Maryland Bankruptcy

/Maryland Bankruptcy

Chapter 13 Bankruptcy in Maryland: What Property Can You Keep?

When you file a Chapter 13 bankruptcy in Maryland, you’re proposing a 3-year to 5-year repayment plan to all the creditors who have a claim against you. Many people choose to use Chapter 13 as a form of debt relief, because it can: Help prevent foreclosure on your home Give you time to make up [...]

What Happens After You File Chapter 13 Bankruptcy in Maryland?

Chapter 13 bankruptcy, commonly called reorganization bankruptcy, is a process that allows you to repay your creditors over time. It’s unlike Chapter 7, which dissolves your debt but requires you to give up many of your assets in the process, because you keep most (or even all) of your assets after creating a repayment plan. [...]

Do I Qualify for Chapter 13 Bankruptcy in Maryland?

If you’re like many people, you’re in serious financial straits and you’re not quite sure where to turn. You may have asked yourself, “Do I qualify for Chapter 13 bankruptcy in Maryland?” While not everyone does qualify to file for this type of debt relief, you might; the courts determine who is eligible and who [...]

Filing Chapter 7 in Maryland: An Overview

Filing Chapter 7 in Maryland You must show that you received credit counseling approved by the U.S. Trustee in Maryland to qualify for Chapter 7 bankruptcy, and you must have completed the counseling within the 6-month period before you filed. Our state has its own set of bankruptcy exemptions, as well. These exemptions help you [...]

How Long Does Bankruptcy Take in Maryland?

One of the most common questions we here is “How long does bankruptcy take in Maryland”. There are actually a few ways to look at this question and we will review them below. First of all, “how long does bankruptcy take in Maryland” could mean how long does it take an attorney’s office to prepare [...]

Maryland Bankruptcy Exemptions

Maryland Bankruptcy Exemptions are very important when preparing to file for bankruptcy protection. Simply put, exemptions allow you to keep personal and real property. Here we will go over some of the more common exemptions used in filing for bankruptcy. Remember there are other exemptions available outside of this list and you should always consult [...]