Baltimore Bankruptcy Chapter 7 Lawyer
Some of the most common events that lead to debt problems are medical expenses, periods of unemployment and divorce. Those events are stressful enough, but when coupled with worries about how you will pay your bills, they can be overwhelming.
At the Law Office of David W. Cohen, in Baltimore, Maryland, I understand the stress and anxiety that financial pressures can bring. With over 25 years of experience as a personal bankruptcy lawyer, I have helped thousands of people take advantage of the federal bankruptcy laws to get a fresh start.
What Will Chapter 7 Bankruptcy Do for Me?
Chapter 7 bankruptcy is designed to provide relief from crushing debt by discharging it. This form of bankruptcy addresses debt that is not associated with property or an asset, making it a good alternative for individuals who have a lot of credit card debt, unpaid medical bills, utility bills and similar debt.
If you qualify and choose to file a Chapter 7 bankruptcy, you will experience immediate benefits: It will stop harassing phone calls from creditors, lawsuits, repossessions and garnishments. The court issues an automatic stay, which prohibits your creditors from contacting you or attempting to collect a debt. When you have successfully completed the Chapter 7 process, your applicable debts will be discharged and you will have a fresh start.
Will I Be Able to Keep My Car and Home?
In a Chapter 7 bankruptcy filing, you agree to identify all of your assets. This does not mean that most or all of your assets will be sold by the trustee appointed by the court to handle your case. In fact, most if not all of my clients have no assets that are actually sold. Certain items of personal property, including your home, your car and other items, may be exempt from liquidation under the Bankruptcy Code. When we work together on your Chapter 7 filing, I will identify up front the assets that you will be able to keep. If you have to give something up, we will work together to reach the best result for you.
A Chapter 7 filing is not appropriate or desirable for everyone. If you simply want to work out a payment plan with creditors without the harassing debt collection calls and letters, I can help you file for protection under Chapter 13 of the Bankruptcy Code. If you ultimately decide that you do not want to file for bankruptcy, I may be able to help you resolve your issues by pursuing an alternative to bankruptcy.
Call to Learn More
If you have questions about filing a personal bankruptcy, speak directly with an experienced and well-respected attorney. Contact me to schedule a free initial consultation. Sunday appointments are available upon request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
