Bankruptcy Lawyers in Baltimore Help You Regain Your Financial Freedom

by | Aug 26, 2013 | Bankruptcy

Sometimes, debt happens, and it happens in such a way that it swamps your ability to keep up with it. When you get to that point, you feel trapped and stressed due to being unable to keep up with your obligations. You are also unable to move forward with anything because you are trying to keep up with old debts and the like. Reaching this point means you are ready to talk to bankruptcy lawyers in Baltimore about your options to become debt free again.

It is true that bankruptcy eliminates almost all of your debts. There are some that do survive, such as child support payments and alimony. However, all of your other debt is eligible to be discharged in bankruptcy through what is known as a permanent injunction. This includes credit cards, a car payment if you can’t afford the car anymore and even a mortgage if you so desire. You are able to walk away from the debts, legally, without ever looking back. And, once you get discharged, you can start rebuilding your credit and get back on your feet again.

In the event that you would like to keep some of your secured assets, such as a car or a home, you can use bankruptcy to negotiate. This is something best done by a lawyer as a legal expert understands how to use bankruptcy as a negotiating tactic. In a sense, bankruptcy puts the lender into a position it doesn’t necessarily want to be in. It does have the right to file a request to be relieved from the filing, but it still has to work with you regardless. It’s best to let your lawyer take care of this so you can take the time to make other plans for living arrangements if needed.

Bankruptcy puts you back in control of your life. No more having to try to stay one step ahead of your creditors. Instead, you become debt free, free of harassing phone calls and letters, and free to move on with your finances without worry. Your creditors are barred from ever contacting you gain for life, giving you permanent relief from it all.
Visit Law Offices of Frank E. Turney, P.A. to know more about bankruptcy lawyers in Baltimore.

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