Chapter 7 Bankruptcy? Contact a Maryland Lawyer
In a Chapter 7 bankruptcy, a debtor’s unsecured debts such as credit cards, medical bills and bank loans are eliminated. Most people filing Chapter 7 bankruptcy are able to keep their home, car and personal belongings such as tools, televisions and bicycles.
Discuss whether you are likely to qualify for Chapter 7 bankruptcy in Maryland or Washington, D.C., with an experienced local attorney ready to guide you through each step as painlessly and efficiently as can be.
Call or e-mail Joseph, Greenwald & Laake, P.A. to schedule an initial consultation.
About the New Means Test and Credit Counseling Requirement for Bankruptcy Filers
New bankruptcy laws passed in 2005 put up new hurdles in the way of Chapter 7 bankruptcy (debt discharge). People who are interested in Chapter 7 must now submit to a means test and credit counseling before filing. However, Chapter 7 is still an option for people with overwhelming quantities of unsecured consumer debt and limited financial means.
Will Obama's Presidency Bring About More Changes in Bankruptcy Laws?
The public may wonder what an Obama presidency might mean to consumer issues such as bankruptcy laws. Interestingly enough, Obama was one of the 24 Senators who voted against the 2005 bankruptcy law. Some people believe this could mean that bankruptcy laws of the future may be less harsh on consumers seeking to file Chapter 7 bankruptcy. Even if this happens, laws do not change quickly and we should not expect the 2005 laws to go away anytime soon.
Discuss Your Situation with a Maryland Bankruptcy Lawyer
Get a handle on your own financial crisis, beginning with a frank discussion with an experienced attorney. Talk about whether Chapter 7 or Chapter 13 bankruptcy may be appropriate answers to your crushing load of debt.
Call or e-mail Joseph, Greenwald & Laake, P.A. to discuss your financial challenges and the process of qualifying for, and filing, Chapter 7 or Chapter 13 bankruptcy.
