Chapter 7 Bankruptcy Lawyer 410-410-4900
If interest on your debts is stopping you from paying down your debts, bankruptcy may be the only realistic option. Our office has gained experience in representing thousands of businesses and consumers since nineteen seventy three with payment plans and low fees.
"There is no substitute for experience." As we are sensitive to the fact that your time is valuable, we have weekend and evening appointments. At your initial appointment we will review your financial situation and explain your bankruptcy options, as well as your non bankruptcy options.
If options may be more beneficial than bankruptcy we will also fully explain those options to you. In a Chapter 7 Bankruptcy case, the debtor dedicates all of the assets to a trustee. The trustee is will liquidate all of the non exempt assets for distribution to all of the creditors who file claims.
A Chapter 7 case is very different from a chapter 13 case in which the debtor pays off a part of the debt.
Serving The entire state of Maryland since nineteen seventy three Excellence In Legal Service Chapter 7 bankruptcy is also referred to as a liquidation or a straight bankruptcy. It involves a process in which the debtor can request the bankruptcy court to elemniate out most debts so the debtor can obtain a fresh. The judge will review the case and accept or deny the if to grant the discharge.Upon the filing of the case, the court will grantan automatic temporary stay in which will prevent creditors from trying to enforce payments or taking action such as wage garnishment, repossession, or foreclosure, while the bankruptcy case is pending.
Chapter 7 Bankruptcy Attoney
Chapter 7 Bankruptcy Lawyer
Bruce Lamb, Attorney at Law 443-902-1962