Maryland Bankruptcy Attorneys
Are you overwhelmed with paying your mortgage and covering all of your bills? Does your business struggle to remain lucrative despite your best of intentions to reorganize your financial affairs? If you are seeking a fresh financial start, bankruptcy might be a viable option for you or your business.
The law firm of Joseph, Greenwald & Laake, P.A. is committed to helping individuals and businesses obtain debt relief. For more than 40 years, our firm's Maryland bankruptcy lawyers have guided clients through the complicated bankruptcy process.
We offer an extensive background dealing with creditors, trustees, and the bankruptcy court. Our law firm knows the right steps to take in helping you get back on your feet. Contact us online or call 877-412-7429 to schedule a consultation at one of our law offices in Greenbelt or Rockville, Maryland.
Skilled Washington, D.C., Chapter 7 Bankruptcy Lawyers
Individuals and families overwhelmed with debt often seek a fresh start through Chapter 7 bankruptcy. This bankruptcy option is valuable for individuals looking to wipe away credit card debts, medical bills and other unsecured debts. While Chapter 7 bankruptcy would allow you to keep most of your property, you would have to turn over any luxury items to help pay back your creditors.
To qualify for Chapter 7 bankruptcy, you will need to pass at least one part of the bankruptcy means tests. The Chapter 7 bankruptcy attorneys at our firm will work with you to make sure the right information is submitted for the means test. The formula for the means test will be used to compare your household income to the medium-level income for a family of the same size in Maryland or Washington, D.C. You will be eligible for Chapter 7 debt relief if your income level is below the medium-income level of your state.
Experienced Chapter 13 Bankruptcy Attorneys
If your household income is above the medium-income level in your region, Chapter 13 bankruptcy might be the best option for you and your family. Chapter 13 bankruptcy is designed for individuals and families with a steady income who have become buried with extensive debts and unpaid bills.
Through Chapter 13 bankruptcy, you will be allowed to keep all of your property with the condition that you will pay back a significant portion of your debts over three to five years. The 13 bankruptcy attorneys at our firm are available to develop a realistic payment for the bankruptcy trustee to approve. At the end of the three-to- five-year payment plan period, all of your dischargeable debts will be completely wiped away.
Greenbelt Chapter 11 Bankruptcy Legal Help Attorneys
Chapter 11 Bankruptcy allows businesses struggling to make ends meet restructure and reorganize the financial aspects of the operation, as opposed to liquidating the company's assets. At the law firm of Joseph, Greenwald & Laake, P.A., we help small and large businesses develop a repayment plan for the business creditors to approve.
As opposed to Chapter 13 bankruptcy, there are no restrictions to the amount of debt owned or the duration of the payment plan. We also help individuals file Chapter 11 debt relief if they owe more than is allowed under the Chapter 13 debt caps.
Contact the law firm of Joseph, Greenwald & Laake, P.A., online or call 877-412-7429 to schedule a consultation at one of our law offices in Greenbelt and Rockville, Maryland.
