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Carroll County Bankruptcy Firm Sets Up Chapter 13 Repayment Plans

Dedicated Hampstead lawyer establishes fair schedules to eliminate debts

Bankruptcy isn’t just for people who lack income or jobs. Many people live paycheck to paycheck, so just one financial problem can quickly lead to overwhelming debt. At the Law Office of Joseph E. Ashley in Hampstead, I help Maryland clients stop creditor harassment and establish a fair debt repayment plan through Chapter 13 bankruptcy. This program gives individuals and families a chance to catch up to their obligations without liquidating their assets or sacrificing essentials. Having assisted Carroll County clients with debt relief issues for more than 15 years, I know how to create a repayment schedule that is likely to be approved by the court and pays down the amount you owe in a timeframe you can meet.

Proven Maryland advocate fights to stop collection harassment

Chapter 13 is a form of bankruptcy that offers help to those experiencing financial problems caused by a significant event, such as a divorce, job loss or medical issue. During a free initial consultation, I will help you explore your debt relief options and discuss aspects of a Chapter 13 filing that involve:

  • Stopping collection actions — Once your bankruptcy action is initiated, an automatic stay is issued. The stay halts all types of collection actions, including foreclosures and utility cutoffs, until your repayment plan is finalized.
  • Establishing a repayment agreement — My firm will draft a comprehensive plan based on your income and specific needs to repay creditors over a period of three to five years. Because I provide personalized counsel, I can craft a repayment schedule that suits your situation and satisfies the court.
  • Failing to meet repayment terms — If something unexpected happens while you are in the midst of your repayment schedule, it is best to act quickly. My firm can petition the court for relief, which might include a modification of terms or a discharge of debts due to hardship.

Though this type of bankruptcy does not include an automatic discharge of debts, your obligations can often be reduced or eliminated as long as you comply with the court-approved plan.

Contact an experienced Maryland Chapter 13 bankruptcy lawyer for a free consultation

The Law Office of Joseph E. Ashley handles Chapter 13 bankruptcy filings and other debt relief concerns for clients in the Carroll County area. Please call 443-639-8399 or contact me online to schedule a free initial consultation at my Hampstead office.