Creditors typically refuse to negotiate with anyone who is not a debt and bankruptcy lawyer when settling debts. This is because creditors usually want to ensure that all legal procedures are followed correctly to avoid potential problems.
This means that you cannot settle all of your debt without working with an experienced debt consolidation lawyer. Without the advice of an experienced bankruptcy attorney, you may find yourself paying a debt that is not discharged or repaying the debt in full.
Even when you do everything right, it is often still possible to get into minor trouble with the law during your bankruptcy case. In Olney, MD, it is easy to get into a legal problem without a debt relief attorney. Someone who is not a proper debt relief attorney can even get sued for simple mistakes like misspelling a person’s name in court papers or improperly filing forms with the court.
As your lawyer, Jillian Kindlund can work with any creditor to get you the best possible outcome. No creditor has refused to work with us, and we have a proven track record of success. As debt negotiation lawyers, we can deal with all of your creditors professionally and effectively. Debt can be a difficult thing to handle on your own. Additionally, debt settlement companies may offer a quick fix, but often these solutions are outside your best interest.
Avoid Filing Alone Or Going Through A “Debt Settlement Company”
When it comes to filing for bankruptcy, filing alone or through a debt settlement company, where the support staff is not licensed to practice the law, are two of the worst mistakes you can make. This stands true whether you are filing as an individual, sole proprietor, or otherwise, no matter the size of your debt.
Many debt settlement companies will try to take advantage of you by charging you a fee, regardless of whether or not they successfully settle your debts. We believe this is unfair and unjust. These companies should only be paid when they can help you get a favorable settlement. Anything less is taking advantage of people already in a difficult financial situation.
Chapter 13
In a Chapter 13 bankruptcy, you receive permission from the court to keep certain non-exempt assets. These assets are labeled as “property of the estate.” You must use ‘property of the estate’ assets to pay your creditors. The amount of non-exempt assets differs from person to person. The bankruptcy trustee must sell property that is part of the estate’s property to pay off as much of your debt as possible.
Chapter 13 bankruptcy is a process that allows debtors to reorganize their finances and repay their debts over time. In most cases, this type of bankruptcy is used by individuals who need to keep certain things. For example, someone might need their home or car.
Chapter 7
Under Maryland state law, chapter 7 bankruptcy can be used by qualifying individuals, partnerships, or corporations looking for a last resort to save their finances. In a chapter 7 asset case, the debtor’s estate is liquidated by selling property for cash to repay creditors. Some assets are exempt from liquidation, while others are not. This type of bankruptcy is often beneficial as it allows you to wipe out your debts and get a complete financial reset.
Free Evaluation From Kindlund Legal in Olney, MD
As a Maryland credit card debt relief lawyer, Jillian Kindlund’s top priorities are understanding your goals and providing you with the best legal service possible. Our Olney bankruptcy law office can help you understand your options and build a solid financial future.
Kindlund Legal has a free bankruptcy law case evaluation in a local office near you. Contact us soon.
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(240) 997-5775
Former Chapter 7 Trustee
