Edgewater, Maryland Chapter 13 Bankruptcy Lawyer

Supportive Chapter 13 Bankruptcy Attorney for Residents of Edgewater

A financial emergency can leave you swamped in debt, and despite your best efforts, you may end up deeper and deeper into a hole that you cannot easily climb out of. With the help of an Edgewater debt relief attorney, you can file a petition for bankruptcy to regain some control over your situation, providing you with a clear way forward.

Filing for bankruptcy is not always easy, but it is often necessary. At The Law Office of Donald L. Bell, we can help you take on your debts and work toward a favorable outcome on your behalf, fighting for the financial relief that you deserve. As a solo practitioner, Attorney Donald Bell will give your case a diligent review, offering personalized legal strategies for your specific situation.

When Is Bankruptcy Necessary?

There is no hard cut-off point where bankruptcy becomes an absolute necessity. Instead, you will have to make a judgment based on your individual circumstances.

If you are facing significant pressure from debt collectors, it may be time to consider filing for bankruptcy as a possible solution. When you file for bankruptcy, your creditors must cease all of their attempts to seize your assets until your period of bankruptcy ends. This can give you the time you need to stabilize and catch up on your debts.

Every household's financial situation presents differently. At The Law Office of Donald L. Bell, we can sit down with you one-on-one to discuss whether or not Chapter 13 bankruptcy is a good fit for you. No matter the case, we will always work to protect your best interests.

Can I Keep My Property in Chapter 13 Bankruptcy?

Many people associate bankruptcy with selling your property to pay off your debts. However, this is not true of Chapter 13 bankruptcy. Instead of liquidating your assets, you pay off your creditors by contributing to a repayment plan over the course of years. For this reason, chapter 13 bankruptcy can be a very valuable tool for protecting your home from foreclosure.

If you have a stable income that allows you to make regular payments on a repayment plan, Chapter 13 bankruptcy may be right for you. As long as you do not fall behind on your repayment plan, this form of bankruptcy can give you some protection against asset seizure.

How Can a Lawyer Help Me File for Chapter 13 Bankruptcy?

Having a lawyer at your side during a petition for Chapter 13 bankruptcy can be immensely helpful. Filing for bankruptcy is a long, complicated process, and without legal representation, your petition could be slowed down by missteps or even denied altogether.

At The Law Office of Donald L. Bell, we can guide you through Chapter 13 bankruptcy from the beginning to the end. We can help you fill out the required paperwork with the court to initiate the process, which will place an automatic stay on your creditors. We can then work with you to come up with a repayment plan that is within your financial means. Our attorney can answer any questions asked of you by the trustee presiding over your case, as well as other parties like your creditors or the judge in bankruptcy court.

Our firm has over 20 years of experience in consumer bankruptcy law. That vast breadth of experience allows us to effectively advocate for our clients and work toward favorable solutions.

Contact an Edgewater, MD Chapter 13 Bankruptcy Attorney Today

Paying off your debts can seem like an impossible task at times. By filing for Chapter 13 bankruptcy, you can break down your debts into something more manageable. At The Law Office of Donald L. Bell, our Edgewater debt relief lawyer can help you take control of your finances. We offer free consultations for consumer cases. To schedule a consultation today, call us at 301-614-0535 or reach out to us online.