How Do I Know It’s Time to File for Bankruptcy?

 Posted on June 14, 2025 in Uncategorized

If you are drowning in debt, it can be very hard to know what to do next. You might be behind on bills, dodging calls from creditors, or worrying about losing your car or your home. Whatever the situation may be, take heart. For many people in Maryland, bankruptcy can offer a legal path toward relief, stability, and a second chance.

At Bloc One Services, LLC, our Bowie, MD consumer bankruptcy lawyer works with everyday people who are trying to get back on track. We are proud to serve the local community by offering clear, honest legal help at a fair price. Our goal is simple: To help you rebuild your future with hope.

Signs It Might Be Time to File for Bankruptcy

There is no perfect moment to file for bankruptcy, but there are warning signs that mean you should probably talk to a lawyer. You do not have to wait until things are completely out of control. If you are dealing with any of the following, it may be time to take a serious look at your options:

• You are falling behind on credit cards, medical bills, or loans

• You are using new credit to pay old debt

• Your wages are being garnished, or a creditor has frozen your account

• You are facing foreclosure, eviction, or car repossession

• You are getting constant calls or letters from debt collectors

Even if you are still making payments, but you are barely scraping by, a conversation with a bankruptcy lawyer can help you understand your rights and plan ahead. We offer a free 30-minute consult to go over your situation and explain what filing would actually look like.

Will I Lose Everything if I File for Bankruptcy?

One of the biggest myths about bankruptcy is that people who file will lose everything. Maryland’s laws about bankruptcy can be complicated because, rather than using Federal bankruptcy exemptions, Maryland has its own list of what you can keep in bankruptcy. Maryland Code § 11–504 allows you to keep many essentials, including clothes, household items, and some or all of your car and home, depending on the value and your situation. These exemptions are meant to help you maintain a basic standard of living while you get back on your feet.

There are two main types of bankruptcy for most individuals. Chapter 7 wipes out certain debts, like credit cards and medical bills, in a few months. Chapter 13 sets up a payment plan that lasts three to five years, often with much lower payments. Which one you file depends on your income, your assets, and your goals.

How Can a Lawyer Help with Bankruptcy?

Filing for bankruptcy is more than just filling out forms. A lawyer helps you figure out the best type of bankruptcy for your situation, handles the paperwork, makes sure creditors stop calling, and walks you through every step of the process. It is our job to make sure you are protected and treated with respect.

We understand how stressful this can be. Our lead attorney has built a practice focused on real people, not big corporations. Around here, people call us "The People’s Attorney" because we speak plainly, charge fairly, and truly care about helping you move forward.

Contact a Bowie, MD Bankruptcy Lawyer

If you are thinking about bankruptcy, you are not alone. Contact a Prince George’s County, MD bankruptcy attorney at Bloc One Services, LLC to talk about your options. We offer free 30-minute consultations, so call 240-200-0076 and take the first step toward a better financial future.