Success message
Error message
Bankruptcy is a legal process that enables individuals or businesses to eliminate or reorganize their debts under the protection of the court. It is designed to provide relief to those who are struggling with overwhelming financial burdens, allowing them to make a fresh start. By filing for bankruptcy, you can stop creditor harassment, eliminate huge credit card debt and medical bills, stop wage garnishments, and stop foreclosure proceedings while addressing your debts in a structured way.
Filing for bankruptcy can:
Stop Creditor Harassment: Put an end to relentless phone calls and collection attempts.
Prevent Foreclosure: Protect your home from being taken by creditors.
Eliminate Debt: Wipe out unsecured debts like credit card balances and medical bills in Chapter 7 bankruptcy.
Create Manageable Payments: Reorganize your debts into an affordable repayment plan with Chapter 13 bankruptcy.
Provide Peace of Mind: Relieve the stress and anxiety of dealing with unmanageable debt.
To a person unfamiliar with bankruptcy, Chapter 7 may seem overwhelming. Often, a potential client will say he/she is afraid to file because the bankruptcy court might sell my house against my wishes. However, an experienced bankruptcy attorney will carefully review your situation and ensure that filing Chapter 7 does not put your important assets, such as your home, at risk.
Chapter 7 bankruptcy, often referred to as “liquidation bankruptcy,” is designed for individuals who cannot repay their debts. While some assets may be sold to pay creditors, many essential assets are protected by law and remain exempt. With the right legal guidance, Chapter 7 can help you eliminate unsecured debts, such as credit card balances and medical bills, without sacrificing your assets. This is why experience matters when choosing which chapter to file—the right attorney will protect your assets and help you achieve financial freedom.
Chapter 13 bankruptcy, often called a “wage earner’s plan,” allows individuals with regular income to create a repayment plan to pay off all or part of their debts over time. Chapter 13 is a great option for those who are facing repossession of a vehicle or foreclosure of a house and want to keep their property. Chapter 13 gives you time, generally three to five year, to catch up on missed payments and reorganize your finances.
Get in touch to schedule your free telephone consultation. We will evaluate your case and you bear no obligations. The details you share are held in confidence.
Email attorneymoseley@bankruptcyclients.com
Phone (202) 269-6099
Address
1025 Connecticut Avenue, NW, Washington, DC 20036
📍 Serving
Washington, DC
Maryland