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Law Offices of David H. Sandler & Associates
Helping People With Debt Relief for 15 Years Short Sales

Choosing Between Chapter 7 And Chapter 13 Bankruptcy

No one likes the feeling of being in debt, but in this economy, it is easy to fall behind. If you are struggling to pay the bills, get help from an experienced bankruptcy lawyer. I am attorney David Sandler, and I help people find solutions to debt problems through bankruptcy and nonbankruptcy options.

I can help you decide which debt solution is right for you. To discuss your financial situation, please call 240-696-1816 or contact me online. Your consultation is free.

Bankruptcy Options

Bankruptcy offers people a fresh start. One of the benefits of bankruptcy is that you receive an automatic stay from all collection activities during the bankruptcy process. The automatic stay will stop creditor phone calls and letters. It will also prevent creditors from garnishing your wages, filing and foreclosing on liens, and seizing collateral or property.

Chapter 7

Under Chapter 7 bankruptcy, many of your debts will be discharged, which means you will not have to repay them. Examples of dischargeable debt include credit card debt, unsecured loans and medical bills. To qualify for Chapter 7, your income must be below the median for a household of your size in Maryland.

Chapter 13

Chapter 13 restructures your debt into a repayment plan of either three or five years. The monthly payments on your loans will be lowered, so you can continue to repay them. Chapter 13 bankruptcy is a good option for keeping assets such as your home.

Some debts and obligations are not dischargeable under any type of bankruptcy, including spousal and child support, student loans, taxes, and wrongful death or injury judgments.

Debt Workout

If you do not wish to file bankruptcy, there may be another option. I have been negotiating with creditors for more than 20 years and am often able to work with them to establish payment plans or a settlement on my clients' behalf.

For an appointment with a Landover bankruptcy attorney, call 240-696-1816 today.

We are a debt-relief agency. We help people file for relief under the Bankruptcy Code.

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