107 Centennial Street, 2nd Floor, La Plata Maryland 20646-0310
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La Plata Bankruptcy Lawyers

Chapter 7 and Chapter 13 bankruptcy in Maryland can offer you a fresh financial start

Bankruptcy is one of those things that most people don’t think will happen to them. But bankruptcy relief is in place because unforeseen circumstances can arise that necessitate relief from or reorganization of your debts. Mudd, Mudd & Fitzgerald, P.A. understands that filing for Chapter 7 or Chapter 13 bankruptcy is a difficult decision. We are skilled bankruptcy litigators, who fight tenaciously for your fresh start or reorganization.

What are the life events that commonly cause financial hardship?

Consumer bankruptcy relief is compelled by a variety of circumstances, such as:

  • Drinking
  • Illness
  • Job loss
  • Loaning money to family
  • Tax issues

Obtaining a discharge of your existing debts is the goal of your Maryland bankruptcy attorneys in La Plata. The discharge under Chapter 7 means you are no longer obligated to repay the now discharged debts, allowing you a fresh start. Your creditors are, however, entitled to share in the fixed value of non-exempt liquidated assets.

There are, however, certain debts that are not dischargeable under Chapter 7 or Chapter 13:

  • Alimony
  • Child support
  • Debt incurred with the knowing inability to repay
  • Fraudulently procured debts
  • Student loans
  • Taxes within the last three years

Chapter 13 provides the opportunity of debt reorganization for qualified individuals, or small proprietary business owners, and excludes corporations or partnerships. Your Maryland Chapter 13 bankruptcy lawyers in La Plata can help you work out a repayment plan under Chapter 13, which can provide serious advantages for catching up and paying off car or mortgage debts due to the 0 percent interest factor Chapter 13 provides.

A bankruptcy is no longer carried on your credit report after 10 years, and other credit blemishes are gone after seven years. Delaying filing for bankruptcy protection in hopes of salvaging some shred of a credit rating, accomplishes nothing except for setting you up for more stress:

  • Harassment by creditors
  • Foreclosures
  • Wage garnishments
  • Judgments
  • Lawsuits
  • Repossessions

Regardless of whether your financial crisis was beyond your control or due to mistakes you made, our La Plata bankruptcy attorneys in Maryland are here to help you assure your financial future.

Call to speak with a skilled bankruptcy attorney today

Mudd, Mudd & Fitzgerald, P.A., established in 1907, is the oldest and largest law firm in Charles County. Our office is handicapped-accessible and conveniently located a half-block from the courthouse. We are competitively priced. We’ve earned our success, as indicated by our firm’s selection for the prestigious AV® Preeminent™ Peer Review Rating by Martindale-Hubbell® Peer Review Ratings™. Additionally, two members of our law firm, Stephen P. Fitzgerald and John F. Mudd, have been named Super Lawyers by Martindale-Hubbell® Peer Review Ratings™ and The Bar Register for Preeminent Lawyers. Please call today 240.776.5078 or contact us online to discuss your bankruptcy matters.

We are leaders, litigators and trial attorneys who fight for your rights.

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