Greenbelt, MD Chapter 13 Bankruptcy Attorney

Bankruptcy Lawyer Giving You Hope for a Fresh Start Through Chapter 13 in Greenbelt

Paying your bills on time can be hard. Sometimes, you may have to choose which bills to pay and which to ignore. Yes, you can use credit cards for some expenses, but if you do not pay your balance in full, the vicious cycle of high interest charges begins. The farther behind you get, the harder it becomes to climb out of the financial hole you find yourself in. Bankruptcy may be the best option to put you back on solid ground.

Whether you are just beginning to explore the possibility of bankruptcy or have already decided to file, you will need to put a great deal of trust in your bankruptcy attorney. You need one who will answer all your questions, offer solid advice based on your situation, safeguard your interests, and remain beside you during the entire process. Look no further than Bloc One Services, LLC. We understand your need for debt relief, and we are solidly committed to helping you succeed. The level of legal services we provide is unmatched, but we charge fair and reasonable fees.

Proactively Dealing With Your Debt by Filing for Chapter 13 Bankruptcy in Greenbelt, Maryland

Ignoring debt does not make it disappear. The longer you wait to deal with it, the more likely it becomes that your creditors will take action to collect the amounts owed. You may be nervous about filing for bankruptcy, but foreclosures, garnishments, and repossessions are usually harder to deal with. As soon as your petition for bankruptcy reaches the court, an automatic stay will be issued to your creditors. This stay will halt most adverse creditor actions, and it should give you some immediate stress relief.

If you have a lower income and mostly unsecured debts, Chapter 7 bankruptcy may be a better fit for you. Debt settlement may also be a good choice if a few adjustments to your debt load could make payments more manageable. Chapter 13 bankruptcy allows you to combine your debts and restructure them to make them easier for you to manage.

Right now, if you have 10 separate debts, you are required to make 10 individual payments. The expected payment for each debt might be a set amount or a minimum amount. Added together, those payments can be hard to keep up with. During a Chapter 13 bankruptcy, most or all of your debts will be grouped together into a single monthly payment, which will be paid to the bankruptcy trustee. The debts included in your bankruptcy case will be prioritized, with secured debts, tax debts, and other specific types of debt placed at the top of the list.

You will work closely with Attorney Hope Blocton to create a repayment plan. Your plan will specify how much you can pay toward your combined debts every month. Be forewarned: most of your disposable income will be paid to the trustee, who will distribute the payments to your creditors in order of priority.

It usually takes three to five years to complete a Chapter 13 bankruptcy case. During that time, you will need to be very careful to make all your payments on time. The court could dismiss your case if your payments are late. You will also need to go through credit counseling. If you fulfill all your responsibilities, any remaining balances included in your filing will be discharged, meaning you will no longer owe them.

We know you will have questions as your case progresses. We are always available to answer them.

Call Our Greenbelt Chapter 13 Bankruptcy Lawyer

Good lawyers can be few and far between. By choosing Bloc One Services, LLC, you can partner with a truly exceptional advocate who will help you take the right steps to receive relief from your debts. We offer 30-minute consultations at no charge. Arrange for yours now by calling us at 240-200-0076 or contacting us online.