Bankruptcy Lawyers in Bowie, MD
Serving Prince George's & Anne Arundel Counties
Adams Law Office, LLC, we understand how difficult it can be to maintain solvency in the face
of life’s many challenges. Economic meltdowns can result in job
losses, furloughs, and reductions in pay. Divorce, unexpected medical
bills, and poor financial planning can all lead to a debt burden that
is impossible to maintain. When such hardships hit, you may not know what
to do or where to turn for practical advice.
While you have likely considered bankruptcy, negative stereotypes about
this legal procedure may be keeping you from moving forward. But hundreds
of thousands of people just like you take advantage of this solution every
year, and you deserve to experience the same relief.
Our firm is here to help you understand all aspects of bankruptcy so you
can make an informed decision about whether it is right for you. We believe
our country is blessed to have legal solutions designed to give any American
a fresh start. Both federal and state bankruptcy laws have been established
for those who are facing overdue bills,
foreclosures, garnishments, repossessions, and attachments. We consider ourselves privileged
to be able to extend such a valuable debt relief solution to our clients. Withmore than 20 years of combined experience, you can count on our care, attention to detail,
and dependable level of service.
Overwhelmed by debt? Harassed by collection calls? Contact our Bowie bankruptcy
(301) 900-5940 for a
free, initial consultation today.
Chapter 7 and Chapter 13 are the two types of bankruptcy filings most commonly used
by consumers. Chapter 7, often called straight bankruptcy, is a liquidation
process in which your nonexempt assets are sold off to pay your creditors.
Any remaining unsecured debt (e.g. credit card debt, utility bills, medical
bills, etc.) after the liquidation process is forgiven.
Chapter 13 is a different form of bankruptcy where you create a plan to pay a portion
or all of your debt over a 3-5-year period. Generally, at the end of the
repayment period, whatever unsecured debt remains is forgiven.