How Do I File For Chapter 13 Bankruptcy?
If you plan to file for chapter 13 bankruptcy in Maryland, the first thing you need to do is hire a Maryland bankruptcy attorney. The bankruptcy process can be extremely complicated, and frustrating to manage on your own. An attorney with bankruptcy expertise can guide you throughout the entire process. To begin chapter 13 bankruptcy proceedings, you will need to file a petition with your nearest bankruptcy court. You will also need to file additional forms, such as:
- A schedule of current asset expenditures
- A statement of financial affairs
- A copy of any debt repayment plan developed through credit counseling
- Evidence of payment from employers, if any, received 60 days before filing
- A statement of monthly net income or expenses after filing
- As well as other necessary paperwork.
Once all of your forms have been submitted correctly, then you will have to attend a confirmation hearing. This is where the court will confirm your plan to repay your debts. Once your repayment plan is confirmed, your debts will be discharged, and you will begin the process of paying off your debts according to your newly created repayment plan. Under the terms of chapter 13, you will then submit your monthly payments to a bankruptcy trustee, and no longer have to communicate with creditors or financial institutions.
If you have insurmountable debts and are considering Chapter 13 bankruptcy protection, you may want to know what the process involves. To learn more, read our article Bankruptcy: An Overview of Chapter 13
If you are facing a personal financial crisis such as the need to declare bankruptcy in Maryland, don’t exacerbate the problem by seeking the services of a so-called bankruptcy “sweatshop” or bankruptcy mill. The Maryland bankruptcy attorney team at Vijayan Law Group isn’t interested in churning out as many cases in a month as possible. Instead, we focus on providing personalized bankruptcy help that is unique to your situation and needs. Contact us today for a free 30 minute consultation – 410-449-0893.
Related posts:
- Bankruptcy: An Overview of Chapter 13 (Part B)
- Should I File For Bankruptcy In Maryland?
- Reasons to Use Chapter 13 Bankruptcy Instead of Chapter 7 Bankruptcy
- Bankruptcy: An Overview of Chapter 13 (Part A)
