Chapter 13 Bankruptcy

Maryland Debt Relief Lawyer
Chapter 13 Bankruptcy Services in Rockville and Greenbelt

Chapter 13 bankruptcy is almost as straightforward as Chapter 7 bankruptcy, and offers some unique advantages.

For instance, it can bring fast solutions when you are underwater on your home. It is a key tool in immediately preventing foreclosure. And, perhaps most importantly, Chapter 13 allows you to retain all property.

In Chapter 13 bankruptcy, filers work with the bankruptcy court to pay down debt through a court-approved payment plan. Chapter 13 payment plans are usually affordable for filers and usually last for three or five years. At the end of the payment plan, all debts associated with the plan are considered paid.

If you have questions regarding debt relief, the halting of creditor harassment and the filing of Chapter 7 bankruptcy or Chapter 13 bankruptcy, the Rockville and Greenbelt, Maryland, law firm of ROWE BARNETT PLLC can provide experienced help. Call our office at 1-888-340-7583.

Chapter 13 bankruptcy protection is useful in a broad range of financial circumstances:

  • Are you “underwater” on your mortgage?
  • Do you owe income taxes?
  • Are you behind on your mortgage payment?
  • Do you have a second or third mortgage, and can no longer afford to pay your combined monthly mortgage payments?

Through Chapter 13 bankruptcy protection you can reduce payments, reduce debt and discharge unsecured debt.

One relatively new development regarding Chapter 13 bankruptcy is the discharge of second mortgages, including the 20 percent mortgage of a “80/20” mortgage. It works like this; second mortgages are “secured” debt because they are attached to property. But if your home has lost value so that its value no longer “covers” the value of the second mortgage, the second mortgage is no longer secured. This mortgage can now be discharged in a process often called lien stripping. For answers to all of your debt, lien and Chapter 13 bankruptcy questions, contact our attorney team for a free initial consultation.

Contact Us

For experienced Chapter 13 bankruptcy and asset protection legal help, contact ROWE BARNETT PLLC. We provide payment plans and a military discount. We are also available for evening appointments, and speak Korean, Spanish, Urdu, Punjabi and Hindi. Our main office in Rockville is five minutes from the White Flint Mall. To contact us, call our office at 1-888-340-7583.

We are a federally designated debt relief agency by Congress under the United States Code.