Chapter 7 Bankruptcy
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The important thing to remember is that a Chapter 7 Bankruptcy dissolves all eligible debts and the lender is not eligible to receive any payments unless you CHOOSE to pay them. While a Chapter 7 Bankruptcy will show on your credit report for the next 10 years, it will most importantly, allow you the freedom to make a fresh start and focus on rebuilding your credit worthiness for the coming years.
Since the specifics of each case are different, it is important to seek reliable legal counsel when considering the decision to file for a Chapter 7 Bankruptcy and throughout the actual process.
The process of filing for bankruptcy can be arduous and the advice itself can be critical. This is where the experts at Rowena N. Nelson, LLC help you. Not only do they advise you on the process of filing the petition but they see it through to the very end.
To learn more about Chapter 7 Bankruptcy in Maryland, contact us.