Get Control Over Your Debt
When you are struggling with debt, it can feel like you are all alone. In fact, millions of Americans have gone through the same experience. You don’t have to face it by yourself. Get help from a lawyer with experience in debt relief so you can make your way to a healthier financial future.
At my office, The Law Firm of Sharon M. Donahue, P.A., in Ocean City, Maryland, I help people with many issues in debt relief, including:
- Wage garnishment
- Credit card debt
- Mortgage relief
- Medical debt
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
I help people understand their options and choose the path that is right for them to get out of debt.
Chapter 7 And Chapter 13
There are many ways to reduce your debt and return to financial health. All of them require careful planning, and it’s a good idea to speak to a debt relief attorney about any plan you choose.
For many people, filing for bankruptcy protection is the fastest and most effective option to get out of debt. As soon as you file, your creditors must stop harassing you, as you are protected from collections while you work through the requirements.
The two major forms of personal bankruptcy are known as Chapter 7 and Chapter 13. Each has its own requirements, advantages and disadvantages. Understanding how they work, and how they may help, is essential.
For those who qualify, a Chapter 7 bankruptcy can eliminate most types of debt within three to five months. Chapter 7 requires you to sell some assets in order to pay your creditors, but there is a long list of exemptions, including household goods and a car. With professional help, you can make Chapter 7 work for you and your family.
Chapter 13 takes longer than Chapter 7, but can be a very good option for many people whose debt has outpaced their income. Essentially, Chapter 13 requires you to develop a repayment plan. If you are able to keep up with the plan, most types of debt can be eliminated within three to five years.
For Debt Relief And Family Law
In addition to debt relief, I also help clients with divorce and family law, including cases where the two practice areas are intertwined.
To learn more about how to get control over your debt and return to financial health, call my office at 443-856-6264. You can also send an email. For clients considering bankruptcy, I provide an initial consultation at no charge.
The Law Firm of Sharon M. Donahue, P.A., is a debt relief agent. We help people file for bankruptcy protection under the U.S. Bankruptcy Code.