If you are considering filing for bankruptcy, it is important to choose an experienced and qualified bankruptcy lawyer. The Law Offices of Jeffery M. Sirody & Associates has a bankruptcy lawyer in Baltimore, MD who can help you navigate the bankruptcy process. We understand that facing financial difficulties can be stressful, and we will work with you to find the best solution for your unique situation. Our goal is to help you get back on your feet and rebuild your credit so that you can move forward with your life.

What are the Different Types of Bankruptcy?

There are several different types of bankruptcy that a person or business can file. The most common are chapter 7, chapter 13, and chapter 11. Each type of bankruptcy has its own eligibility requirements and rules that a bankruptcy lawyer in Baltimore, MD can help you understand.

Chapter 7 bankruptcy is also known as liquidation bankruptcy. It is the most common type of bankruptcy filed by individuals. In a chapter 7 bankruptcy, the court appoints a trustee to oversee the case. The trustee’s job is to collect and sell the debtor’s nonexempt assets and use the proceeds to pay creditors. In most chapter 7 cases, the debtor does not have any nonexempt assets, so creditors do not receive anything.


Chapter 13 bankruptcy is also known as reorganization bankruptcy. It is typically filed by individuals with regular income who want to keep their property but need time to catch up on delinquent payments. In a chapter 13 bankruptcy, the debtor proposes a repayment plan to the court. The plan must be approved by the court and creditors before it can take effect. Once the plan is approved, the debtor makes monthly payments to the trustee, who then distributes the payments to creditors according to the terms of the plan.

Chapter 11 bankruptcy is also known as reorganization bankruptcy. This type of bankruptcy is typically used by businesses, but individuals can also file for chapter 11 bankruptcy. In chapter 11 bankruptcy, the debtor creates a repayment plan to repay their creditors over time.

What Happens During the Bankruptcy Process?

When you file for bankruptcy, you will need to provide the court with a list of your assets and liabilities, as well as a list of your creditors. You will also need to attend a meeting of creditors, where your creditors will have the opportunity to ask you questions about your case. After the meeting of creditors, your case will be either discharged or dismissed. A bankruptcy lawyer in Baltimore, MD can help you through this process.

If your bankruptcy case is discharged, this means that your debts will be forgiven and you will no longer be responsible for them. However, if your bankruptcy case is dismissed, this means that your case has been dismissed without any relief being granted to you. If your case is dismissed, you may still be responsible for repaying some or all of your debts.

No matter what the outcome of your bankruptcy case, it is important to remember that the bankruptcy process is designed to give you a fresh start financially. This means that you should use this opportunity to make positive changes in your financial life so that you can avoid falling into debt again in the future.

Where Can I Find a Bankruptcy Lawyer in Baltimore, MD?

Our bankruptcy lawyer in Baltimore, MD has a deep understanding of the bankruptcy process and can help you navigate the often-complex process. To learn more about The Law Offices of Jeffery M. Sirody & Associates, or to schedule a free consultation, visit our website or give us a call at 410-847-7249.