When you find yourself drowning in debt, a Chapter 7 bankruptcy may be the life preserver you need. George R. Roles Attorney & Counselor at Law helps clients filing for bankruptcy in the Easton & Centreville, MD areas. With Chapter 7, an attorney can help you secure and protect your home and car as long as your equity in the property is exempt, and you have kept up with loan or mortgage payments.
You may not file for Chapter 7 if your total monthly income over the next 60 months is over $12,475.
Chapter 7 bankruptcy allows you to forgive a variety of unsecured debts. These debts can include:
- Child support
- Student loans
- Select tax debt
- Court fees and penalties
- Homeowners' association fees
- Personal injury debts incurred when intoxicated