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Sirody
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The Sirody & Ruben Bankruptcy Center is committed to providing you with the best, most experienced bankruptcy lawyers throughout the state of Maryland and making the bankruptcy process as easy and stress-free as possible.
Jeff Sirody and David Ruben have over sixty years of combined bankruptcy filing experience and have saved thousands of homes and over a billion dollars in debts. Sirody & Ruben Bankruptcy Center makes the process easy and affordable for you.
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We have successfully represented Debtors in many different types of Chapter 13 Bankruptcy Proceedings. If you are thinking about filing Chapter 13, contact us.
File bankruptcy and you will have less debt GUARANTEED! In some cases, NO DEBT LEFT AT ALL. It just depends upon your own particular situation.
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FAQs
What is Chapter 7 bankruptcy, and how can it help me?
Am I eligible for Chapter 7 bankruptcy in Maryland?
To qualify for Chapter 7 bankruptcy in Maryland, you must pass a “means test,” which compares your income to the state median. If your income falls below the median or you meet other specific conditions, you may be eligible. Speaking with an experienced bankruptcy attorney at Sirody & Ruben will help you understand your eligibility and navigate the process.
How long does the Chapter 7 bankruptcy process take in Maryland?
The Chapter 7 bankruptcy process in Maryland typically takes about four to six months from filing to discharge. However, the duration may vary depending on individual circumstances, such as the complexity of your financial situation. Consulting with Sirody & Ruben can provide a clearer timeline based on your case.
What is Chapter 13 bankruptcy, and how does it work?
Chapter 13 bankruptcy is a form of debt reorganization that allows individuals with regular income to create a repayment plan for their debts over a period of three to five years. Unlike Chapter 7, Chapter 13 helps you keep your assets while making manageable payments to creditors. This option is ideal for those who are behind on secured debts like mortgages or car loans but want to retain their property.
How does bankruptcy affect my credit?
Both Chapter 7 and Chapter 13 bankruptcies will negatively impact your credit score. Chapter 7 remains on your credit report for 10 years, while Chapter 13 remains for seven years after completion of the repayment plan. However, filing for bankruptcy may offer relief from unmanageable debt and a chance to rebuild your financial future.
Which bankruptcy option is better for me?
The best option depends on your financial situation. Chapter 7 may be better if you have little income and many unsecured debts, while Chapter 13 may be more appropriate if you have a steady income and wish to keep your assets while repaying some of your debt.