Why Bankruptcy Is A Viable Option
The stress of paying bills and facing long-term debt cannot be overstated, but when you find yourself in that situation and feel theres no way out, we can help you. Bankruptcy is an option that is designed to help you get back on an even financial footing with the help of our law firm at The Coyle Law Group.
Declaring bankruptcy is not an admission of failure. Its a reasonable step to take when all other options have been exhausted. Many of us can get blindsided by an unexpected issue that derails our finances, such as an illness or job loss. When you meet with us, well explain how bankruptcy can stop a foreclosure and prevent similar adverse financial outcomes. We will help you determine whether you should file for Chapter 7, 11, or 13 bankruptcy.
Need Help With A Bankruptcy Matter
Just because you owe money to another person, a bank, a credit card company, a landlord or another party doesn’t mean you’ve signed away your legal rights. Federal and state debtor-creditor laws explain both the legal rights and obligations of debtors and creditors . If you’re being hounded by collection agencies and debt collectors, talk to a bankruptcy and debt attorney who can help you enforce your legal rights while also working to explore debt relief options. Your lawyer can discuss the pros and cons of debt settlement, garnishment, personal bankruptcy and other possible solutions. Many states forbid lawyers to say they specialize in a specific practice, but for bankruptcy law you wouldnt want it any other way. Look for attorneys who limit their practice to bankruptcy law.
How Many House Payments Can I Miss Before Facing Foreclosure
If you are even just 10-15 days late with a mortgage payment, your lender will probably assess a late fee. If you miss one months mortgage payment, youll probably receive a monthly statement marked in red with the late fee clearly prominently displayed. If youve missed two or three payments, your lender will likely send a Demand Letter requesting full payment within 30 days. By the end of the fourth month if you have not made a mortgage payment, your lender will likely consider the loan to be in default and will start the foreclosure process. If you have fallen behind in mortgage payments, its important to speak with an experienced foreclosure attorney as soon as possible in order to understand all of your options. For example, in some cases, bankruptcy can prevent or delay foreclosure.
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Chapter 12 Bankruptcy In Maryland
Chapter 12 bankruptcy is for family farmers and fisherman. It is similar to a Chapter 13 bankruptcy but allows for greater flexibility in payment terms. There are some unique advantages to Chapter 12 for those who qualify. Because Chapter 12 bankruptcy has extra eligibility requirements, it is not as common as the other chapters. There are only a handful of Chapter 12 trustees in Maryland. You need a Maryland Chapter 12 bankruptcy attorney who knows the procedures of the Maryland Chapter 12 trustees and the Maryland bankruptcy courts.
Providing Skilled And Compassionate Representation
When you are faced with financial hardship, regardless of where the fault lies or what the problem is, an experienced attorney from our firm of Wolff & Orenstein, LLC can help get you and your family back on track. That is our commitment to you. Throughout our more than 60 years of combined experience, our lawyers have been proud to help families throughout Maryland work through their legal issues, overcome their setbacks and, in some cases, quite literally erase their past.
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Who Will Handle My Case
When you hire our law firm for your legal case, you dont just hire a single attorney. You hire a team. Each practice area has at least two attorneys who handle that area of law, so you have backup when you need it. Our paralegals are highly trained and have lots of experience. Plus they are unfailingly nice & pleasant to work with. You will love working with them!
Dave Gormley, Partner
Practice Area
Dave Gormley is a Partner at Andrews, Bongar, Gormley & Clagett and is the head of our bankruptcy and real estate departments. He has been handling bankruptcy cases since the 1990s even before the bankruptcy laws changed so dramatically in 2005.
Dave has been very active in stopping the wave of foreclosures in Maryland that occurred after 2008 when the financial crisis hit. There isnt much related to bankruptcy or foreclosure he has not already seen. Dave is admitted to practice in Maryland and the Federal Courts, including the U.S. Bankruptcy Court and the U.S. Supreme Court.
Dave is a life long resident of Maryland. He came to our firm in 2002 after many years in another local law firm, handling thousands of bankruptcy, family law, and criminal cases. He is a familiar face in the Southern Maryland courts, and in the United States bankruptcy courts.
Dave was born & raised in Annapolis. His wife is a teacher, and manages a nursery school.
About Our Chapter 11 Bankruptcy Practice
Chapter 11 bankruptcy is typically used by businesses, but it can be used for small business owners or specific individuals. Chapter 11 allows the restructuring of debts so that they can be repaid over time. When filing Chapter 11 bankruptcy, the business can remain active while repaying creditors.
In this type of filing, the debtor will have a set time frame to develop a reorganization plan and determine when each creditor will be repaid. Unlike Chapter 13, Chapter 11 has no limit on the amount of debt that is restricted. That is why it is used by large corporations and businesses that need to handle a great deal of debt.
Don’t take chances with your second chance. Speak to one of our experienced Bankruptcy Attorneys today.
