Takoma Park Chapter 13 Bankruptcy Lawyer

Chapter 13 Bankruptcy Attorney Representing Clients in Takoma Park, MD

Unlike Chapter 7, which involves liquidating certain assets to pay off creditors, Chapter 13 bankruptcy allows people to keep their property while working out a repayment plan that lasts three to five years. If you are considering filing for bankruptcy, The Law Office of Donald L. Bell can help you. We have over 20 years of experience handling these types of cases, and we are uniquely qualified to guide you toward a fresh financial start.

Donald Bell is a former Marine who served for six years, and honor, courage, and commitment were deeply instilled in him during his service. These values shape how The Law Office of Donald L. Bell approaches each bankruptcy case. We provide steadfast support and dedicated advocacy to every client. With a hands-on approach, we will help you assess your financial situation and develop a repayment plan that is both fair and achievable.

The Bankruptcy Process

Chapter 13 is designed for people who have a steady income but are struggling to keep up with their debt payments. Unlike Chapter 7, Chapter 13 does not involve liquidating assets to pay off creditors. Instead, you will work with the court and your creditors to create a repayment plan that allows you to pay off some of your debts over time. This can be an ideal option if you have significant secured debt, such as a mortgage or car loan, since it can help ensure that you will avoid foreclosure or repossession.

Filing for bankruptcy involves several important steps. The Law Office of Donald L. Bell can assist you at each stage:

• Evaluating Your Financial Situation: We will review your income, debts, and expenses to assess whether you meet the eligibility requirements for Chapter 13 bankruptcy. To qualify, your secured debts (such as a home mortgage or auto loans) must be under a certain threshold, and there will also be limits on the amount of unsecured debts (such as credit cards, personal loans, and medical bills) that you may have. With this initial evaluation, we can help ensure that you are on the right track and that filing for Chapter 13 will provide the relief you need.
• Developing a Repayment Plan: We will help you create a plan that will allow you to pay off some debts over the course of three to five years. The goal is to create a plan that is manageable and allows you to stay on top of your regular living expenses while repaying your creditors.
• Filing the Bankruptcy Petition: The forms and documents submitted when initiating your bankruptcy case must include detailed information about your finances. Any errors or omissions could lead to delays or complications.
• The Meeting of Creditors: This proceeding, which will take place after you submit your bankruptcy petition, is also known as a "341 meeting." The bankruptcy trustee and any creditors who wish to participate will ask questions about your financial situation and your proposed repayment plan. While this meeting can be intimidating, we will be there to represent you, ensuring that you answer questions correctly and provide the right information.
• Ongoing Support Throughout Your Repayment Plan: During your bankruptcy case, it is important to stay on top of your payments and keep the court informed of any changes to your financial situation. The Law Office of Donald L. Bell will help you make adjustments to your plan if necessary. We will ensure that you stay on track to complete the bankruptcy process successfully.

Why Work With an Experienced Chapter 13 Bankruptcy Attorney?

Having an attorney with over two decades of experience can make all the difference in the outcome of your case. The Law Office of Donald L. Bell has successfully guided numerous clients through Chapter 13 bankruptcy, helping them protect their homes, cars, and other important assets while getting their finances back on track. Whether preparing your case for court or negotiating with creditors, we approach each task with a sense of duty and dedication.

Contact Our Takoma Park, Maryland Chapter 13 Bankruptcy Attorney

The Law Office of Donald L. Bell has a strong commitment to helping clients achieve financial stability. We are here to guide you through every step of the bankruptcy process. Reach out to us at 301-614-0535 to arrange a complimentary consultation and start building a path toward a more secure financial future.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.