Get a Fresh Financial Start with a Good Chapter 13, Bankruptcy

Lawyer in Maryland

• Filing for bankruptcy for any individual can be an immensely nerve wrecking experience. The level of emotional and financial stress is high and the people are also confused about all the legal paperwork and documents.

• A good Chapter 13 bankruptcy lawyer practicing in and around Maryland can help you make a new journey towards a fresh financial start. He will have good knowledge of the bankruptcy law and ensure that your forms are correctly filled and timely filed.

• In the following section we shall deal in detail with Chapter 13 bankruptcy, steps involved in it, repayment plan under Chapter 13 bankruptcy among others.

• A Chapter 13 bankruptcy also called a wage earners plan is a type of bankruptcy in which people are allowed to keep their property by using their income to pay off the debts over a period of time usually ranging from 3-5 years.

• The most important part of Chapter 13 bankruptcy is the repayment plan. It determines how you will pay off your debts.

• The court will approve your repayment plan taking into consideration your income and determining if it is enough to meet the payment obligations.

Important Benefits of Hiring a Chapter 13 Bankruptcy

• Bankruptcy offers you a second chance to make a fresh start. It helps you in better management of debts and their repayment.

• Chapter 13 bankruptcy buys additional time for you. This time

can be efficiently employed to find ways and means of generating additional income to pay back your debts and obliterate any chances of losing your property.

• A good bankruptcy lawyer knows the ins and outs of Chapter

13 bankruptcy and as such can guide you in the selection of the right type of bankruptcy filing, and the process by which you can eliminate most of the debt without any inconvenience.

Minimum harassment

• People, who for one reason or the other find themselves in debt, face a lot of harassment from their creditors. They often get calls at odd hours in their office or home resulting in acute distress and embarrassment.

• Creditors can still call you after you have filed for bankruptcy,

but hiring bankruptcy attorney makes it possible for you to tell the creditors to get in touch with your attorney. Your lawyer can handle all the creditors call, and you will be relieved of the harassment of handling it on your own.

The Right Work and Advice

• Most of the people are not aware of bankruptcy filing, its advantages and the cost associated with it. A good Chapter 13 bankruptcy lawyer providing legal services in Maryland and Washington DC areas can reduce your emotional and financial distress to a great extent.

• They will help you overcome fear and uncertainty by letting you know from the very beginning what will happen to your finances. A lot of paperwork is also required and a professional is better equipped to handle it.

Bankruptcy allows you to deal efficiently with debts you are in no position to pay. Chapter 7 bankruptcy also known as liquidation

or straight bankruptcy is a type of bankruptcy in which the debtor’s assets are sold to pay off the creditors whereas Chapter

13 bankruptcy gives you an opportunity to save your house or other property.

• A Chapter 11 bankruptcy attorney MD on the other hand is involved in helping with the reorganization of debtors’ business affairs and assets. It is the most expensive and complex of all bankruptcies.

• Whether it’s Chapter 7, 13 or 11 bankruptcies, the Law Office of Rowena N. Nelson, LLC providing its services in Maryland and Washington DC areas have the best bankruptcies lawyers.

• Its lawyers with extensive knowledge about the bankruptcy law will alleviate your financial stress and help you to get on with your life and pay undivided attention to your children and family.

Contact Us

Address:1801 McCormick Drive Suite 150

Largo Maryland, 20774

Office - 301.358.3271

Fax - 877.728.7744