Bowie Bankruptcy Attorney

Dedicated Lawyer Giving You Hope for a Fresh Start Through Bankruptcy in Bowie, MD

Life has a way of throwing curveballs, often making it challenging or impossible to manage your various debts. Financial struggles can overwhelm every aspect of your life. If your debt has become unmanageable, you may be considering bankruptcy. Doing so does not mean you have failed. Bad things sometimes happen to good people, and many who complete the bankruptcy process emerge on the other side with a stronger foundation for their futures. In this situation, you need a skilled attorney who will not judge you but who will provide individualized solutions for your debt relief.

Many lawyers handle bankruptcy cases, but there is only one who can truly provide the Hope you need for a fresh start. Hope Blocton of Bloc One Services, LLC is firmly in your corner. As "the people's attorney," she understands how easy it is to fall behind when you have several types of debt, and she truly wants to help you turn your financial setbacks into comebacks. After extensive preliminary work, we will explain your options and help you determine which form of bankruptcy works best for you. We offer free case reviews, and our exceptional legal services do not cost an arm and a leg.

Debt Relief Through Filing for Bankruptcy

Both individuals and businesses can struggle with mountains of debt. We help our clients find debt relief by choosing the best bankruptcy option. As soon as you file, an automatic stay prohibits creditors from taking actions like foreclosures and repossessions, and they can no longer contact you about your debt.

Chapter 7

Individuals who have a large amount of unsecured debt often choose Chapter 7 bankruptcy. With this option, some of your assets may be liquidated to repay a portion of your debts, but many assets are exempt. Chapter 7 usually takes only a few months. Your debts will be discharged at the end of a successful process, meaning you no longer owe them and do not have to pay them. To qualify for Chapter 7, you have to pass a means test.

Chapter 13

This option may be better for people who have secured debts, who want to avoid the loss of assets, or who do not pass the Chapter 7 means test. With Chapter 13 bankruptcy, your debts will be restructured. Some debts are prioritized over others, and your repayment plan will reflect the order in which your debts will be paid. Instead of making several payments to different creditors, you will make one monthly payment to the bankruptcy trustee, who will then disburse payments in accordance with your approved plan. You typically have three to five years to complete your Chapter 13 obligations. If you uphold your responsibilities during this time, any remaining balances for unsecured debts included in your filing will be discharged.

Business Bankruptcy

Like individuals, companies also often struggle with debt. Cash flow shortages and low financial reserves can make it difficult to keep up with monthly payments. Attorney Hope Blocton will help you determine what type of business bankruptcy will be best for your company. Chapter 11 bankruptcy is generally better for larger companies and those that have complex operations. The streamlined process of Chapter 5 (Subchapter V of Chapter 11) may be more cost-effective, but not every business will qualify. By filing for bankruptcy, you can restructure your debt to allow you to remain in business.

Call Our Bowie, Maryland Bankruptcy Lawyer

If you are tired of your financial struggles, let Bloc One Services, LLC help you rebuild your future with Hope. We make the bankruptcy process as easy as possible for clients in Prince George's, Montgomery, and Charles Counties, as well as those in Washington D.C. To arrange for your complimentary 30-minute case evaluation, contact us online with a confidential message or call 240-200-0076 today.