Our Debt Restructuring Law Firm Helps You Get On Top Again
Declaring bankruptcy no longer has the stigma it once had. Today’s uncertain financial climate finds many people and businesses with no other choice than to file bankruptcy in order to start with a clean slate and regain financial control. When you realize your finances are out of control, it is best to speak with a professional. The bankruptcy attorneys at The Law Office of DeCaro & Howell, P.C., offer debt relief advice that you can trust. Our attorneys can help you understand your different options for getting out of debt and the implications of each.
Regaining control means you have taken responsibility for your finances and want a better future for yourself and your family. If you feel you or your company are victims of today’s variable employment and real estate markets, call the Chapter 13 bankruptcy attorneys at The Law Office of DeCaro & Howell, P.C., serving Maryland and northern Virginia, as well as the District of Columbia. We can give you a confidential evaluation of your debt relief options. Contact us today.
How To File Chapter 13 Bankruptcy In Maryland
Under Chapter 13 bankruptcy, you restructure your debts as well as eliminate the debts you cannot afford. You’re eligible for Chapter 13 if you have a steady stream of income and can devise a payment plan with your attorney to pay creditors *least the amount* they would receive if you liquidated everything under Chapter 7. Bankruptcy lawyers at our Maryland debt restructuring law firm work with you to find out if Chapter 13 is right for you.
The process for filing Chapter 13 bankruptcy is as follows:
- File petition to put “automatic stay” into effect, halting all creditor collection attempts and imminent foreclosures.
- With your bankruptcy attorney, you present a repayment plan to creditors that offers them an affordable single payment for all of your debts.
- After a three- to five-year period, your debts are discharged
It is important to secure representation from an experienced Maryland bankruptcy lawyer, who can explain the finer details of filing Chapter 13. For instance, you may have both secured and unsecured debt. Your attorney can explain what happens with both, and other bankruptcy implications, such as how bankruptcy affects your credit score, taxes and more.
Contact Our Lawyers Today
At The Law Office of DeCaro & Howell, P.C., we’re ready to help you get your finances under control. We understand difficult financial situations, and how they affect the rest of your life. Let us help you ease your fears about your future. The Law Office of DeCaro & Howell, P.C., proudly serves Maryland, northern Virginia and District of Columbia communities. Contact us to schedule a consultation at 301-750-9941.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.