If you are thinking about bankruptcy, you should know that there are two types of consumer bankruptcy — Chapter 7 and Chapter 13. To choose which type of bankruptcy to file, and to understand how filing will affect you, please contact our office for a free personal consultation to review your finances.

At The Law Office of Donald L. Bell, we help our clients achieve a fresh start and keep the assets they need. Donald L. Bell is a seasoned bankruptcy lawyer and understands what you are facing. We offer a free initial consultation to comprehensively review your finances so you can make the best decisions going forward.

There Are Differences Between A Chapter 7 And A Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 consumer bankruptcies both deal with debt relief, but there are certain differences in how you may be affected.

Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a way for individuals to have most of their debts forgiven (or discharged). Attorney Donald L. Bell will advise you about which debts may be discharged, and which debts are nondischargeable. Most individual Chapter 7 bankruptcies are completed within 90 days from the initial bankruptcy filing. At The Law Office of Donald L. Bell, we help many people obtain a fresh start through Chapter 7 bankruptcy. Attorney Donald L. Bell and his staff will guide you through the process of filing a Chapter 7 bankruptcy to protect assets you want to keep and receive forgiveness of your dischargeable debts.

Chapter 13 bankruptcy allows you to reorganize your financial affairs. If you are facing a foreclosure on your home, or repossession of your vehicle, a Chapter 13 can stop the foreclosure or repossession. Additionally, attorney Donald L. Bell can assist you in resolving income and property-related tax issues through a Chapter 13 bankruptcy. Reorganization through Chapter 13 generally lasts from three to five years. The bankruptcy court will appoint a trustee to represent your creditors. Attorney Donald L. Bell will aggressively and zealously represent your interests before the U.S. Bankruptcy Court in proposing and gaining court approval of your reorganization plan.

Do You Need To File For Bankruptcy?

To identify which type of bankruptcy will best suit your needs, contact our office in Greenbelt, MD, for your free initial consultation by calling 240-624-0748. You can also schedule your consultation online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.