Upper Marlboro, Maryland Chapter 13 Bankruptcy Lawyer

Experienced Bankruptcy Lawyer Helping You File for Chapter 13 in Upper Marlboro, MD

Are you constantly having to dodge bill collectors? Are they threatening foreclosure, repossession, or wage garnishment? Maybe you are not to that point yet, but you could be soon if your financial situation does not improve. Ignoring the problem will only make it worse, but what choice do you have? You may consider filing for bankruptcy to put an end to your financial struggles.

Bloc One Services, LLC understands how easy it is to get into a financial bind. We are not here to pass judgment on you; we are here to help you get the debt relief you need. Your finances, situation, and goals are different from anyone else's, so we will help you decide the best form of debt relief for you. We will safeguard your interests and remain beside you at every step of your case, providing exceptional services with reasonable fees.

Options for Debt Relief in Upper Marlboro, Maryland

Before we can recommend one option over another, Attorney Hope Blocton needs to understand your situation. She will ask about:

• The different types of debt you have
• Whether you have a steady income and how much you expect to make
• Your regular expenses, including rent, utilities, groceries, and transportation
• How many people live with you
• Whether you might be able to manage your debt if a few changes are made to the terms of your agreements with creditors
• How much you think you could pay each month toward your debts

Depending on your answers, we can make customized recommendations. Chapter 7 bankruptcy is generally a good choice if you mainly have unsecured debt and a lower income amount. Debt settlement might be a good fit if you believe adjustments to the repayment terms of your debts would allow you to catch up. If neither of those sounds right to you, consider Chapter 13 bankruptcy.

Understanding Chapter 13 Bankruptcy in Upper Marlboro

The first advantage of filing for bankruptcy under Chapter 13 comes almost immediately. After your petition for bankruptcy is filed, the court will issue an automatic stay. This order will go to each of your creditors and require them to stop any debt collection actions.

You and Attorney Hope Blocton will work together to formulate a repayment plan that will then be submitted to the court for approval. Your plan will specify the amount you plan to pay toward your consolidated debts each month. Be advised that most of your disposable income will need to go toward this payment, typically for three to five years.

Your debts will be consolidated, with some taking priority over others. Unsecured debts, such as personal loans, medical bills, and credit card balances, are last. Things like secured debts, tax obligations, and student loans are at the top of the list. Your payment will not go directly to your creditors. Instead, you will make payments to the bankruptcy trustee. Payments will be distributed by the trustee to your creditors according to their priority. It is important to always make your payments on time, because missed and late payments could lead the court to dismiss your case, and the automatic stay will be lifted.

When you have completed your bankruptcy requirements, which include credit counseling, your case will be discharged. There will probably be some debts that still have balances, but they will be wiped out, giving you a clean slate and a fresh start.

Contact Our Upper Marlboro Chapter 13 Bankruptcy Attorney

Constantly struggling with insurmountable debt is no way to live. Take charge of your finances and your future with the skillful advocacy of Bloc One Services, LLC. Claim your no-cost consultation now. You can contact us online, or you can call us at 240-200-0076 to get started on your journey toward a brighter future with Hope.