Bankruptcy

Difficult situations present themselves in our lives: the loss of a spouse, the loss of a job, a catastrophic illness.

These obstacles can force us to make tough economic decisions like which bills to pay first, or not to pay at all. Sometimes these circumstances can become so dire that we have only one option…bankruptcy. Our bankruptcy lawyers want to help our clients understand that even after filing for bankruptcy, financial viability is possible again. The two most common forms of bankruptcy are:

  • Chapter 7 Bankruptcy (liquidation of assets)
  • Chapter 13 Bankruptcy (debt restructuring)

Bankruptcy

Chapter 7 Bankruptcy will discharge or wipe out most unsecured debts. Some common examples of unsecured debts are utility bills, credit cards, medical bills and payday or signature loans. The choice to file a business related bankruptcy is highly technical in nature but if done correctly, keeping in mind both your personal and business liabilities it can be a good way to close that chapter in your life and set you up for your next business opportunity.

Chapter 13 Bankruptcy is a consolidation plan based on what a debtor can actually afford to pay over the course of 3 to 5 years. Chapter 13 bankruptcy is often called “reorganization bankruptcy” and in many cases the amounts paid back are less than the full amount owed. Once you file a Chapter 7 or Chapter 13 bankruptcy, none of your creditors can call you, write you, sue you, garnish you, repossess your car, or foreclose on your house. This is called the “automatic stay.”

Bankruptcy Attorneys Who Help You

Regain Your Financial Footing

Filing bankruptcy is not an easy decision to make. Bankruptcy can provide an additional debt reduction option for someone, or even a company, who needs help rediscovering their financial viability.

At Kemet Hunt Law Group, we believe everyone deserves a legal means of becoming financially whole again. We provide exceptional representation while partnering with you to understand how to get through tough financial times.

The filing of a bankruptcy can stop collection efforts including harassing phone calls, letters, and even garnishments.

It may also halt foreclosures, at least temporarily, and in many cases allow you to work out a repayment plan to keep your home.

No matter what your circumstances are, our Maryland bankruptcy attorneys can help you with financial solutions. The feeling of financial ruin is enough to hinder any growth in a person’s life or business.

Our knowledgeable bankruptcy attorneys can evaluate your circumstances and help you decide whether bankruptcy is right for you.

Let the Kemet Hunt Law Group guide you through digging your way
out of debt and getting the fresh start you need.

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