Chances are pretty good you’ve probably thought about looking into hiring one of the local bankruptcy attorneys to help you with filing bankruptcy. However, have you ever thought about hiring one of the Chapter 13 bankruptcy Lawyers of Waldorf MD instead? Naturally, most people hear about Chapter 13 bankruptcy Lawyers of Waldorf MD and want to know what the difference is. A bankruptcy attorney is an attorney who handles all bankruptcy cases including Chapter 13, 11, and 7. A Chapter 13 attorney would only handle Chapter 13 cases. This means that you would be getting more experience with the kind of bankruptcy you are filing.
Chapter 13 is also commonly referred to as reorganization bankruptcy. It is when the consumer tells the bankruptcy court that they are unable to pay their debts on the current payment plans and that they are stressed out by the constant calls from creditors and debt collectors. The bankruptcy court will help restructure your payment plan. You will be given 3 to 5 years depending on the amount of debt you have and your income to pay everything back. As long as you keep up with the payment plan, all debt collectors are required by law to leave you alone.
When you are trying to decide if you should file bankruptcy and whether or not you should file Chapter 13, it would be a good idea to consult with a law firm. This law firm would be able to look at your financial situation and determine whether or not bankruptcy is even the best option to your problems. There are some cases where a bankruptcy lawyer determines that you just need to come to debt settlement agreements with the few debts you have and you would be fine. Naturally, the lawyer would be able to contact the debt collectors on your behalf to see if some kind of settlement could be worked out so you could start paying them back the money that you owe them. If bankruptcy is the answer to your problems, the lawyer would be able to help you with all of the paperwork to do that as well. Visit the website for more information.
