Salisbury Consumer Bankruptcy Lawyers
reach out to our attorneys for effective resolutions to your problems.
Chapter 7 and Chapter 13 Bankruptcy — Putting You Back on Solid Financial Footing
In addition to financial challenges caused by credit card debt, sudden and expensive medical problems, divorce or death, we now help people facing:
- Homes losing value and becoming “underwater”
- Sudden loss of income
- Job loss, or a reduction in hours worked
- The loss of dependable overtime pay
- Adjustable rate mortgages
- Rising energy costs
At The Law Firm of Shaw & Crowson, P.A., we understand the feelings of surprise and even shock that you may be experiencing as you consider filing for bankruptcy protection. And we can help.
A face-to-face meeting with an experienced Salisbury consumer bankruptcy attorney can provide fast, helpful answers in a safe, confidential environment. We do not judge. We solve problems for people and businesses facing stress, worry and, often, seemingly unsolvable financial problems.
At our firm, a knowledgeable bankruptcy attorney will sit down with you for a full financial consultation. We will discuss viable alternatives to bankruptcy, assess informal workouts, start the process of protecting your remaining assets, and, if necessary, file bankruptcy immediately to end creditor harassment, wage garnishments, bank liens and other problems.
What Is the Difference Between Chapter 7 and 13 Bankruptcy?
We can help understand the differences in both Chapter 7 and Chapter 13 consumer bankruptcy:
- Chapter 7 is known as the “fresh start” bankruptcy, under which all exempt assets are protected and eligible debts, such as credit card debt, medical bills and unsecured personal loans, are wiped clean. Certain debts, such as child support arrearages or student loans, cannot be discharged through the bankruptcy process. Our firm can explain what exemptions you can receive, including the new Maryland Homestead exemption, and help you understand which assets you may be eligible to keep under these exemptions. We can guide you through this process and explain your options if you are not eligible.
- Chapter 13 is the “payment plan/debt reorganization” bankruptcy. Chapter 13 bankruptcy allows debtors to consolidate their debt into a manageable repayment plan. This plan allows debtors the opportunity to avoid foreclosure by consolidating defaulted payments into structured repayments, allowing them sufficient time to regain control of their finances. It is also possible to avoid the liens of second mortgages and certain judgments with Chapter 13. Further, asset liquidation is unnecessary in this type of bankruptcy.
Contact a Federally Designated Debt Relief Agency in Salisbury, Maryland
Contact The Law Firm of Shaw & Crowson, P.A., for a firm offering effective consumer bankruptcy legal services in a manner that is truly convenient; we are located one block from the Salisbury courthouse. To contact us for experienced legal service close to home, call 410-742-9171.
We are a federally designated debt relief agency. We provide relief under the Bankruptcy Code.