David Gormley

In this Two Minute Legal Clinic Dave Gormley explains what your options are to keep your car when you file for bankruptcy. For more information see our post Can You Keep Your Car When You File For Bankruptcy:
https://southernmarylandlaw.com/blog/bankruptcy-foreclosure/can-you-keep-your-car-when-you-file-for-bankruptcy/
For more information on filing for bankruptcy in Southern Maryland see our Free Legal Guide: https://southernmarylandlaw.com/legal-guides/bankruptcy-guide/

In this Two Minute Legal Clinic Dave Gormley explains what your option are to keep your house when filing for bankruptcy. For more information see our post Can Your Keep Your House When You File For Bankruptcy:
https://southernmarylandlaw.com/blog/bankruptcy-foreclosure/can-you-keep-your-house-when-you-file-for-bankruptcy/

For more information about filing for bankruptcy in Southern Maryland see our Free Legal Guide: https://southernmarylandlaw.com/legal-guides/bankruptcy-guide/

In this Two Minute Legal Clinic Dave Gormley explains Maryland's Bankruptcy Exemptions. For more on Maryland's Bankruptcy Exemptions see our post:
https://southernmarylandlaw.com/blog/bankruptcy-foreclosure/what-are-marylands-bankruptcy-exemptions/

For more information about bankruptcy see our Free Legal Guide: https://southernmarylandlaw.com/legal-guides/bankruptcy-guide/

When people come into our Waldorf or Lexington Park office for a free bankruptcy consultation, there are certain questions they will ask.  One of these is “How much debt do you need to have to file for bankruptcy?”  The truth is that there is no minimum amount of debt that you are required to have to be eligible to file. The general test to determine if you have enough debt to file for bankruptcy is that you need to show that you are insolvent. That means you can’t afford to pay your bills as they come due.  And that even if you sold your assets you couldn’t pay off your debt in full.

This sounds straight forward enough.  But it is a bit of a circular if you think about it. To file for bankruptcy you have to be insolvent.  But insolvency is just another word for bankruptcy. So to show you have enough debt to file for bankruptcy you have to show that you are bankrupt. But don’t get too worried about this word game, or the question of do you have enough debt to file for bankruptcy. One of the reasons we offer a free bankruptcy consult is that people never want to file for bankruptcy.  Because of this they hardly ever look into bankruptcy unless they have enough debt to be able to file. In fact most people have gone further into debt while trying to avoid filing for bankruptcy. http://southernmarylandlaw.com/blog/bankruptcy-foreclosure/how-much-debt-do…e-for-bankruptcy/

When people call to schedule their initial consultation in our Lexington Park or Waldorf office they usually want to know what to bring. Our answer is “Just bring yourself”. For the initial consult our main goal is to get an overall picture of your financial situation. We will have plenty of time down the road to look over tax returns and pay stubs. We find that if we focus too much on these details we may miss something important. Often a person calls because of some triggering event like a lawsuit or a foreclosure notice. Bringing these notices for us to take a look at is always a good start. However, at this first meeting we want to focus on the forest, not just tree that is in front of you.

To help get the big picture we start by asking a page full of questions that helps us get an over all picture of your financial situation. It may not be the most personal way to start a meeting, but to answer any of your questions in a meaningful way we need all of this information first. By plodding through and getting this information down on paper not only will we be able to answer your questions we will probably be able to anticipate most of them. More importantly these questions help us to quickly figure out what options you have. That way we can thoroughly explain these options so you will be able to decide which one is best for you.

While explaining the process and steps associated with each of the options, we will also share which one we feel makes the most sense for you and why. We will also tell you what the attorney’s fee and filing fees would be for each of the options. http://southernmarylandlaw.com/services/bankruptcy-lawyers/

Dave Gormley reviews the different types of bankruptcy. From Chapter 7 to Chapter 15. Sometimes when people come into our Waldorf or Lexington Park office they know exactly what type of bankruptcy they want to file. Other times a person just comes in to find out what options they may have. Even the person who thinks they know what they want to do is sometimes surprised that another type of bankruptcy is there best option. During your initial consultation we may even find that deciding what is the best bankruptcy option is a tough decision. While you can’t just read an article and figure out what type of bankruptcy you should file, having a basic understanding of the different types of bankruptcy is still a necessary first step in the decision making process. To help you get a better understanding of the different types of bankruptcy this article will give you an overview of some of the different Chapters of the Bankruptcy Code. http://southernmarylandlaw.com/news-and-views/bankruptcy-foreclosure/what-are-the-different-types-of-bankruptcy/

Dave Gormley prepares Southern Maryland bankruptcy clients for their 341 Meeting of Creditors in Greenbelt Maryland. This meeting is called a “341 meeting of creditors” because it comes from section 341 of the Bankruptcy Code. That regulation requires that you attend this meeting so the bankruptcy trustee can question you about your income, expenses, debts, and property.
To learn about how to bounce back from bankruptcy click here:http://southernmarylandlaw.com/news-and-views/bankruptcy-your-credit-how-to-rebuild-it/

A discussion with Real Estate Attorney Dave Gormley, of Andrews, Bonger, Gormley & Claggett PA, about the things buyers and sellers can do to ensure a successful settlement. Dave covers a lot of aspects including buyers and sellers, as well as commercial transactions and short sales.
Contact The Highland Group for real estate services in Central Maryland: http://frederickrealestateonline.com
Chris & Karen Highland
Associates at eXp Realty
Frederick Md 21701
301-401-5119 (broker: 301-831-8232)

For great legal information, http://www.southernmarylandlaw.com
Two offices:
Waldorf, Maryland
11705 Berry Road, Suite 202
Waldorf, MD 20603
301-645-410
and
Lexington Park, Maryland
22335 Exploration Dr. Suite 2030
Lexington Park, MD 20653
301-863-7480

+Dave Gormley https://plus.google.com/+DaveGormley/posts and +Connor T. MacIVOR https://plus.google.com/109453318469164908670/posts are going to speak about some of the issues surrounding real estate, law and what to watch out for to keep safest in the best ways possible. Whether you are buying, selling or going after someone for injuring you, NO topics will be taboo.
Here are the resources we spoke about during the show.
You can find Maryland Law and Lawyers with Dave Gormley here http://southernmarylandlaw.com/ We have also posted up the google plus community we spoke about - feel free to join to keep updated with the Southern Maryland Law Intel https://plus.google.com/u/0/communities/111025514827345211127 I'm Connor MacIvor with REMAX's Paris911 team located at http://paris911.com This interview as a pleasure and I learned a lot from Dave "the Master" Gormley and the Southern Maryland Lawyers.