When you accrue massive amounts of debt, you may want to resolve your delinquent bills as quickly as possible. You cannot afford to keep making payments to dozens of creditors at a single time. You also do not want to risk having your wages garnished or bank accounts levied in order to pay off what you owe.
Rather than fall more into debt and get further behind on your bills, you can get your accounts settled and closed in a timely manner. You can find out how by contacting debt consolidation companies, a bank loan officer, or maryland bankruptcy lawyers today.
Deciding if Bankruptcy is Right for You
If you have never before filed for bankruptcy, you might need some more information about it. You might want to know what it can do for the debts you owe and how quickly you can be relieved of bills you cannot afford.
You can find out more about this legal action by going to the law firm’s website today. It explains the differences among all of the different types of bankruptcy. Based on this information, you can decide if you want to file for a debt consolidation or Chapter 13 or total liquidation or Chapter 7.
The type of bankruptcy you file will also depend on how many debts you owe, how much money you make, and whether or not you have filed for bankruptcy in the past. If you have never before filed and earn a modest income, you might qualify for a total liquidation of your debts.
In a Chapter 7 bankruptcy, you can have most debts liquidated by the court trustee. The only debts that may not qualify for this action include student loans, child support, alimony, and back taxes. Some types of civil judgments also may not qualify for liquidation.
You can make an appointment with the law firm today to visit with a skilled bankruptcy attorney. You can learn what type of chapter to file, how it will impact your finances, and what it could mean for your future. The first consultation may come at no charge to you.