Personal and Business Bankruptcy: Chapter 7, Chapter 11, Chapter 13
For a debtor, filing a bankruptcy can mean the end of:
Charles County, MD bankruptcy attorney John Burns has extensive experience in representing Chapter 7, Chapter 11, and Chapter 13 debtors throughout the entire bankruptcy proceeding.
A Chapter 7 bankruptcy filing is an orderly, court-supervised procedure by which a trustee collects the assets of the debtor's estate, reduces them to cash and distributes that cash to creditors
If you file a Chapter 7 bankruptcy, the court could eliminate your unsecured debts and you would owe your unsecured creditors nothing.
A Chapter 13 bankruptcy is a reorganization of your financial situation.
The main purpose of a Chapter 13 bankruptcy is to enable you to retain certain assets that would otherwise be liquidated in a Chapter 7 bankruptcy.
For a consultation, call Maryland bankruptcy attorney John Burns today to speak with an experienced bankruptcy attorney. Our law firm wants to help you get the relief you need and deserve.