Annapolis, MD Chapter 13 Bankruptcy Lawyer

Skilled Annapolis Attorney Representing Clients in Chapter 13 Cases

When your combined debts become insurmountable, it can feel impossible to climb out of the hole. By filing for Chapter 13 bankruptcy, you can work towards financial stability and find real relief for your issues. An Annapolis bankruptcy attorney can assess your needs and help you find the right financial solution for your situation.

At The Law Office of Donald L. Bell, we know just how hard it can be to overcome a mountain of debt. Attorney Donald L. Bell has over 20 years of experience in bankruptcy law, and as a member of the National Bar Association, he is highly qualified to address his clients' concerns about debt reorganization. When you work with our firm, you will receive Attorney Bell's full attention, and you can rest assured that your case will not get passed off to someone else.

What Is Chapter 13 Bankruptcy?

If you have a steady source of income but are struggling to keep up with the repayment of debts, Chapter 13 bankruptcy may be the right option for you. By filing for Chapter 13 bankruptcy, you can reorganize your debts and give priority to the most pressing obligations, such as your home mortgage or tax debts.

The repayment plan established in a Chapter 13 case will allow you to catch up on missed payments and repay other debts over the course of three to five years without worrying about having your property seized. In many cases, Chapter 13 bankruptcy is an effective way to avoid having your home foreclosed or having your wages garnished. At The Law Office of Donald L. Bell, we can help you file for Chapter 13 bankruptcy, ensuring that all the steps are carefully followed.

How Can I File for Chapter 13 Bankruptcy?

Creating a repayment plan for your debts requires careful negotiation and planning. One of the most important parts of this process is attending a "341 meeting" with your creditors. Attorney Donald Bell can represent you in a 341 meeting and address any questions from interested parties.

Before a petition for Chapter 13 bankruptcy can be approved by the court, you have to demonstrate that you have a realistic plan to pay off your debts. After filing your petition and during the 341 meeting, Attorney Bell will advocate for the legitimacy of the proposed plan.

After your petition for Chapter 13 bankruptcy is approved by a judge, you will make payments at regular intervals according to the repayment plan. When you fulfill the terms of the plan by making all payments during the three- or five-year period, any leftover unsecured debts will be discharged.

Other Considerations in Chapter 13 Bankruptcy

Chapter 13 bankruptcy can allow you to preserve your property or other assets for future generations, potentially saving you from financial ruin. However, keep in mind that filing for bankruptcy will impact your credit score for years, possibly limiting your ability to take out new loans.

Chapter 13 bankruptcies are generally not publicly available information. However, your bankruptcy will show up on any background check by your current or future employers. You should have a response prepared if your Chapter 13 bankruptcy comes up during an interview to explain your financial hardship and the steps you took to overcome it.

At The Law Office of Donald L. Bell, we can help you respond to unexpected developments while filing for Chapter 13 bankruptcy, providing professional legal guidance that will set you up for a better financial future.

Meet With an Annapolis, Maryland Chapter 13 Bankruptcy Attorney

Trying to juggle multiple debts is a difficult task to manage on your own. With the help of the attorney at The Law Office of Donald L. Bell, you do not have to shoulder this financial burden by yourself. Call our offices at 301-614-0535 or reach out to us online to start discussing your options for financial relief.