OUR WALDORF CHAPTER 7 BANKRUPTCY LAWYER IS HERE TO HELP
If your debts and expenses far out weight your income each and every month, you are having a hard time keeping your head above the water. You may need a fresh start which is offered by filing Chapter 7 Bankruptcy. At the Law Office of Thomas E. Pyles, we have the experience and knowledge to help you. In addition to over 25 years of legal experience, Maryland Chapter 7 bankruptcy lawyer Thomas E. Pyles is a down to earth, compassionate person who will handle your case with professionalism and care. We take pride in the personalized service and availability we provide to our client. We can help you get the all-important fresh start that you need.
Chapter 7 bankruptcy is a debt liquidation program. The process is much quicker than a Chapter 13 bankruptcy and it designed to eliminate the unsecured debt that weights you down. Through a Chapter 7 filing, we can help you stop wage garnishments, creditor harassment, repossessions, foreclosures, harassing phone calls and collection letters. When you file bankruptcy, an “automatic stay” is issued by the bankruptcy court which prevents creditors from taking any action against you. In a Chapter 7 bankruptcy, you can retain certain assets, such as a vehicle that you are still paying for. Your experienced Waldorf Chapter 7 bankruptcy attorney will know how to use Maryland’s exemptions to protect your physical possessions and money. You will also be able to get that fresh start you are looking for. With your debts eliminated, you can start over again and make a more secure future for yourself and your family.
WHO SHOULD FILE FOR CHAPTER 7 BANKRUPTCY
A Chapter 7 bankruptcy is for those debtors that find themselves in over their heads with credit card debt or extraordinary medical expenses and need a fresh start. If you own very little and your income does not violate the means test, you should strongly consider filing a Chapter 7 bankruptcy if you are in financial straits. This is a fresh start that wipes out your secured or unsecured debt.
WHAT ARE THE QUALIFICATIONS FOR CHAPTER 7 BANKRUPTCY?
First and foremost, you must have debt that you can no longer afford to pay. Generally, you must be in that “robbing Peter to pay Paul” situation and your income has to satisfy the means test. If it does not, you would have a hard time qualifying for a Chapter 7 bankruptcy. It would be a presumption of abuse if your income is over the thresholds that are provided and you would have a difficult time getting a Chapter 7 discharge. But, ideally, this is the typical consumer-debtor bankruptcy for people that do not own homes and are having a hard time making ends meet.
CONTACT A MARYLAND CHAPTER 7 BANKRUPTCY ATTORNEY
We offer free initial consultations so you can discuss the possibility of Chapter 7 bankruptcy with an experienced bankruptcy attorney. Call 301-705-5006 We have offices in Waldorf, Laurel and Leonardtown.