How Does Bankruptcy Work?

       If you are having a difficult time paying your debt or if you are facing foreclsoure, Bankruptcy may be right for you. The process can be complicated and is much easier with a Bankruptcy attorney advising and helping you along the way. Philip I. Klein can assist you in this process and help as he as done for so many others in the Maryland area.

Should I file Chapter 7 or Chapter 13?

       A Bankruptcy attorney will advise you on what option will suit your situation the best. 

Chapter 7
Will wipe out most debt allowing you to keep assets
that are exempt under the Bankruptcy Code.

Chapter 13
Involves reorganizing your debt so that you are able to repay part or all of the debt over a period not to exceed 5 years.

For additional information please read our Bankruptcy Help Center, you can also contact us for a Free Evaluation or call 410-356-1074.