Thanks to a Greenbelt bankruptcy attorney at The Phillips Law Offices, you may be able to put your financial troubles behind you. Jill Phillips the Founder of the bankruptcy law firm believes that everyone deserves a fresh start to their finances. She has been quoted as saying, "There is a reason why our founding fathers reference bankruptcy in Article I of the United States Constitution"
Bankruptcy Protection in Greenbelt, Maryland
Attorney Phillips said, "No matter how desperate your situation might seem, you must reach out for help as soon as possible". By petitioning for bankruptcy protection today with a Greenbelt bankruptcy lawyer from The Phillips Law Offices, you could possibly discharge some of your most overwhelming debts - including credit card bills, medical expenses, personal loans, and even payday advance loans - within a few months.
People living in Price George's County who consult with Greenbelt bankruptcy attorneys can get peace of mind by knowing that if things do not work out the way that they had hoped during negotiations or mediation then a qualified Greenbelt bankruptcy lawyer can protect them from potential wage garnishments, bank levies, and even evictions or a foreclosure on their home.
Don't let debt collectors scare you. Consumers have legal rights!
Debt collectors can not harass you, just because you owe them money. In fact, The Federal, as well as Maryland State laws, provide strong legal protection for individuals. The Fair Debt Collection Practices Act (FDCPA) says debt collectors can't harass, oppress, or abuse you or anyone else related or connected to you including making ... repetitious phone calls that are intended to annoy, abuse, or harass you or any person answering the phone. Further, not only can you not go to jail for not being able to pay a debt, but should a creditor or debt collector threaten you with jail time for not paying their debts, the person making that threat has violated the FDCPA and may need to pay you a statutory fine among other things.
What are your bankruptcy options in your life in Greenbelt?
Any competent bankruptcy lawyer you speak to should know and understand all of your options and alternatives. The Greenbelt bankruptcy attorneys at The Phillips Law Offices will be able to explain the benefits and risks associated with a Chapter 7 bankruptcy, Chapter 13 bankruptcy, as well as debt settlement and debt management plans.
Whenever possible, Greenbelt bankruptcy lawyers attempt to work with the debtor so they can avoid losing their home to foreclosure or getting their vehicle repossessed. During times of financial difficulty, Greenbelt residents must remember that non-payment on debt can result in severe consequences including property loss, wage garnishment, and harm to their credit rating if prompt action is not taken.
What is a Chapter 7 Bankruptcy Case?
It is possible a Greenbelt bankruptcy attorney can help you to eliminate or reduce some of your unsecured debt by filing a Chapter 7 bankruptcy case. Chapter 7 is also referred to as "liquidation" bankruptcy because it involves the sale of your nonexempt assets by a Greenbelt trustee to pay back your creditors unless those assets are protected under Maryland state law.
What is a Chapter 13 Reorganization?
A debt relief lawyer can provide you with information regarding a Chapter 13 reorganization bankruptcy, which is designed to restructure your finances so you can pay back some or all of your debts over three to five years.
This type of bankruptcy case is often used to stop a foreclosure and allow the homeowner to produce a repayment plan that will satisfy the arrears to the mortgage lender.
What is Debt Settlement?
Many people who owe money on credit card bills, mortgages, car loans and other forms of secured debt may be able to work out a deal or a modification with their creditors to pay back less than what they owe. Greenbelt bankruptcy attorneys at The Phillips Law Offices may be able to help consumers who have a high amount of unsecured debt, such as credit card bills and medical bills but a low amount of equity in their home or vehicle through a process called "debt settlement."
There are many ways Greenbelt bankruptcy attorneys can help people in their time of financial crisis. If you think you may be unable to make ends meet, you should speak with a Greenbelt bankruptcy attorney as soon as possible. For more information, contact Attorney Jill Phillips, a Greenbelt bankruptcy attorney at the Phillips Law Offices at 301-494-4250.
