A MARYLAND TRUSTED BANKRUPTCY ATTORNEY

Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcies can generally be described as "liquidations" or "reorganizations."

Chapter 7 bankruptcy is the liquidation variety: If you own property that isn't exempt under your state's laws, it may be taken and sold ("liquidated") to pay back some of your debt. Chapter 13 bankruptcy is the most common type of "reorganization" bankruptcy for consumers: You get to keep all of your property, but you must make monthly payments over three to five years to repay all or some of your debt.

Both kinds of bankruptcy have numerous rules -- and exceptions to those rules -- about what kinds of debts are covered, who can file, and what property you can and cannot keep. With years of experience Richard Hackerman can help. Call me today for a FREE consultation at 410-243-8800.

"A BALTIMORE TRUSTED BANKRUPTCY ATTORNEY"

Note:The Information you obtain at this site is not intended to be legal advice. You should consult an attorney for advice regarding your own situation.

The material on this website is for general informational purposes only. It is not legal advice nor provided in the course of an attorney-client relationship. As a result, Richard J. Hackerman, P.A. and Richard J. Hackerman, are not responsible for any information contained on or omitted from this website or any site hyperlinked to this website.