You can Find Chapter 13 Bankruptcy assistance in Prince, MD through a local bankruptcy attorney. This form of bankruptcy is designed to allow consumers a financial rehabilitation by reorganizing their debts. This option allows the court to oversee a devised plan to allow the consumer to pay one monthly payment for all debts. Through this option, a judge may discharge some debts immediately. To discover how chapter 13 bankruptcy can help you, consult your preferred attorney today.
Chapter 13 Bankruptcy
Through chapter 13 bankruptcy, the court devises a strategy to assist you in paying off all of your debts through one claim. A court appointed liaison monitors your bankruptcy case after it is approved by the judge. This liaison acts as an advisor for you and assists you through this process.
The judge may decide which debts are eligible for discharge during your hearing. Any debts that are discharged are no longer valid and you are not responsible for paying them. However, you are responsible for paying the monthly payment that is determined through your bankruptcy claim. Failure to pay this payment will result in a discharge of your bankruptcy case and render you immediately responsible for all debts.
Local Bankruptcy Lawyer
Laura Margulies and Associates are familiar with all forms of bankruptcy. This includes chapter 13 which allows you to consolidate your debts into one payment option. This law firm assist you in preparing a claim for submission to the court. Within this claim are all debts that you owe based on your credit history. These attorneys will help you to determine whether chapter 13 or other bankruptcy options are most suited for your financial needs. You may schedule an appointment to discuss these options with this law firm by contacting them locally.
Summary
You can Find Chapter 13 Bankruptcy assistance in Prince, MD through law firms that handles these cases. Most bankruptcy attorneys offer advice as to which form of bankruptcy is most beneficial for consumers seeking debt-relief. This options enable consumers to reorganize or liquidate assets to settle their debts. Your attorney will discuss these options with you to determine which is the most beneficial based on your finances. Contact your preferred attorney to learn more about chapter 13 bankruptcy.
