Chapter 7 Bankruptcy
How Does Chapter 13 Bankruptcy Work in Maryland?
Chapter 7 bankruptcy (often called liquidation or straight bankruptcy) is designed to eliminate most of your unsecured debts—such as credit cards, medical bills, and personal loans—giving you a fresh financial start. In the vast majority of Maryland cases, exemptions allow you to keep your home, car, and personal belongings.
At the Law Office of Albert Coto, LLC, we understand the stress of constant creditor harassment and impending garnishments. Filing for Chapter 7 immediately activates a federal court order known as the automatic stay. This order legally stops:
- Creditor phone calls and lawsuits.
- Bank account levies.
- Wage garnishments in Maryland.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