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Chapter 7 And Chapter 13 Bankruptcy In Maryland Can Offer You A Fresh Financial Start
Bankruptcy is one of those things that most people dont think will happen to them. But bankruptcy relief is in place because unforeseen circumstances can arise that necessitate relief fromor reorganization of your debts. Mudd, Mudd & Fitzgerald, P.A. understands that filing for Chapter 7 or Chapter 13 bankruptcy is a difficult decision. We are skilled bankruptcylitigators, who fight tenaciously for your fresh start or reorganization.
Is Bankruptcy A Good Option For Me
There are some unfortunate preconceived notions about bankruptcy. But the truth of the matter is that many more individuals and couples file for bankruptcy than most people realize. Especially in todays trying times, filing for bankruptcy can provide a much-needed financial lifeline to individuals and couples who are struggling to pay their bills month-to-month.
If bankruptcy were just for people who wanted to get out of paying what they owe, then the bankruptcy laws we have today would not exist. In fact, the law would be much different. The laws we have today are designed specifically to help people who have come upon financial hardships unexpectedly. Sometimes people simply need a little bit of help to regain their financial footing.
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Meet With A Skilled Attorney Today
To talk to an experienced Landover Chapter 7 bankruptcy attorney, fill out theonline contact form or call the Law Offices of Scott D. Arnopol at or toll-free at . We return calls within 24 hours. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Bankruptcy Is Your Constitutional Right
- Have you received threatening or bothersome phone calls from bill collectors at home or at work?
- Does your credit card debt appear to be never ending?
- Are you afraid of potential wage garnishments?
- Are fearful of losings your home to a foreclosure?
- Are you afraid of having your vehicle repossessed?
If you have answered Yes to any of the above questions, then the Maryland Bankruptcy Center is prepared to help you. We can offer you debt relief and immediate help and protection. Stop living a life of stress and worry.
WHAT IS THE MARYLAND BANKRUPTCY CENTER AND WHAT CAN WE DO FOR YOU?
WHY CHOOSE US?
CONTACT USThe harassing telephone calls at home and work will stop immediately
- Complete legal analysis
- The Bankruptcy Court WILL accept your case
- Instant relief from creditors
Can I buy a car, or get a credit card after filing for bankruptcy?
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See What Our Clients Have To Say
Weve been dedicated to helping clients file bankruptcy for almost a decade. While your case might be unique to you, weve seen it all and can help you too. Unlike other law firms that use paralegals for most of their work, we provide you with real attorney service. You are not just another case number to us, but a real person with real issues. We can help!
Victor Palmeiro is an excellent lawyer. He helped me resolve some debt that had been bothering me for a long time. His staff is also very nice and helpful.
Victor Palmeiro is a great attorney and a great guy overall. He is very knowledgeable and is always ready to help out someone in need. If you need a lawyer I suggest you contact Victor.
Victor Palmeiro is a great Bankruptcy Attorney. His legal team is also very organized and keep you up to date with your case at all steps. Definitely recommend.
First the atmosphere was warming. Mr. Palmeiro greeted me with open arms. He already had the answers and made feel like getting a bankruptcy is not my fault. Mr. Palmeiro told me theres nothing wrong in starting over. After meeting with him, I felt that he is my lawyer. Yes he is my lawyer. Starting over is a great feeling. Getting my bankruptcy didnt take long. Again I am happy. Thank you Mr. Palmeiro and staff.
He helped me with my bankruptcy and to start a new life. Staff there is excellent and efficient.
What Questions Should I Ask A Bankruptcy Lawyer
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Not sure what to ask a bankruptcy lawyer? Here are a few sample questions to get you started:
- How long have you been in practice?
- How many bankruptcy cases have you handled?
- How much does a bankruptcy filing cost? How much of that cost is attorney fees vs. filing fees?
- Where is your office in Baltimore located?
- What are the next steps?
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Hire A Competent Bankruptcy Lawyer In Maryland
Do not wait. If your debt and expenses amount to more than your income every month, you are in serious financial trouble. Talk to a Waldorf bankruptcy attorney at our firm, to discuss the option of bankruptcy. Call or .
We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code at our offices in Waldorf, Laurel and Leonardtown.
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How Do I Choose A Bankruptcy Lawyer
Consider the following when contacting a law firm and determining which lawyer to work with:
- Comfort Level
- – Are you comfortable telling the lawyer personal information? How do you feel when speaking with the attorney?
- Credentials
- – How long has the lawyer offered legal advice to clients in bankruptcy cases in Maryland? Has the lawyer handled cases before the U.S. Bankruptcy Court?
- Cost
- – Is the attorney affordable for your price range? Can the lawyer estimate the cost of your bankruptcy filing, including filing fee?
