Kindlund Legal LLC

09/16/2020

What Are Maryland’s Bankruptcy Exemptions?

Understand what property might be retained in a bankruptcy filing.

Knowing the exemptions could inform a decision.

09/15/2020

I'm grateful for wonderful clients

5 star review

Positive: Professionalism, Quality, Responsiveness, Value
Three years ago I fell upon hard times. I unexpectedly lost my job and was unable to pay my bills. I did't know what to do. The amount of debt that I had could not be consolidated into a payment plan and my only option was bankruptcy....Jillian is a professional, and caring bankruptcy attorney that helped me navigate a complicated process and...got me through my hardship. She was very understanding of my situation and was there...every step of the way. I don't know what I would have done with out her. If you need a bankruptcy attorney look no further.

09/10/2020

How Bankruptcies Work | The Ascent

Bankruptcy is a difficult process that has long-term implications on your financial situation, so it's not something to jump into blindly. But if you've evaluated all your options and determined that bankruptcy is your best chance for a fresh start, then you should pick the smartest time to file and go through the entire process correctly. http://bit.ly/2AZfOvM

Here is everything you need to know before you file for bankruptcy including chapter 7 and chapter 13 bankruptcies.

09/08/2020

Private Student Loan Debtors Win Limited Bankruptcy Reprieve (1)

A Tenth Circuit ruling that some types of private student loan debts can be wiped out in #bankruptcy could broaden options for struggling debtors and prompt re-opening of some old bankruptcy cases. The decision doesn’t apply to government-backed loans or other “qualified” student loans, which make up the vast majority of typical student loans. https://bit.ly/3gT9Sap

A Tenth Circuit ruling that some types of private student loan debts can be wiped out in bankruptcy could broaden options for struggling debtors and prompt re-opening of some old bankruptcy cases.

09/03/2020

Identifying Nonexempt Assests in Bankruptcy

In bankruptcy, certain property can be exempt from being sold to repay your creditors, while other property is not. The property that is not exempt is called your nonexempt assets.

In bankruptcy, nonexempt assets can be seized by the court and used to pay off your debts. Nonexempt assets are defined by federal and state law.

09/02/2020

Public Affairs Detail | Federal Housing Finance Agency

Today the Forclosure moritorium has been extended to the ending of the year

https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums.aspx

​​Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate ...

09/01/2020

Filing for bankruptcy may help when you have more debt than you can handle. Chapter 7 wipes out many kinds of debts, while chapter 13 allows you to make lower payments as part of a repayment plan. A bankruptcy attorney can help you determine which option is right for you.

08/31/2020

Wonderful clients - made my week 😳👈🏻🎉

08/28/2020

5 star review August 28, 2020

My family was very pleased with Jillian Kindlund , with her pleasant personality and candid manner. We felt we were in good hands and we could trust her with our situation of distress. My spouse and myself are very thankful for Jillian's help and greatly appreciate her knowledge & professionalism. We cannot recommend Kindlund Legal LLC highly enough !

08/23/2020

Eviction Moratorium Expires Making Bankruptcy Protection Essential

https://waynesilverlaw.com/eviction-and-bankruptcy/

With the expiration of the eviction moratorium, bankruptcy offers varying levels of relief to embattled tenants. Each stage of eviction analyzed.

08/22/2020

Filing For Bankruptcy For Student Loans: What You Need To Know | Bankrate

There are processes you can follow to attempt to have your student loans discharged, but you will have to prove that you are facing something called “undue hardship” to qualify. https://bit.ly/3iMqMZJ

You will have to prove that you are facing “undue hardship” to qualify.

08/20/2020

Federal Aid Has So Far Averted Personal Bankruptcies, but Trouble Looms

Once federal benefits dry up, experts say consumer bankruptcy filings could start to rise. https://nyti.ms/2QhgfJP

Once federal benefits dry up, highly indebted consumers could be forced to file.

