The Law Offices of Sirody & Ruben Bankruptcy Center is proud to offer the Pikesville, MD area the services of a Chapter 7 attorney. With years of specialized experience and expertise in the bankruptcy code, our attorneys have the knowledge and capability to competently handle any legal issues you may have with Chapter 7 filings. We understand that no two cases are exactly alike and that our clients need personalized attention and efficient results when it comes to addressing their financial concerns. Our compassionate lawyers provide attentive care tailored to your individual situation, allowing us to effectively pursue a debt relief solution for you. Call us today for a free initial consultation and let us help you get on the road to financial recovery!
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a common form of bankruptcy filing for individuals and business entities in the United States. It allows for the liquidation of assets, which can provide people with a fresh financial start. When someone files for Chapter 7 bankruptcy, their assets will be sold off in order to pay back creditors. On the other hand, some assets may be exempt from sale according to state and federal laws. In many cases, most or all unsecured debts may be discharged with no further payments required. However, secured debts such as mortgages and car loans are more complicated and must usually still be paid off even after filing for Chapter 7 bankruptcy. Knowing how to navigate your way through this complex process requires having access to experienced legal advisors who understand how the system works. A Chapter 7 attorney can be helpful in navigating the bankruptcy process in Pikesville, MD.
What Happens During the Bankruptcy Process?
The bankruptcy process can be a long and confusing one, but it is an important step in gaining financial freedom. It begins with filing the proper paperwork with the court and submission of extensive financial reports detailing all debts, income, assets, and expenses. Trustees then evaluate these filings to determine how much must be paid off and if certain payments can be discharged or forgiven. Thereafter, creditors will have the opportunity to challenge any of the debtor’s claims and make suggestions for debt restructuring or repayment. Once all disputes are resolved and any objections are denied, debtors receive their discharge papers, thus placating the creditors involved and freeing up money for those who previously had no hope of living debt-free.
Contact The Law Offices of Sirody & Ruben Bankruptcy Center for a Chapter 7 Attorney in Pikesville, MD
If you are seeking experienced legal counsel in the area of Chapter 7 bankruptcy in Pikesville, MD, The Law Offices of Sirody & Ruben Bankruptcy Center can help. With our knowledgeable team of professionals, they provide personalized and comprehensive representation to offer a customized game plan for getting the best results possible. From debt relief and asset protection to complex litigation, we are prepared to fight for your rights no matter what legal challenge you’re faced with. Whether you need to work out a settlement or navigate the complexities of a bankruptcy filing, their attorneys have the experience and resources necessary to see it through successfully. Trust The Law Offices of Sirody & Ruben Bankruptcy Center when you are in need of a Chapter 7 attorney in Pikesville, MD. Contact us today at 410-847-7252 to learn more about our services!