Chapter 13 Bankruptcy Lawyers ROCKVILLE

Both Chapter 7 bankruptcy and Chapter 13 bankruptcy provide you protection from your creditors and a discharge of certain kinds of debt. In Chapter 7 bankruptcy, the focus is on the discharge.

Here’s what usually happens: You file your petition (which is a collection of documents some fifty pages long) with the court. About a month later, you go to a hearing before the Chapter 7 trustee, and then following a two-month notice period after that, the court issues a discharge order.

There are different kinds of debt:

Chapter 7 bankruptcy is “liquidation bankruptcy.” That means the Chapter 7 trustee is empowered to liquidate your assets and distribute them to your creditors. However, the law also provides for certain “exemptions” from liquidation. The law puts your assets into different categories and sets different limits on them. If your assets are worth less than those limits, they are exempted from being liquidated. Most people who file Chapter 7 bankruptcy cases have assets below those limits.

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Chapter 13 Bankruptcy Lawyers Frederick

By on Oct 1, 2007 in Brett Weiss News, Maryland Bankruptcy, Recent Decisions

The Honorable Nancy V. Alquist, a Judge on the United States Bankruptcy Court for the District of Maryland, entered a ruling on September 28, 2007 in an important case I argued, In re Baker. This case deals with international bankruptcy at the individual level—it lets people living outside the United States file for bankruptcy in the United States to discharge their U.S. debt. A copy of her opinion may be found by clicking on this link.

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Chapter 13 Bankruptcy Lawyers Baltimore Maryland

1st Choice Credit Counseling & Financial Education a/k/a DBSM, Inc.
2049 Marco Drive
Camarillo, CA 93010
877 692 5669
www.mybknow.com

A 123 Credit Counselors, Inc
703 Waterford Way (NW 62nd Ave.)
Suite 220
Miami, FL 33126
305 269 9201
www.a123cc.com English and Spanish
888 412 2123 English and Spanish

Abacus Credit Counseling
15760 Ventura Boulevard
Suite 700
Encino, CA 91436
800 516 3834 English and Spanish
www.abacuscc.org English and Spanish

Advantage Credit Counseling Service, Inc.
River Park Commons
2403 Sidney Street, Suite 400
Pittsburgh, PA 15203
888 511 2227
www.advantageccs.org

Advisory Credit Management, Inc.
5769 West Sunrise Blvd.
Plantation, FL 33313
800 786 3940
www.advisorycreditmanagement.org English and Spanish

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