Are you planning to file your bankruptcy? Well then opt for Chapter 7 attorney in Maryland. Filing this chapter 7 in case of bankruptcy is a preferred option amongst debtors as it is fast and effective. Moreover it does not require payments over a period of time and is accepted as well.
But before you go ahead and file for this bankruptcy claim, you need to find out if you are eligible. If it is found that even after cancelling your expenses and monthly debts, your income is still sufficient then you will not fall under the advantages of Chapter 7. You will be categorized under chapter 13 repayment plans. Read on to know what the advantages of chapter 7 bankruptcy filing are and why we are recommending this.
…. And the advantages include:
- When the chapter 7 bankruptcy case is opened, it gets over within a span of 3 to 6 months. Once you have cleared out the bankruptcy process, the case is complete.
- Unlike the Chapter 13 bankruptcy, there is no need to pay back the debts.
- Most of your debts can be discarded except a few like the student loan, mortgage, latest taxes and the car payments. All this you have to clear, rest everything will be taken care of.
- There is no minimum debt on which the filing of the bankruptcy plan depends.
- If you buy any new property or come in contact with recent cash after the discharge has been made, they cannot claim any amount on it. The amount will be completely yours.
And for the entire thing to be successful, you need Chapter 7 attorney in Maryland who should be an experienced lawyer with in-depth skill and knowledge on the respective area. So make sure that you hire the right one.
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