Start Life Afresh With Quality Bankruptcy Lawyers in Maryland

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Start Life Afresh With Quality Bankruptcy Lawyers
in Maryland
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• Any form of bankruptcy can be a shattering
  experience for a person or a business. Filing
  for bankruptcy involves high levels of anxiety
  and distress, which are further compounded by all
  the requisite legal paperwork and documents.
• Quality bankruptcy lawyers in Maryland can be
  trusted allies as you prepare to start a new
  journey toward a fresh financial start.

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• Knowledgeable and experienced lawyers belonging
  to established law firms have the necessary
  experience and qualifications to ensure that all
  your paperwork and related documents are filled
  out correctly and filed on time.
• In the following paragraphs we shall deal in
  detail with different types of bankruptcy filing
  along with their advantages and disadvantages. We
  shall also see why it is important to hire the
  services of a good bankruptcy lawyer irrespective
  of the type of bankruptcy.

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• There are basically four types of bankruptcy.
  They are named for their respective chapters in
  the United States bankruptcy code.
• Chapter 7 Bankruptcy
• This is a liquidation bankruptcy that is
  available to individuals as well as corporations
  and partnerships.
• The duration of a Chapter 7 bankruptcy is usually
  about four to six months. Businesses, however,
  try to avoid filing for Chapter 7 bankruptcy as
  it is impossible to carry out business operations
  during the period.

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Chapter 11 Bankruptcy

• A Chapter 11 bankruptcy is a rather complex type.
  This is the reason that these types of bankruptcy
  filings are done largely by business
  organizations.
• Individuals occasionally opt for Chapter 11
  bankruptcy, but it is primarily used by large
  corporations facing insolvency to pay off their
  debts through a repayment plan.

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Chapter 13 Bankruptcy

• A Chapter 13 bankruptcy, also called a wage
  earners plan, is similar to Chapter 11
  bankruptcy, though it is more suited for
  individuals rather than businesses.
• In this type of bankruptcy, individuals are given
  the option of retaining their assets by using
  their income to pay off the debts anywhere
  between a duration of three to five years. The
  repayment plan is approved by the court after
  determining the income of the individual and
  evaluating whether it is enough to meet debt
  obligations.

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Important Benefits of Hiring Good Bankruptcy
Lawyers in Maryland

• Bankruptcy is a complicated process, and the
  exact steps can vary from state to state. This
  makes it imperative on your part to hire the
  services of a good Maryland bankruptcy lawyer who
  can guide you in the selection of the right type
  of bankruptcy filing.
• Some of the important benefits of hiring the
  services of expert bankruptcy lawyers are as
  follows

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• Get a fresh start. Good bankruptcy lawyers are
  thoroughly aware of different types of bankruptcy
  filings and their suitability for you. This
  enables them to select a type of bankruptcy most
  suitable to manage your debts with a minimum of
  hassle and maximum of convenience.
• Eliminate all types of harassment. People who owe
  money to their creditors often receive calls from
  them at odd hours. These calls made at home or
  social gatherings result in acute embarrassment
  and harassment for the debtor.

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• Filing for bankruptcy does not mean that your
  creditors cannot call you, but the biggest
  advantage is that now all the calls are handled
  by your attorney, resulting in much-needed peace
  of mind.
• Filing for bankruptcy can be a nerve-racking
  experience that often results in mental agony and
  harassment. People are generally not aware of
  different types of bankruptcy and the paperwork
  and procedure associated with them.

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• The law offices of Rowena N. Nelson, LLC,
  providing its services in Maryland and
  Washington, DC, areas, perfectly understand the
  distress and complication associated with
  bankruptcy.
• This law firm as such has expert bankruptcy
  lawyers who possess the knowledge and
  professionalism to mitigate your emotional and
  financial distress to a great extent by carrying
  out the entire bankruptcy procedure for you in a
  timely manner.

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Contact us

• Please give us a call to take control of your
  life
• 301.358.3271
• Address 1801 McCormick Drive Suite 150
• Largo Maryland, 20774
• Office - 301.358.3271
• Fax - 877.728.7744

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