Considering Filing for Chapter 7 Bankruptcy in Maryland?
We Treat Every Client with Respect & Discretion –
Call (410) 670-4939
At the Law Office of Cricket Browne, LLC we value the rights and interests
of every client.
Choosing our Maryland bankruptcy law firm provides the following benefits:
Free consultations to discuss the nature of your case with a professional.
Step-by-step guidance through the Chapter 7 bankruptcy filing process.
- Discrete and professional legal counsel from start to finish.
- Affordable legal services and flexible payment plans.
- Proven record in helping debtors obtain a financial fresh start.
Are you ready to end your debt nightmare?
Contact (410) 670-4939 for a
Get a Fresh Start with the Law Office of Cricket Browne, LLC
At the Law Office of Cricket Browne, LLC, our experienced Maryland Chapter
7 bankruptcy lawyers are ready to help you assert your rights. Our commitment
to availability and strong communication is apparent to all our clients, as
we are readily accessible by phone or even in-person. We always keep clients up-to-date on how their cases are developing, and
we offer flexible payment plans.
Whether you face overwhelming debt, wage garnishment, or harassment by
creditors, you can find the answers and advocacy you need with our Maryland
bankruptcy lawyers. Don't hesitate to
contact us today to learn how Chapter 7 bankruptcy can help you achieve debt relief!
Chapter 7 Bankruptcy Law: What You Need to Know
Understanding Chapter 7 Bankruptcy in Maryland
Chapter 7 bankruptcy is also known as a "liquidation" or "fresh
start" bankruptcy. Your bankruptcy trustee will gather your assets
and sell, or liquidate, any nonexempt assets to repay your dischargeable
debts. Chapter 7 bankruptcy is a relatively fast and simple way to obtain
relief from your debts.
How do I qualify for Chapter 7 bankruptcy?
To be eligible for this debt relief, you must pass the means test. This
test will take the median income of a household your size in Maryland,
and match it up to your income. Your income must be below the state median
Will Filing for Chapter 7 Discharge All of My Debt?
This will depend on the type of debt you have. Usually speaking, all your
secured debts (mortgage, car loan) and unsecured debts (medical bills,
credit card debt, etc.) will be discharged. However, certain creditors
can fight the discharge, claiming that there was fraud or that you never
intended to repay the debt. Also, debt from unpaid child support or alimony,
and certain tax debts cannot be erased by any legal process.
How Long Does it Take to File for Chapter 7?
The average Chapter 7 case will take about four to six months, and then
you can move forward with a clean slate. You can begin
restoring your credit immediately.
What Will Happen to My Home? Will I Lose My Assets?
Even though this is liquidation bankruptcy, you can claim certain exemptions
that can protect your property. The bankruptcy trustee can only sell non-exempt
assets. Maryland's bankruptcy laws provide exemptions for a house,
personal items, unpaid wages, tools of the trade, insurance, and more,
up to certain financial limits. For example, the homestead exemption covers
up to $22,975 of your home ($45,950 for spouses).
Our Elkton Chapter 7 Bankruptcy Attorneys Stand at Your Side. Call (410)
670-4939 Today for Free!
As with almost any area of law, there are numerous intricacies, restrictions,
and exceptions when it comes to filing for bankruptcy. When your financial
future is on the line, you can have peace of mind working with our bankruptcy
lawyers. We can provide the confident, proven guidance you need to navigate
this process to a new beginning.