Experienced Debt Relief Representation
In today's uncertain economic climate, it is possible to suddenly find yourself overwhelmed by debt. Fortunately, there are options available to help you get out from under overdue bills and on a path toward a brighter financial future. At McNamee Hosea, our Annapolis and Greenbelt, Maryland, bankruptcy lawyers can review your situation and let you know whether Chapter 7 or Chapter 13 bankruptcy might be an option for you. You should not have to worry about bills that you simply cannot afford to pay.
Debt Liquidation Through Chapter 7
A Chapter 7 filing is often referred to as liquidation bankruptcy. In effect, this means that certain assets will be liquidated and your entire debt will be discharged. There are a number of exemptions to assets that are subject to liquidation, and our experienced Annapolis Chapter 7 attorneys can develop a plan that can exempt your home, vehicles and household goods from repossession. Filing for Chapter 7 also puts an almost immediate end to harassment by creditors and wage garnishment. We will meet with you to determine whether you qualify for this filing.
Reorganizing Debt Through Chapter 13
Chapter 13 differs from Chapter 7 in that your debts are not discharged, but rather reorganized into a payment plan you can afford. Typically, this involves the institution of a three- to five-year repayment plan, at the end of which any outstanding payments are forgiven. If you do not qualify for Chapter 7, Chapter 13 may still be an option for you. Our lawyers can let you know what will be the best fit for your situation.
Helping You Get a Fresh Start
There is a stigma surrounding bankruptcy. Many people think that this means that you are simply irresponsible with your finances. The fact is, people fall behind on payments for a number of reasons, such as unforeseen medical expenses not covered by insurance or never recovering from a financially bruising divorce. Bankruptcy is best thought of as a fresh start to put you on the road back to financial recovery. Let the debt relief attorneys at McNamee Hosea help you relieve your burden.
Call for an Appointment With a Maryland Chapter 7, 11 and 13 Bankruptcy Lawyer
If you are drowning in a sea of bills and wish to avoid foreclosure, we can help. Contact our Washington D.C. bankruptcy attorneys online or call 301-441-2420 to schedule a meeting with a dedicated lawyer. When financial problems turn into financial crises, turn to our experienced and proven law firm.
Bankruptcy Law Attorneys
James M. Greenan
Craig M. Palik
Chris L. Hamlin
Steve L. Goldberg
Leah V. Lerman
