Chapter 13 bankruptcy protection offers many advantages that Chapter 7 bankruptcy does not. Individuals in Chapter 13 bankruptcy proceedings are able to consolidate all of their debts into a convenient and affordable partial repayment plan that is supervised by the bankruptcy court and catch up with missed mortgage payments.
Contact our Prince George's County Chapter 13 bankruptcy attorneys at 301-637-0402 or 866-930-0413 to schedule an appointment.
Avoid Foreclosure Through Chapter 13 Bankruptcy
At The Law Offices of Richard B. Rosenblatt, PC, we assist individuals in the bankruptcy process and help them determine if Chapter 13 bankruptcy is the right option for them. Often, Chapter 13 bankruptcy is used for homeowners facing the threat of foreclosure. Contact our law firm today to learn if Chapter 13 bankruptcy is a viable solution to help you save your home.
Benefits of Chapter 13 Bankruptcy
In most cases, homeowners are able to keep their homes and discharge their consumer debts by repaying the mortgage arrearage over a five-year payment plan, while making modest payments to other creditors. Chapter 13 bankruptcy is also used when incomes exceed the levels allowed under Chapter 7 bankruptcy cases.
Through Chapter 13 bankruptcy, you also have an opportunity to repay and discharge debts that are typically not eligible under Chapter 7 bankruptcy. This includes mortgage arrearages for an existing home that you want to keep, certain taxes and recently incurred consumer debt.
Debt Reorganization May Be Your Best Bankruptcy Option
At The Law Offices of Richard B. Rosenblatt, PC, we assist clients in many bankruptcy options, including Chapter 7, Chapter 11 and Chapter 13 bankruptcy. While each of these options provides valuable benefits, Chapter 13 is often the most favorable solution for individuals and their families. This form of bankruptcy can typically save people thousands of dollars in interest, late fees and penalties that they are paying to creditors. Individuals who file for Chapter 13 bankruptcy protection can also feel confident about keeping their home while they repay a small portion of their unsecured debts.
Our Prince George's County Chapter 13 bankruptcy attorneys will assess your situation and present legal options tailored to your individual needs. We will work to develop a debt reorganization plan and help you feel good about your financial future.
Contact Our Montgomery County, Maryland, Debt Payment Plan Attorney
You have an opportunity to pay off your debts through a manageable payment plan. Contact our Chapter 13 bankruptcy attorneys today online or call 301-637-0402 for a free initial consultation. We are committed to representing clients from Montgomery County, Prince George's County, Frederick County and throughout Maryland.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.