Glen Burnie Chapter 13 Bankruptcy Lawyer

Experienced Attorney Helping Clients File for Chapter 13 Bankruptcy in Glen Burnie, Maryland

Overcoming multiple debts on your own can feel like an insurmountable task. When creditors start threatening to take away your property, the situation can become much more stressful. By filing for Chapter 13 bankruptcy, you can regain control over your finances and work out a new repayment plan with more favorable terms.

At The Law Office of Donald L. Bell, we offer compassionate support and legal representation for Glen Burnie residents who are grappling with debt. If you need help catching up on late payments and outstanding loans, Attorney Donald Bell can help you file for Chapter 13 bankruptcy. When you work with our firm, you can rest assured that your case will be handled by a qualified legal professional from start to finish instead of being passed from attorney to attorney.

Is Chapter 13 Bankruptcy Right for Me?

Chapter 13 bankruptcy is sometimes called a "wage earner's plan," as it allows people with a consistent income to pay back their debts over time. This is in contrast to Chapter 7 bankruptcy, which is intended for people who do not have the financial means to pay back their loans.

If you have a consistent, stable income, Chapter 13 bankruptcy can give you the opportunity to restructure your debts and retain control of assets such as your house or your vehicle. At The Law Office of Donald L. Bell, we can assess your eligibility for this form of bankruptcy and help you draft a sound repayment plan.

The 341 Meeting and Confirmation Hearing

Applying for Chapter 13 bankruptcy is not as simple as filing a petition and waiting for approval. As part of this process, the court will appoint a trustee to your case who will decide whether or not your proposed repayment plan is realistic. This is where it helps to have an attorney who can speak on your behalf and advocate for your rights.

You will be required to attend a meeting of creditors, also known as a "341 meeting," wherein the trustee will ask questions about your financial situation. Your creditors are also invited to attend, but in most cases, they will not make an appearance. At The Law Office of Donald L. Bell, we can help you prepare for this meeting and represent you in front of the trustee.

As a final step, you will be summoned to a hearing in bankruptcy court. A judge will make a final decision about your repayment plan, and if it is approved, you can start making payments to the trustee presiding over your case.

Preserving Generational Wealth With Chapter 13 Bankruptcy

If your home is at risk of foreclosure, Chapter 13 bankruptcy can give you a solid route to keep your home and catch up on late payments on your mortgage. Keeping a home in your family is a pathway to generational wealth, and at The Law Office of Donald L. Bell, we want to help you reach long-term financial security.

During your repayment plan, you can retain ownership of your house and other property without fear of repossession, giving you the time you need to catch up on your late payments. Moreover, you could also have a second mortgage like a home equity loan removed through Chapter 13 bankruptcy.

As an added benefit, once your repayment plan is complete, your remaining unsecured debts like credit card debt and medical bills will be wiped away. This can allow you to focus on your mortgage and meet your financial goals.

Meet With a Glen Burnie, MD Chapter 13 Bankruptcy Attorney Today

At The Law Office of Donald L. Bell, we are ready to help you take control of your finances. Our Glen Burnie bankruptcy lawyer has assisted numerous clients in restructuring loans and getting unsecured debts discharged. To schedule a consultation today, call our office at 301-614-0535 or reach out to us online.