LAUREL, MD LAWYER
Attorney James F. Carmon II
I've been a practicing attorney since 2013. I've represented residents of Laurel, Maryland in chapter 7 bankruptcy cases, chapter 13 bankruptcy cases, traffic ticket cases (DUI/DWI, reckless driving, driving while license suspended), and District Court criminal cases. I assist residents of Laurel, Maryland with drafting Wills and Power Of Attorney. I also represent residents of Laurel, Maryland with administering estates after someone dies and their assets need to be passed onto heirs.
To schedule a free consultation call me at the number below and ask for James.
CHAPTER 7 BANKRUPTCY
Chapter 7 bankruptcy is the simplest and most common form of bankruptcy. In a Chapter 7, if a debtor has assets that aren't protected by an exemption, a chapter 7 trustee may sell the assets and distribute the net proceeds to creditors according to the priorities established in the bankruptcy Code. It is important to have an attorney file your bankruptcy from the beginning, instead of filing your bankruptcy without an attorney and risking a chapter 7 trustee selling your assets.
An individual's eligibility to file Chapter 7 is also determined by the "means test". The means test determines if a debtor qualifies for bankruptcy based on the amount of people in the household and the total of household income. Some debtors with high income may not qualify for Chapter 7 and will have to file a Chapter 13. With the assistance of an experienced bankruptcy attorney, most people who desire to file chapter 7 can do so.
CHAPTER 13 BANKRUPTCY
Chapter 13 Bankruptcy is a reorganization of debts. Most chapter 13 filing are for debtors that are behind on payments for secured debt and desire to keep these secured items such as houses and vehicle. Chapter 13 is also for debtors that aren't eligible for chapter 7 because their income is too high pursuant to a chapter 7 "means test". Also chapter 13 can be used to protect assets that are non-exempt that would likely be sold by a chapter 7 trustee. Debtors need an experienced chapter 13 attorney to create a chapter 13 payment plan to repay creditors a certain amount during a certain time period.