Is your home in danger of foreclosure? Facing the loss of your home can feel like the hardest situation imaginable, but you don't have to face it alone. Protecting your remaining assets is what's most important right now, and for many Maryland residents, bankruptcy offers the fastest, most effective way to secure a better future. Call (443) 545-3023 or fill out our brief form for a free consultation from our experienced team.

Why Chapter 13 Bankruptcy Can Save Your Home

When your home is at risk of foreclosure, you need an option that offers immediate relief. While you may have a large number of bills or are withdrawing your retirement funds to pay debt, the immediate priority is protecting your home.

The most common chapters of bankruptcy include Chapter 7, 11, and 13, and we'll be happy to walk you through the whole process to get you on a fresh start. For homeowners facing foreclosure, Chapter 13 is often the key.

• ‍Chapter 13 - The Wage Earner's Bankruptcy: This chapter saves your home from foreclosure. It gives individuals a 3 or 5-year repayment plan to catch up on missed mortgage payments and other debts.
• Chapter 7 - Liquidation Bankruptcy: Helps individuals whose income is less than the median for a family their size in your state. It does not require a repayment plan, but it liquidates property and then distributes it.
• Chapter 11 - Reorganization Bankruptcy: Most often sought by large businesses, but also helps small businesses and individuals. This allows you to repay debt over a set period while staying in charge of business operations and keeping you in your home.

Who It Helps & How

• Chapter 13 - The Wage Earner's Bankruptcy: This chapter saves your home from foreclosure. It gives individuals a 3 or 5-year repayment plan to catch up on missed mortgage payments and other debts.
• Chapter 7 - Liquidation Bankruptcy: Helps individuals whose income is less than the median for a family their size in your state. It does not require a repayment plan , but it liquidates property and then distributes it.
• Chapter 11 - Reorganization Bankruptcy: Most often sought by large businesses, but also helps small businesses and individuals. This allows you to repay debt over a set period while staying in charge of business operations.