Maryland Bankruptcy Lawyer Counsels Distressed Debtors
Skilled attorney helps clients in the Rockville area find debt relief
Filing for bankruptcy is an important decision that has significant implications for your life. But when mounting debt begins to feel unmanageable, bankruptcy is a legal option that can provide relief. At Eric H. Kirchman, I help clients in the Rockville area and throughout Maryland decide whether filing for bankruptcy is the most effective way for them to take control of their debt.
Maryland negotiator offers debt relief options
Bankruptcy is not your only option. As an experienced negotiator, I often work with creditors to develop out-of-court solutions that avoid bankruptcy. Frequently, I can negotiate a smaller debt amount payable in more manageable monthly installments.
Proven advocate provides debt analysis
I assist people with overwhelming debts. I analyze your case to determine if bankruptcy will advance your immediate and long-term financial goals. I will review your debts, income and expenses, and explain the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, I provide detailed information about the bankruptcy process and a complete picture of the outcome you should expect. My upfront approach to bankruptcy gives you confidence in your financial future.
Experienced counselor explains your bankruptcy options
The U.S. Bankruptcy Code provides relief for businesses and consumers. Each has different eligibility requirements and different advantages in particular situations. Filing a bankruptcy petition automatically triggers an automatic stay, meaning creditors must immediately stop collections letters and phone calls. I will correspond with your creditors from the moment you file for bankruptcy and act entirely on your behalf.
The most common forms of bankruptcy are:
- Chapter 7 bankruptcy — For individuals and their spouses who own fewer assets and earn smaller incomes, Chapter 7 bankruptcy grants you relief from debts through liquidation of your assets.
- Chapter 11 bankruptcy — For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.
- Chapter 13 bankruptcy — An option for families facing foreclosure or whose incomes are higher, Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan extending three to five years. This option provides numerous advantages, including the possibility of keeping your home.
If bankruptcy is the right choice for you, I will be at your side, guiding you through the process from start to finish.
Contact a knowledgeable Maryland bankruptcy attorney
Take your first steps toward debt relief today. Call Eric H. Kirchman at 301-825-9134 or contact me online to schedule your free bankruptcy consultation at my Rockville office.