What You Should Know About Filing for Chapter 13 Bankruptcy in Maryland or Washington DC
From a Washington DC Bankruptcy Lawyer
If you are faced with piles of debt and you are now on the verge of mortgage foreclosure or car repossession, you may think your future is bleak. However, Chapter 13 bankruptcy allows you to reorganize and consolidate your debt into a repayment plan lasting between three to five years. You can save your non-exempts assets, stop the threat of immediate repossessions and get on the path to financial stability.
At the Law Firm of Kevin D. Judd, our Washington DC bankruptcy lawyer will work with you to consolidate your debts and get you back on track. He knows every aspect of Maryland Chapter 13 bankruptcy, and will help manage your case for debt restructuring.
Consolidate and Pay Back Your Debt
Bankruptcy provides a legal procedure to give consumers workable options for reducing debt once the debt has become unmanageable. Chapter 13 is designated for individuals who have a steady income, but have fallen behind in house or car payments and are in danger of having their home foreclosed or their car repossessed. If you want to keep your house, keep your car and repay your debts, a Maryland Chapter 13 bankruptcy is your best option.
Maybe you are concerned that filing for Chapter 13 bankruptcy will have a detrimental affect on your credit rating. However, successful completion of a Chapter 13 plan will help your rating, as creditors will see you were able to make your payment on time. This is why it is important to work with a skilled Washington DC Chapter 13 attorney to understand how a repayment plan works and know all of your options.
The Maryland bankruptcy Law Firm of Kevin D. Judd has enabled many individuals to obtain a fresh start on their finances. If you are considering filing for bankruptcy, contact a Maryland bankruptcy attorney in our office for a free initial consultation, or call us at (202) 483-6070. You may also email us or visit our frequently asked questions about bankruptcy.
For more information about Chapter 13 bankruptcy, please see:
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