It might have happened as the result of an investment that seemed like a good deal at the time but has instead proved to be anything but. It might have happened as the result of a prolonged job hunt that’s drained your bank account. It might have happened as the result of any number of different factors but whatever the ultimate causes might be, the stark facts of the case remain the same.
You’re in dire financial straits, facing hordes of impatient creditors, and bankruptcy is on the horizon. When faced with all that, it can be easy to feel as though you’re simply drowning in debt with no way out. Thankfully, the best bankruptcy attorney in Waldorf, MD is available to assist.
Chapter 7 Bankruptcy
One of the most important things to note about declaring bankruptcy is that there are different ways to go about doing it. Different financial scenarios call for different solutions, which is why you’ll want to call upon the best bankruptcy attorney in the Waldorf area to assist you. He or she can help review your case and determine which bankruptcy declarations best suit your needs. For example, Chapter 7 bankruptcy can be useful for those in desperate need of stopping calls from creditors, enabling them to more easily liquidate and sell off assets to pay back debts.
Chapter 13 Bankruptcy
By contrast, Chapter 13 bankruptcy is a great way to save your assets, particularly your home, when faced with the prospect of a financial crisis. Chapter 13 enables clients to take advantage of the equity in their homes and other aspects of their financial portfolio to come up with payment plans for paying off debt without having to sell off their homes. A proper bankruptcy attorney can review your case, see if you qualify, and, if so, help you file the necessary paperwork to protect your home or other assets.
Click here and get started on the path towards reclaiming your financial future with the best legal experts specializing in Chapter 7 and 13 bankruptcies in the Bel Air area.