Information on Maryland and Washington DC Chapter 7 and Chapter 13 Bankruptcy

Prepared by Maryland Chapter 7 Lawyer, Kevin D. Judd

There are many circumstances that can cause hard-working, honest individuals to get in over their heads financially. Losing your job, medical bills, or an unexpected event can make your finances unmanageable. At the Law Firm of Kevin D. Judd, our Washington DC Chapter 7 attorney will work with you to eliminate or consolidate your debt, stop property foreclosure and restore your financial freedom.

There are two types of bankruptcy individuals can file: Chapter 7 and Chapter 13.

Chapter 7

Chapter 7 bankruptcy is also known as debt liquidation, and it eliminates all dischargeable debt. Creditors cannot pursue wage garnishment, harass you with phone calls or take any other action against you such as threatening repossession. The debt is eliminated and you do not have to repay it. There are, however, non-dischargeable debts that do need to be paid such as student loans and child support payments.

Chapter 13

Chapter 13 bankruptcy essentially means setting up a payment plan based on your projected future earnings to repay your creditors within three to five years. Chapter 13 bankruptcy is for individuals who have a regular income but have fallen behind in payments and/or are about to lose their house or car.

If you need knowledgeable Maryland or Washington DC legal assistance to consolidate, eliminate or reorganize your debt, call the Law Firm of Kevin D. Judd at (202) 483-6070. Our Maryland Chapter 7 lawyer offers clients personalized legal services and hope for their financial future.

Your gateway to financial freedom.

Free initial phone consultation. Located near the Navy Memorial/Metro Station.