08/11/2020

How Long Does a Bankruptcy Stay on Your Credit Report? | Bankrate

Consumers who have filed bankruptcy are right to worry about just how long bankruptcies linger on their credit reports, but it’s important to note that you may see less impact to your credit as time goes by. https://bit.ly/30BDHr7

A bankruptcy will stay on your credit report for a number of years depending on when you actually filed as well as the type of bankruptcy.

08/08/2020

What You Must Know About Bankruptcy Discharge

A bankruptcy discharge is a court order issued at the end of a Chapter 7 or Chapter 13 case that relieves you from your obligation to pay a debt. Once a debt has been discharged, the creditor is prohibited from taking collection action on that debt—ever again.

A guide to bankruptcy discharge, a court order issued at the end of Chapter 7 or Chapter 13 cases that removes your personal liability for debts.

08/05/2020

What's the Difference Between Secured and Unsecured Debt?

Secured debts are linked to an asset, like a home or a car. Chapter 7 bankruptcy can discharge most types of unsecured debt. If most of your debt is secured or nondischargeable, Chapter 13 may be a better option. A bankruptcy attorney can help you determine which chapter is right for your situation.

When you're borrowing money, you need to know if the debt is secured or unsecured. Find out how to tell -- and why the difference matters.

08/01/2020

Bankruptcy Counseling: What It Is, What to Expect - NerdWallet

If you decide on bankruptcy, you’ll need to complete mandatory credit counseling through government-approved agencies. Here's what to expect.

Bankruptcy counseling is a crucial step in the process of filing for bankruptcy. Here's what it is and how you can do it.

07/28/2020

www.marylandattorneygeneral.gov

Extension of protections in Maryland?

https://www.marylandattorneygeneral.gov/press/2020/072820.pdf

07/24/2020

Understanding Bankruptcy Exemptions

Exempt property is property the law specifically allows you to keep after a bankruptcy case. https://bit.ly/3hbJDwo

Read about how to understand bankruptcy exemptions, what property is protected in bankruptcy, and exemptions by state.

07/21/2020

Applying for a Credit Card After Bankruptcy - NerdWallet

Filing for #bankruptcy typically means taking a big hit on your credit score, but it doesn’t necessarily mean you’re shut off from new credit entirely. https://bit.ly/2ZEhok8

A bankruptcy is going to make getting credit harder, but not necessarily impossible. Get your finances in order going forward, then explore your options.

07/15/2020

Is Filing For Bankruptcy Possible Twice?

Going through bankruptcy for a second time can be challening, but these steps can help.

A legal professional can guide adults through the process.

07/11/2020

Credit Cards After Bankruptcy | The Motley Fool

A bankruptcy shouldn't preclude you from being able to borrow money on good terms in the future. By taking steps to rebuild your credit after bankruptcy, you can see improvements in your credit score as your bankruptcy becomes less important compared to the good history you built up more recently.

Credit cards are important tools in rebuilding your credit score after bankruptcy. Here's a six-step process for building up your credit report with a credit card, even if you have a recent Chapter 7 or Chapter 13 bankruptcy behind you.

07/09/2020

5 key ways you can rebound quickly after bankruptcy

Bankruptcy can be challenging, but it can also be an opportunity for a fresh start to turn around your finances. https://cnb.cx/2NoNBpK

Bankruptcy can be a challenging time, but it can also be an opportunity for a fresh start to take hold of your finances and make a turnaround. Here are 5 key ways to quickly increase your credit score and put you on track toward a more prosperous financial future.

07/08/2020

Supreme Court reinforces ban on robocalls to mobile phones

https://amp.cnn.com/cnn/2020/07/06/politics/robocalls-supreme-court-ruling/index.html

The Supreme Court upheld a federal ban on robocalls to cell phones on Monday, rejecting a bid by political consultants to open the floodgates for campaign ads and other communications.

