Don’t deal with your financial challenges on your own, work with an attorney that cares about your welfare moving forward.
Facing a mountain of debt can be a burden that is difficult to overcome. Financial difficulties can alter many aspects of your life, from your living situation to your relationships with friends and family. In situations where you are unsure of how to move forward, it is important to understand your options – and that you don’t have to handle it alone.
Bankruptcy is a tool that hundreds of thousands of Americans use every year. While many people think bankruptcy is an admittance of financial failure, it is actually a proactive step to take to get your life back on track. Working with a qualified bankruptcy law attorney that looks after your best interests will be an invaluable choice to make in the overall process of mitigating your financial challenges.
Attorney Jillian Kindlund has been helping her clients establish viable debt solutions for over 30 years. Her vast experience enables her to make strategic decisions consistently and successfully for individuals facing financial hardship. Using her skills and knowledge, Attorney Jillian Kindlund will provide her personal time and attention to any bankruptcy case she is confronted with – no matter how serious the financial problem may be.
What Is Bankruptcy?
Bankruptcy occurs when people and other entities who are unable to repay their debts seek relief from some or all of their debts. This can be completed in a few different ways depending on the circumstances at hand.
While bankruptcy does affect your credit score, it also gives you the opportunity to put your debts behind you. What’s more, bankruptcy also halts creditors from contacting you to collect money from you, which allows you to focus on moving forward toward financial freedom.
Chapter 7 And Chapter 13 Bankruptcy: What’s The Difference?
Chapter 7 bankruptcy is completed through the liquidation of the debtor’s assets in order to pay back creditors. This takes care of many unsecured debts such as credit card debt, medical bills, and unsecured personal loans.
As the most popular type of bankruptcy, Chapter 7 has proven to be a viable last resort for those that are far behind on their bills and are seeking to reset their finances. When liquidating assets, there is a differentiation made between exempt and non-exempt assets. The best way to ensure that your most important assets are preserved is by working with a Chapter 7 bankruptcy attorney that can oversee the process from start to finish.
Chapter 13 bankruptcy is also known as “the wage earner’s plan”. This allows individuals with regular incomes to establish a payment plan spanning 3-5 years to resolve outstanding debts. Chapter 13 allows you to keep your assets while paying back creditors in manageable installments.
Where Will My Bankruptcy Case Be Handled?
If you are residing in Spencerville, MD, your bankruptcy case will be managed through the Maryland District Bankruptcy Court at 6500 Cherrywood Lane, Greenbelt, MD 20770. The best way to find out more information on this specific court is to call (301) 344-8018 or visit the website.
Facing Financial Roadblocks? Call Kindlund Legal LLC Today!
Whatever your debt difficulties may be, our firm will work closely with you to ensure you have a clear way out of it.
Are you seeking a bankruptcy law attorney that will advocate for your financial needs? Kindlund Legal LLC stands ready to provide you with upstanding legal representation no matter what your financial standing may be.
If you are a resident of Spencerville, MD, please do not hesitate to contact our office at your convenience to get started with a free initial consultation!