Maryland Bankruptcy Options
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
Maryland bankruptcy options vary based on several factors, including your income, whether you’re able to repay your debts, and your goals. For many people, Chapter 13 bankruptcy makes the most sense. However, Chapter 7 is also an option – but it offers different benefits than other types of debt relief offer. Chapter 13 Bankruptcy: Advantages Chapter 13 bankruptcy allows you to repay your debts over a set period of time (typically 3 to 5 years). During the process, you’ll make payments to a trustee; the trustee will send money to your creditors until your repayment plan is complete. As soon as ..read more
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What Documents Do You Need to File Chapter 13 Bankruptcy?
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
In order to file for Chapter 13 bankruptcy, you’ll need to compile a pretty significant amount of information that shows the U.S. Bankruptcy Court that you’re in need of debt relief. Your Maryland bankruptcy attorney can give you a comprehensive list of what you need, but it’s a good idea to pull together as much information as you can before you meet with your lawyer for the first time. That way, you’ll be able to make the process go more smoothly. What Documents Do You Need to File for Chapter 13 Bankruptcy in Maryland? Filing a wage earner’s plan (that’s the other name for Chapter 13) is a ..read more
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What Does the Trustee Do in a Chapter 13 Bankruptcy?
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
When you file for Chapter 13 bankruptcy in Maryland, the courts will assign a trustee to your case. The trustee is responsible for handling the court’s end of your case. What Does a Trustee Do in Chapter 13 Bankruptcy? The trustee in your case fills a very important role. He or she is responsible for examining the Chapter 13 repayment plan you propose, as well as receiving the payments you make. Your trustee will also: Monitor monthly income and expense reports Keep track of your duty to file tax returns (for four years prior to your date of filing for Chapter 13 bankruptcy and each year duri ..read more
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What is a Chapter 13 Repayment Plan?
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
When you file for Chapter 13 bankruptcy in Maryland, you’ll have to come up with a repayment plan so your creditors get a fair amount under the law—but what, exactly, goes into a repayment plan, and how is it structured? What is a Chapter 13 Repayment Plan? A Chapter 13 repayment plan is a detailed plan you propose to the U.S. Bankruptcy Court. Your plan will last between 3 and 5 years, and during that time, you’ll be able to pay down your debts to your creditors. Do You Have to Repay Your Creditors the Full Amount You Owe? You don’t always have to repay your creditors the full amount due on y ..read more
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Chapter 13 Bankruptcy Filing: What You Need to Know
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
Who can file for Chapter 13 bankruptcy, and what do you have to repay? Will you be able to keep your belongings? These are just a handful of the most common questions we hear in our office about wage earner’s plans—but the good news is this: If you’re thinking about filing for Chapter 13 bankruptcy, you’re not alone. Working with a Maryland Chapter 13 laywer can help you make the process go as smoothly as possible as you restructure your debt and create a payment plan that results in you getting a fresh financial start. Who Can File for Chapter 13 Bankruptcy? In order to file for this type of ..read more
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What is the Automatic Stay in Chapter 13 Bankruptcy?
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
When you file for Chapter 13 bankruptcy, your creditors have to stop calling you, emailing you, and sending you notices that you owe money by mail. They’re no longer allowed to attempt to collect debts because the court issues what’s called an automatic stay. What is an Automatic Stay? An automatic stay is an order the U.S. Bankruptcy Court issues when a person files for bankruptcy. It notifies creditors that you’ve begun the bankruptcy process so that moving forward, they’ll deal with the trustee in your case rather than you, personally. When you and your Maryland bankruptcy attorney begin th ..read more
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Chapter 13 Bankruptcy for Sole Proprietors in Maryland
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
When you’re considering bankruptcy in Maryland (or elsewhere), it pays to know as much as possible about the Chapter 13 discharge process, how bankruptcy can stop foreclosure, and the differences between other types of debt relief—and that’s especially true if you’re a business owner. The differences between Chapter 13 bankruptcy and Chapter 11 bankruptcy are pretty substantial when you’re a small business owner, so here’s what you need to know. Chapter 13 Bankruptcy vs. Chapter 11 Bankruptcy for Small Business Owners In some ways, Chapters 13 and 11 are fairly similar. Each allows you to cont ..read more
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How to Stop Foreclosure With Chapter 13 Bankruptcy
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by Webmaster
1M ago
If you’re facing foreclosure, Chapter 13 bankruptcy may help—and talking to a Maryland bankruptcy attorney can be a good start on the path to financial freedom. How to Stop Foreclosure With Chapter 13 Bankruptcy When you file for Chapter 13 bankruptcy (also known as a wage earner’s plan), you don’t have to lose any of your property to the process. Chapter 13 allows you to make up mortgage arrears—payments you didn’t make when they were due, and now they’re past due—as part of your repayment plan, and that means this type of debt relief can stop foreclosure. What Happens During Foreclosure? The ..read more
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Maryland Bankruptcy Options
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by admin
1y ago
Maryland bankruptcy options vary based on several factors, including your income, whether you’re able to repay your debts, and your goals. For many people, Chapter 13 bankruptcy makes the most sense. However, Chapter 7 is also an option – but it offers different benefits than other types of debt relief offer. Chapter 13 Bankruptcy: Advantages Chapter 13 bankruptcy allows you to repay your debts over a set period of time (typically 3 to 5 years). During the process, you’ll make payments to a trustee; the trustee will send money to your creditors until your repayment plan is complete. As soon a ..read more
Visit website
What Documents Do You Need to File Chapter 13 Bankruptcy?
Palmeiro Law Group | Maryland & DC Bankruptcy Atorneys
by admin
1y ago
In order to file for Chapter 13 bankruptcy, you’ll need to compile a pretty significant amount of information that shows the U.S. Bankruptcy Court that you’re in need of debt relief. Your Maryland bankruptcy attorney can give you a comprehensive list of what you need, but it’s a good idea to pull together as much information as you can before you meet with your lawyer for the first time. That way, you’ll be able to make the process go more smoothly. What Documents Do You Need to File for Chapter 13 Bankruptcy in Maryland? Filing a wage earner’s plan (that’s the other name for Chapter 13) is a ..read more
Visit website

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