We can help you reclaim your financial life by offering you the legal guidance and assistance you need to find the most effective debt relief option available to you. We can discuss which chapter of Bankruptcy is more suited towards your financial profile and overall goals.

Our experience in handling bankruptcy has exposed us to many complex financial situations. It is important to plan ahead, and focus on what should be done to address the array of intertwining issues that will have an effect on your case disposition. We will provide you with the information you need to know and counsel you as to what you need to do to responsibly address the problems you may have.

The material on this page is intended for informational purposes only and should not be considered legal advice.

What is Bankruptcy?

Bankruptcy is the process of gathering an individuals non-exempt assets and eradicating debt through the process of a “discharge”. Debtors may file for Chapter 7 or Chapter 13 bankruptcy depending on their financial profile. Each type of bankruptcy provides certain protections to debtors that are unique to their circumstances.

How do I know whether I qualify to file a Chapter 7 or 13?

There are a multitude of factors that must be analyzed when determining whether a person can file Chapter 7 or a Chapter 13 bankruptcy. A consultation will help to provide information as to which chapter is best suited for you circumstances.

What is Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy can be referred to as a “discharge of debts.” Under Chapter 7 most debts can be discharged or eradicated, which provides an individual with a new financial status, without the debts that previously existed.

What happens if I file for Chapter 13?

Under Chapter 13, an individual will make payments for a proportion, or in some situations, particularly those involving property and or taxes, all of the debt owed to creditors over a payment period.

How will filing bankruptcy impact my credit?

A bankruptcy will generally stay on your credit report for a period of 7–10 years. Creditors will make assessments of an individuals’ credit worthiness, despite the bankruptcy, to make a decisions about extended loans in the future.

How long will my case take?

It depends on the chapter of bankruptcy. For a Chapter 7 bankruptcy it generally takes a minimum of three to five months to complete, from time the case is filed until a decision is made on the case.

In a Chapter 13 bankruptcy, a typical case will take between three to five years to complete the plan payments. After this period, the debtor can ask for the case to be discharged.

Do I need an attorney to file bankruptcy?

An attorney is not required to file bankruptcy. However, most people become frustrated with the filing process and struggle to understand all the steps involved. Filing for bankruptcy is complicated. An attorney can handle each stage of the process and act as intermediary between you, the Trustee, and your creditors.   

How do I get started?

Please call us to discuss what is required to file bankruptcy in Maryland. Let us help you get started on your search for debt relief today. We are a debt relief agency.