Foreclosure is the process of a lender or bank taking back a house because they are not getting the payments promised. It can be a scary and stressful thing.

Maryland residents who are struggling to pay their debts may benefit from filing for bankruptcy. However, if you are thinking about doing so, it is important to understand the impact it can have on your credit score and history. If you file for Chapter 7 bankruptcy, it can stay on your credit report for up to a decade.

Most people who fall behind on their federal taxes have trouble with the annual income tax payments. The recent onset of the gig economy and increase of freelance workers and remote workers in a variety of fields has made the problem even worse.

Purchasing a home with a mortgage loan represents a commitment. In order to keep your Maryland house, you have to make mortgage payments every month.

If you can’t pay your taxes in Maryland, you don’t have to sit and wait for a tax audit. You could get in touch with the IRS ahead of time to figure out how you could pay your taxes or reduce the amount that you have to pay. You could even take out a loan to pay off your debts although you’ll still be responsible for paying off the loan afterward.

Maryland residents who suffer harm due to the negligent actions of others can pursue civil remedies by filing personal injury lawsuits. While litigation cannot undo the past and restore the plaintiff to the position they were in before the accident occurred, it can compensate victims for their out-of-pocket expenses and pain and suffering. The bulk of the damages in personal injury cases are awarded to cover the costs of medical treatment and make up for lost income, and they can be high when the plaintiff suffered life-changing injuries.

Wage garnishment is one of the most powerful weapons in the debt collector's arsenal, allowing creditors to seize up to 25% of a debtor's wages per pay period. From the debtor's perspective, garnishment is a devastating turn of events.