Are you worried about debt or being harassed for payment? When you file for bankruptcy, you will receive an automatic stay from all collection activities during the bankruptcy process. The automatic stay will stop creditor calls and prevent creditors from wage garnishing, filing liens, foreclosing on liens and seizing collateral or property.
At the Law Office of Walsh, Becker, Moody & Rice, we help people and businesses file for bankruptcy. Speak with our Bowie bankruptcy attorneys to find out how we can help you.
Under Chapter 7 bankruptcy, many of your debts are discharged, which means you will not have to repay them. Examples of dischargeable debt include credit card debt, medical bills and unsecured loans. To qualify for Chapter 7, your income must be below the median for a household of your size in Maryland. Any assets kept in this type of bankruptcy must be paid as originally agreed.