Best Criminal Defense Lawyers in Severn, MD

The simplest and most popular type of bankruptcy is Chapter 7. If the debtor possesses assets under Chapter 7 that are not exempt, a court-appointed trustee may liquidate those assets and distribute the net profits to creditors in accordance with the Code's priority order. In return, the debtor is released from personal responsibility for the majority of the debts. In over 99% of personal bankruptcy proceedings, the trustee settles the case without selling any of the debtor's property. Although bankruptcy has a bad reputation, the laws were created to allow those who were in serious financial trouble a second shot. You can utilize bankruptcy to get rid of your debt and go back on solid financial ground, but you should consider the consequences beforehand due to the long-term harm it will do to your creditworthiness. Speak with one of our experienced Chapter 7 bankruptcy attorneys to review who can file and how bankruptcy will impact you both now and in the future. Robert Siegel with ZSTS Empire Towers 7310 Ritchie Hwy Suite 1001 Glen Burnie, MD 21061...