2016

Filing For Chapter 13 Bankruptcy Protection In Maryland

Chapter 13 bankruptcy is filed in federal bankruptcy court in the flier’s home state, but each state has its own rules concerning exemptions, or property that you can keep when filing for bankruptcy. This type of bankruptcy allows a debtor to repay creditors according to their disposable income, or money that is left over after essential bills are paid. Debtors can keep nearly all of their property unless they have substantial assets than can be liquidated to help to satisfy their debts.…

Exploring Your Bankruptcy Options

If you are drowning under a sea of debt, then you might be seriously considering bankruptcy. However, there are actually two different kinds of bankruptcy, and they are very different in how they play out. To help you decide which is best for you, here is a comparison of Chapter 7 and Chapter 13 bankruptcies. What is the ultimate result? With Chapter 7, some of your assets will be sold off and all applicable debts will be erased.…

After racking up thousands of dollars worth of debt, it can be overwhelming to think about dealing with the future. In addition to struggling with your month-to-month bills, you might also stress about saving a little extra, facing creditors, and living your life. However, if you work with a lawyer to declare bankruptcy, you can reset your financial situation. Although the bankruptcy process can sound intimidating, a trained lawyer can walk you through the entire process. After evaluating your situation and showing you what to do next, your lawyer can help you to heal from even the most frustrating financial losses. Read here to learn a little more.