Maryland mortgage modification lawyers of Chaifetz & Coyle, P.C. are excited to announce Super Bowl XLVI happening this Sunday.

Americans across the United States will tune in to watch one of the most anticipated Super Bowls in history.  The New York Giants and the New England Patriots will meet in Indianapolis on Sunday at Lucas Oil Stadium for the 2012 Super Bowl game.

The New England Patriots and NY Giants faced off four years ago in 2008 at the Super Bowl, and the Giants walked away with the victory.  This year, the Patriots are hoping to bring home the trophy.   They are entering the Super Bowl with a 15-3 record, and this will be the fifth time their head coach, Bill Belichick, and quarterback, Tom Brady, will be at the Super in the last 11 seasons.

The Giants enter the game with a 12-7 record having beaten the second-seeded San Francisco 49ers in the NFC Championship.

Tune in at 6:30pm EST to NBC for live coverage.  For more information, visit the Super Bowl website. 

Maryland bankruptcy attorneys of Chaifetz & Coyle, P.C. are thrilled to announce the Year of the Dragon Parade this Saturday.

At Rockville Town Square, families can come celebrate the Chinese Lunar New Year with the Year of the Dragon Parade kicking off at 11am.  There will be an 18-person golden dragon walking the streets, and an Asian street market will be open to explore exhibits with arts and crafts. The market runs from 10:30am-3pm, and the parade begins at 11am.  200 E. Middle Lane, Rockville, MD. 

In Virginia, there will be a Chinese New Year Festival also equipped with a parade, performances, and food to eat. 3020 Gallows Road, Falls Church, VA.

For more information, visit NBC Washington's website. 

The famous Hostess Brands Inc., maker of Twinkies and other delicious desserts, has filed for Chapter 11 bankruptcy.

On Wednesday, the company filed for bankruptcy citing cost restructuring as its main reason.  Court papers released stated, "Whether the debtors can achieve long-term viability depends directly and substantially on the debtors’ ability to achieve dramatic change to their labor agreements, with a corresponding material reduction in their cost structure and legacy pension and medical obligations, and a restructuring of their capital structure.” 

Hostess's current lenders, Silver Light LP, loaned $75 million to keep it in operation while the restructuring takes place.

If you are considering bankruptcy, contact Maryland chapter 11 bankruptcy attorneys of Chaifetz & Coyle, P.C. by calling 443-546-4608. 

Maryland bankruptcy attorneys of Chaifetz & Coyle, P.C. are excited to announce an array of holiday actitivities happening this season...

Take the whole family to see a "Muppet Christmas Carol" at the Lexington Public Library at 2pm on Thursday Dec 22.  Snacks will be provided.  Admission is free. 21677 FDR Blvd. 301-863-8188. 

On New Year's Eve, enjoy a New Year's Eve Dinner and Dance at the American Legion Post.  Choice of prime rib or stuffed chicken breast will be served.  The 2-4-U Band will play music for everyone to dance into the new year. The evening starts at 6:30pm.  3330 N. Chesapeake Beach Rd., Chesapeake Beach.  Tickets are $55; $100 for couples. 

 For more holiday events, visit the Community Calendar website. 

The Clare at Water Tower, a high-end residence for the elderly in Chicago, filed for Chapter 11 bankruptcy on Monday.

The facility was not able to attract enough wealthy seniors since opening, and filed at the U.S. Bankruptcy Court in Chicago.  The company listed $100 million to $500 million in assets and liabilities. Its creditors include Loyola University, the City of Chicago, Franciscan Sisters of Chicago Service Corp., and Greystone Development of Irving, TX. 

A representative of the Clare stated the company was "dangerously close to running out of working capital." Maryland-based Redwood Capital Investments, LLC is a potential buyer of the property. 

Only 80 condos were occupied by residents thirteen months after opening. They have since struggled to pay off debts.

If you are struggling to pay off debts and are considering bankruptcy, contact Maryland bankruptcy attorneys of Chaifetz & Coyle, P.C. at 443-546-4608 today to discuss your legal options. 

A new study conducted by the Institute for Financial Literacy from 2006-2010 shows that more people with college degrees and high paying jobs are filing for bankruptcy. Over the past four years, the number of wealthy, well-educated debtors increased by 20%. While the bankruptcy rate of unemployed have unsurprisingly risen by 21% since 2006, the study shows that 9% of those filing for bankruptcy earn more than $60,000 a year.

Married couples have also suffered over the past four years. 60% of debtors are married, and unfortunately 12% more have filed for bankruptcy. Racial demographics have also shifted since 2006. More Asian Americans and Native Americans are filing for bankruptcy, while African Americans' filings have decreased from 15.4% to 11.3%.

If you or a loved one are going through a financial hardship and are considering filing for bankruptcy, contact the Maryland bankruptcy lawyers of Chaifetz & Coyle, P.C. at 443-546-4608.