Local Bankruptcy Attorney Based in Upper Marlboro, MD

Attorney Kobi O. Smith proudly served our country as a Judge Advocate General (JAG) Officer in the United States Army Reserve. As a JAG Officer, he advocated on behalf of military personnel in both the United States and abroad. Kobi brings over fifteen years of legal experience, with a particular focus on bankruptcy cases. Attorney Smith can assist you to stop wage garnishments, hold off debt collectors, and stop pending lawsuits by filing for Chapter 7 bankruptcy. By filing for Chapter 13 bankruptcy, attorney Smith can help you pay past-due mortgage debts over time to prevent foreclosure; keep valued assets such as a car, house or boat; pay other debts and loans over time; stop collection efforts; and prevent new collection actions from starting. You can then work to cure defaults and repay debts through a Chapter 13 wage earner repayment plan. Get help from a local bankruptcy attorney in Upper Marlboro, MD today!

Chapter 7

Under Chapter 7 bankruptcy, many of your debts are discharged, which means you will not have to repay them. Examples of dischargeable debt include credit card debt, medical bills, and unsecured loans. To qualify for Chapter 7, your income must be below the median for a household of your size in Maryland. Any assets kept in this type of bankruptcy must be paid as originally agreed.

Chapter 13

Instead of discharging most of your debt, Chapter 13 restructures debt into a repayment plan of either three or five years. The monthly payments on your loans can be lowered. You will be able to continue making payments. Chapter 13 bankruptcy is a good option if you want to keep your house or your car. Chapter 13 bankruptcy is for people with income above the median income in Maryland for a household of their size; small proprietary businesses may also be eligible.

Chapter 11

This type of bankruptcy allows individuals and businesses to file a reorganization plan within 120 days from filing bankruptcy. After the plan is approved, the debtor will repay some of its obligations and discharge other debts. Businesses may be allowed to discontinue some contracts and leases. Chapter 11 bankruptcy is available for sole proprietors, businesses, partnerships, and corporations. It can also be used by an individual who is over the debt limit for Chapter 13.


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