Considering Filing for Chapter 7 Bankruptcy in Maryland?
We Treat Every Client with Respect & Discretion
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!
Are you ready to end your debt nightmare?
Contact (410) 670-4939 for a FREE CONSULTATION.
Understanding Bankruptcy Law in Maryland
Chapter 7 Bankruptcy in Maryland
Filing for Chapter 7 bankruptcy in Maryland is when your bankruptcy trustee will gather your assets and sell, or liquidate, any nonexempt assets to repay your debts. Nonexempt assets include valuable items, a second car, a second home, cash, stocks, or other investments.
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 to qualify.
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).
Get a Fresh Start with the Law Office of Cricket Browne, LLC
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.
Our Elkton Chapter 7 Bankruptcy Attorneys Stand at Your Side. Call (410) 670-4939 Today for free!
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