- City
How Does Bankruptcy Work In Maryland
The bankruptcy process is governed by federal laws, so it works in a similar way in Maryland as it does in most states. Those filing for bankruptcy may see some of their debts erased or may be given the chance to repay the debts over the course of a few years through a payment plan. Once you file for bankruptcy, creditors are notified and ordered to cease all collection activities.
What varies from state to state are the exemptions covering the types of assets you may be able to keep in case of bankruptcy. Maryland has an extensive list of exemptions that you may resort to in order to keep assets such as your home, your vehicles, some personal property, and other assets such as retirement benefits. If you are considering filing for bankruptcy, an attorney can be fundamental in helping you understand the process and make the right decisions, as there are many steps and important choices you may have to make to protect your assets while getting the most benefit out of the bankruptcy process.
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Chapter 13 Bankruptcy In Maryland
By working with your creditors to create a payment plan you can actually afford, Chapter 13 bankruptcy will allow you to retain your most important assets, including your home. At the end of your three- to five-year payment plan, your remaining debt will be discharged. There are only a handful of Chapter 13 trustees in Maryland. As a result, a Maryland Chapter 13 bankruptcy attorney sees the same trustees over and over. We know their procedures inside and out as well as the procedures of the Maryland bankruptcy courts.
Moreover, Maryland has a unique Chapter 13 plan. You need a MD Chapter 13 lawyer who knows the specific Chapter 13 plan provisions so your Chapter 13 bankruptcy will be successful.
Filing Chapter 7 Bankruptcy In Maryland
If you are overwhelmed by debt and need a fresh start, Chapter 7 bankruptcy can be a powerful tool. It often eliminates credit card debts and medical bills, and it defends against creditor harassment and home foreclosures.
At the Law Offices of Scott D. Arnopol in Landover, we have been helping people throughout Maryland, including Hyattsville and all Prince Georges County, as well as Washington, D.C., obtain debt relief through Chapter 7 since 1989. Even if someone earns too much money to qualify for Chapter 7, we can usually help him or her file Chapter 13 bankruptcy instead.
Chapter 7 is also called liquidation bankruptcy because you may need to sell some of your property to help repay your debts. However, you can keep all property that is considered exempt, which may include furniture, clothing, household appliances, tools of your trade, a car and your house. Talk to a skilled lawyer to learn more about exemptions.
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How Much It Costs To File Bankruptcy In Maryland In 2022
The cost to file bankruptcy in Maryland is $338 for a Chapter 7 bankruptcy and $313 for a Chapter 13 bankruptcy, but the answer becomes more nuanced if you decide to file with a bankruptcy attorney and if you are trying to get the filing fees waived.
If you are like me, you probably wonder how you can afford the cost of bankruptcy in Maryland when its difficult to pay bills, especially in 2022 as inflation runs rampant. Many bankruptcy costs such as the filing fee and the credit counseling courses are relatively similar. That said, the cost of bankruptcy attorney fees may range dramatically whether you are in Baltimore or Columbia.
The purpose of this article is to provide you with estimated all-in costs:
Low Bono Chapter 7 Reduced Fee Attorneys
- Volunteer Opportunities
- Pro Bono Feedback Form
The Low Bono Chapter 7 Listing is a publication of attorneys who are willing to accept reduced fee cases from individuals with financial need. The publication is made available to debtors through the U.S. Bankruptcy Court, the Chapter 7 Trustees, and other means. The publication will contain: the attorneys name, firm, address, work phone , email address, areas of practice , and counties served.
All attorneys who have a minimum of 3 years of consumer bankruptcy practice experience, are admitted to practice before the U.S. District Court for the District of Maryland, and are admitted to the Maryland Bar are eligible for inclusion in the Listing. All attorneys who register to have their name added to this publication must agree to meet the following annual pro bono service requirement:
Attorneys may request to have their name removed from the Low Bono Chapter 7 listing at any time.
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Mail Documents To Your Trustee
Shortly after you file your bankruptcy forms, the court system will assign a Chapter 7 trustee to your case. Some of the trusteeâs main duties are to review your forms and verify that all the information listed is complete and accurate. Your trusteeâs name and contact information will be on the notice the court sends you about your 341 meeting . The court usually sends this a few days after your case is filed.
The Bankruptcy Code and District of Maryland Local Rules require you to send certain documents to your trustee at least seven days before your 341 meeting. These documents help the trustee verify your identity and other information. They include:
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Copies of your two most recent tax returns.
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Bank statements for any checking or savings accounts. You must send the statement that includes the date you filed your bankruptcy. For example, if your case was filed on March 24th, send your bank statement for March 1-31.
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A copy of your Social Security card or a statement from the Social Security office showing the number.
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A copy of your driverâs license or other government-issued photo ID. This ID must be valid and not expired.
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All paycheck stubs you received in the 60 days before you filed your case. A printout from your employer will work if it shows your gross pay, all deductions, and your net pay for each pay period during the 60 days.
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