07/08/2020

32% of U.S. households missed their July housing payments

July was a poor month for making mortgage payments:

https://www.cnbc.com/2020/07/08/32-percent-of-us-households-missed-their-july-housing-payments.html

July marks the fourth month in a row that a "historically high" number of households were unable to pay their housing bill on time and in full.

06/26/2020

'We're Going to See a Flood of Evictions,' Activists Warn as End of Moratorium Looms – Maryland Matters

https://www.marylandmatters.org/2020/06/24/were-going-to-see-a-flood-of-evictions-activists-warn-as-end-of-moratorium-looms/?utm_source=msba%20weekly&utm_medium=email

As the end of the federal moratorium on residential evictions looms, local government officials and advocates for the poor worry that thousands of Marylanders could soon lose their housing. The Maryland judiciary has indicated it will resume hearing eviction cases on July 25, when the federal morato...

06/26/2020

Why Waiting to File Bankruptcy Can Hurt You

The longer people wait to file bankruptcy, the more they struggle, according to a 2018 study. https://bit.ly/2PmqcV3

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.

06/24/2020

Declaring bankruptcy was the hardest thing I've ever done, but it was the best decision I could have made for me and my daughter

Declaring bankruptcy may be one of the hardest decisions you ever make, but for many people, it's the best decision. https://bit.ly/2XIahVx

I was facing insurmountable medical debt, and declaring bankruptcy has allowed me to rebuild and demonstrate fiscal responsibility to my daughter.

06/24/2020

Millions of Americans will fall off an 'income cliff' when extra $600 in unemployment benefits ends next month

https://www.cnbc.com/2020/06/23/millions-face-income-cliff-next-month-when-extra-600-dollars-in-ui-ends.html

With the extra $600 per week in federal unemployment insurance set to expire at the end of July, policymakers grapple with how to stimulate the economy and help the 21 million Americans who are still unemployed.

06/21/2020

Nearly Half Of Americans Consider Selling Home As COVID Crushes Finances

When the mortgage relief ends we are set for huge financial storm. Lenders expect that the 3-6 months or forbearance to repaid all at once

https://www.zerohedge.com/personal-finance/nearly-half-americans-consider-selling-home-covid-crushes-finances

"The swift and unprecedented impact of COVID-19 left many people in a financial emergency..."

06/18/2020

Homeowners and renters catch a break: Evictions and foreclosures are on pause for another two months

Foreclosures and evictions are on hold for two more months

https://amp.cnn.com/cnn/2020/06/17/success/fha-eviction-and-foreclosure-moratorium-extended/index.html

In an effort to keep homeownerss and renters in their homes as they navigate the economic fallout of the coronavirus pandemic, federal foreclosure and eviction moratoriums are being extended for two more months.

06/15/2020

What Happens to Your Financial Accounts in Bankruptcy? | The Motley Fool

If you're thinking about filing for bankruptcy, here's a look at what will happen to your bank accounts, retirement accounts such as your Roth IRA, and other finances. https://bit.ly/3cHqcc8

Depending on how you go about declaring bankruptcy, you may or may not be able to keep various assets in your bank accounts, 401(k), traditional or Roth IRA, and other retirement accounts. Here's what you need to know.

06/13/2020

The US Trustee’s Office extends telephonic or video meetings through October 10, 2020

06/12/2020

Capital One and Other Debt Collectors Are Still Coming for Millions of Americans

As the COVID-19 pandemic hit, Americans got protection from evictions, foreclosures and student debt. But debt collectors have continued to siphon off their share of paychecks from those who still have jobs. https://bit.ly/2XLeNDV

As the COVID-19 pandemic hit, Americans got protection from evictions, foreclosures and student debt. But debt collectors have continued to siphon off their share of paychecks from those who still have jobs.

06/04/2020

10 Things You Should Know Before Filing for Bankruptcy

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

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.

06/03/2020

How Can Maryland Residents Escape Tax Debt?

Unpaid payments don't have to weigh people down.

Multiple options exist for relief.