Oxon Hill, MD Chapter 7 Bankruptcy Attorney

Chapter 7 Bankruptcy Lawyer Working With You In Oxon Hill, Maryland

Money problems and the stress they cause can affect everything in your life. Many people find themselves with too much debt and not enough money. You may have tried to address your situation by using credit cards, taking out payday or personal loans, or working a second job. High interest charges, multiple monthly payments, and sheer exhaustion can overwhelm you sooner rather than later. When you have had enough, you may be ready to file for bankruptcy.

Many attorneys say they are the best or promise to solve all your problems, but that does not mean they are being truthful. The proof is in the results. When you partner with Bloc One Services, LLC, your case will be in the hands of an exceptional attorney who will work hard to help you achieve your debt relief goals. Hope Blocton is called "the people's attorney" because she understands your struggles and truly cares about helping you escape them by taking the right actions, whether that means debt settlement, Chapter 7, or Chapter 13 bankruptcy. We do not charge an arm and a leg.

The Chapter 7 Bankruptcy Automatic Stay

Most people who are considering filing for bankruptcy are tired of screening their calls because creditors are attempting to collect payment. Your creditors may have threatened to repossess your car, garnish your wages, or foreclose on your home. You may be understandably stressed and frustrated by these constant reminders and threats.

The automatic stay is one of the best benefits of filing for bankruptcy. As soon as you file, the bankruptcy court will notify your creditors that they must immediately stop contacting you, attempting to collect debts, or taking any legal actions against you. The relief provided by this stay is immense, and it can enable you to think more clearly about how to rebuild your financial position.

What You Need to Know About Chapter 7 Bankruptcy in Oxon Hill

Chapter 7 is not the only debt relief option available to you. Before you can decide if it is suitable, you need to understand the pros and cons so you can make an informed decision. Attorney Hope Blocton will work with you, giving you case-specific insights and advice. Some of the highlights of Chapter 7 include:

• You must pass the Chapter 7 means test to be eligible for this form of bankruptcy.
• This type of filing is better suited to people with unsecured debts, such as personal loans, credit card balances, and medical bills.
• The whole process usually takes only a few months.
• Your eligible debts will be totally erased when your case is closed, meaning you will no longer be obligated to pay them.
• Some debts are not eligible for discharge through any form of bankruptcy, including student loans, taxes, and domestic support obligations.
• The bankruptcy trustee may seize and sell some of your belongings.
• Many of your belongings may be exempt from seizure and liquidation.
• Your Chapter 7 filing will stay on your credit report for up to 10 years.
• Although your credit score will drop significantly, the effects will diminish over time.

Filing for bankruptcy is a major decision, and you need to weigh its benefits and disadvantages carefully. Attorney Blocton will be straight with you and guide you toward the best decision according to your objectives and situation.

Call Our Oxon Hill Chapter 7 Bankruptcy Lawyer

Without the advocacy of an experienced attorney, the debt relief solution you pursue may not actually solve your problems. Bloc One Services, LLC will be alongside you at every step, working to help you achieve your goals and safeguard your best interests. Send a message online or call 240-200-0076 today to make an appointment for your free case review.