients. Positive reviews keep me motivated to keep serving my clients and working hard.
Review March 9, 2020
Review Score: 4.8 out of 5
Review Feedback: very responsive and responsible. responded to unexpected hiccup while traveling out of country! I felt prepared and ready for legal proceeding.
Bankruptcy may make sense if you are unable to repay debts as you cover obligations such as retirement, food and shelter. http://bit.ly/2ltljin
nerdwallet.com Bankruptcy isn’t the end of the world. It may even be good for you. Bankruptcy stops collection calls, lawsuits and wage garnishments. It erases debt. And despite what you’ve heard,…
Spring forward tonight. We lose an hour bit gain an hour of sunshine!
almanac.com Daylight Saving Time starts at 2:00 a.m. on Sunday, March 8, 2020—prepare to "spring forward!" Find details on when DST begins—and why we change our clocks twice a year!
I’m sharing some photos from my trip to Uganda. It was a life changing experience. We were on our way to see the gorillas in the forest. I challenged myself in new ways I didn’t think possible. And you can do that too.
You can get a fresh start - and start your life over again.
Despite the hardships you’ll endure after declaring a bankruptcy, there are several ways you can bounce back. http://bit.ly/2P9soyI
bankrate.com Bankruptcy will cloud your credit, but you can recover. It takes time and discipline, but it isn’t unthinkable.
If you lose a lawsuit to a creditor and the amount you owe is too high for you to pay, you might consider filing for bankruptcy. When you file, collection efforts against you will be automatically halted. http://bit.ly/2HYEWq7
wisebread.com When a creditor takes you to court your best defense is preparation.
Understanding what bankruptcy is, how it impacts your finances and the advantages and disadvantages can help you survive and recover from this financial shakeup. http://bit.ly/2FFwpow
money.usnews.com Understand the impact bankruptcy will have on your finances – and how to recover.
Having the right plan can help you recover from bankruptcy quickly. http://bit.ly/31TawPj
forbes.com A bankruptcy can stay on your credit report for up to ten years. But your credit score can recover a lot more quickly. Here are three steps to ensure a rapid recovery.
Are you facing a mountain of debt and not making any progress surmounting it? Bankruptcy may be the tool you need to get over the hump. http://bit.ly/2sDMLgn
nerdwallet.com Are you facing a mountain of debt and not making any progress surmounting it? Bankruptcy may be the tool you need to get over the hump. A bankruptcy filing stops debt collection…
Before taking the big leap into bankruptcy, consult a bankruptcy attorney and learn the facts about how credit scores treat bankruptcy. You just may be able to minimize the damage and get a jump on re-establishing your credit after filing. https://on.mktw.net/2S6olqg
marketwatch.com Lets clear up some common misconceptions about what bankruptcy does to your credit.
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Where dedication meets determination. Our core value is client communication and our priority is client satisfaction.
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We solve serious tax and financial problems - Trusted Financial & Tax Resolution Attorneys Fried & Rosefelt, LLC,
Goren & Tucci, LLC is dedicated to providing real solutions for honest individuals and businesses who are facing financial difficulties.
The Gohari Legal Group represents clients in bankruptcy, corporate, litigation, estate planning, family, immigration and real estate matters in Maryland.