Skip to Content Top
Salisbury Bankruptcy

Salisbury Bankruptcy Attorney

Debt is a heavy burden, especially when struggling to make ends meet. If you’re financially overwhelmed, bankruptcy may be a viable option for relief. At Sanchez Garrison & Associates, our Salisbury bankruptcy attorneys are dedicated to helping individuals and families venture through this process smoothly.

With more than 50 years of combined experience, we have helped thousands of clients in the area successfully file for bankruptcy and gain a fresh start. Let us provide you with the compassionate support and strategic thinking you need to start over the right way.

Contact us today at (410) 406-7372 to book a consultation with our team.

When Is Bankruptcy a Good Idea?

Bankruptcy is not right for everyone, but it can be an effective solution for those facing serious debt. Our team can review your financial situation and help you determine if filing for bankruptcy is a good option for you.

Bankruptcy may be a good solution if you’re facing the following:

  • Mounting medical bills
  • Unpaid credit card debt
  • Foreclosure
  • Repossession
  • Wage garnishment
  • Debt collectors calling you regularly

If you’re facing any of these issues, our team can help you understand your options and determine if bankruptcy is your best solution.

Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy

Individuals typically file two types of bankruptcy: Chapter 7 and Chapter 13. Each has its own criteria and requirements, and our attorneys can assist you in determining the most suitable option for your financial situation.

Chapter 7 bankruptcy is typically the better option for those with little to no income and few assets. The process generally takes about four to six months.

To qualify for Chapter 7, you must first pass the bankruptcy means test. This test compares your average monthly income to the median income for a household of your size in Maryland. If your income is less than the median, you automatically qualify for Chapter 7. If your income is higher, you must complete the test to determine eligibility.

Chapter 7 is called “liquidation” bankruptcy because non-exempt assets are sold to pay off creditors. However, many people who file for Chapter 7 do not have any non-exempt assets, so they can keep all their property. Once the bankruptcy is discharged, most debts, including credit card debt, medical bills, and personal loans, are eliminated. However, certain debts, such as student loans, child support, and back taxes, cannot be discharged.

Chapter 13 bankruptcy is best for those with a steady income who want to keep their property. The process typically takes three to five years.

Under Chapter 13, your debts are reorganized into a more manageable repayment plan. You make one monthly payment to the bankruptcy trustee, who then distributes the funds to your creditors. The amount you pay each month is based on your income and expenses, and the length of the plan will depend on your income as well. Once you complete the repayment plan, the remaining unsecured debts are discharged.

Unlike Chapter 7, you don’t have to worry about losing any of your property in Chapter 13. You can keep your home and vehicle, and the bankruptcy can even stop foreclosure and repossession. If you’re behind on mortgage or car payments, they can be included in the repayment plan.

What Does the Bankruptcy Filing Process Look Like?

The bankruptcy process can be complex and confusing, especially if you’re unfamiliar with the law. At Sanchez Garrison & Associates, we can help you understand your rights and options and the pros and cons of filing. We’ll guide you through every step of the process and help ensure all necessary paperwork is filed correctly and on time. Our team can also help you determine which type of bankruptcy is best for you and how to maximize your debt relief.

The bankruptcy process typically involves the following steps:

  • Complete credit counseling. Before filing for bankruptcy, you must complete a credit counseling course. This can usually be done online or over the phone, taking about an hour. Once you complete the course, you’ll receive a certificate that must be filed with the court.
  • Complete the bankruptcy petition. This is a series of forms that asks for information about your income, assets, debts, expenses, and more. Our team can help you complete the petition and ensure all information is accurate and complete.
  • File the bankruptcy petition. Once the petition is complete, it must be filed with the appropriate bankruptcy court. You’ll need to pay a filing fee of $338 for Chapter 7 and $313 for Chapter 13. If you can’t afford the fee, you can request to pay in installments or have it waived altogether.
  • Attend the 341 meeting. About a month after you file for bankruptcy, you’ll need to attend a meeting of creditors, also known as a 341 meeting. This is a relatively informal meeting, and the bankruptcy trustee appointed to administer your case will ask you a series of questions about your petition. Our attorneys will be there to represent you and ensure that your rights are protected.
  • Complete a debtor education course. After the 341 meeting, you must complete a debtor education course. This is similar to the credit counseling course and can usually be done online or over the phone. Once you complete the course, you’ll receive a certificate that must be filed with the court.
  • Receive your bankruptcy discharge. You'll receive your bankruptcy discharge within four to six months after filing for Chapter 7. This means that the court has eliminated your dischargeable debts. In Chapter 13, you’ll need to complete the repayment plan before receiving your discharge.
Continue Reading Read Less

A Five-Star Experience Read Our Reviews

    "Very professional, friendly, reassuring, and honest."

    Very professional, friendly, reassuring, and honest. From the first day, we contacted them with our problem, they made us ...

    - James J.
    "We going to have a start fresh. This firm is awesome."

    I totally recommend Sanchez Garrison lawyers they were really helpful and understanding of our situation. We going to have a ...

    - Nicky D.
    "Our lawyer has been truly a blessing to our family."

    Our lawyer has been truly a blessing to our family, after the pandemic hit we lost our jobs and with that mostly everything. ...

    - Lilli R.
    "These people will take care of you."

    I worked specifically with Mr. Chambers. This was a process that was met with professionalism and empathy. If you have the ...

    - Ashley F.
    "I now have a financial fresh-start in life. Thank you!"

    Thank you Sanchez Garrison & Associates, but more specifically Timothy Chambers, Esq., a fellow veteran who virtually held my ...

    - J. C.
    "The whole law firm was outstanding. I would call on these lawyers anytime."

    First time going through bankruptcy I was totally lost and didn't know what to do. So I took a wild pick and called Joshua he ...

    - Gerald A.
    "Mr. Sanchez did exactly what we discussed, and returned my calls if I needed to speak to him."

    Mr. Sanchez did exactly what we discussed, and returned my calls if I needed to speak to him. The case was finished in the ...

    - Glenn A.
    "Awesome service!!!"

    Awesome service!!! Rita,Timothy and Alex are wonderful through the whole process. Highly Recommend. Thank you guys so much!

    - Jen S.

Get A Fresh Start

Contact Us Today
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy

Why Choose Us?

  • Focused & Dedicated to Only Handle Bankruptcy Cases
  • More Than 50 Years of Experience
  • Top-Rated Maryland Law Firm
  • Everything Can Be Done Virtually in the Comfort of Your Home
  • We Handle Cases Throughout the Entire State of Maryland