Chapter 13 bankruptcy is sometimes referred to as a “personal reorganization bankruptcy.” It allows individuals to restructure their debt, often at a discount, and create a payment plan, usually lasting three to five years. At the end of the payment plan, the person has all their remaining debts discharged with some exceptions, such as mortgage loans.
With the new bankruptcy laws, more people are filing for Chapter 13 bankruptcy relief. Similar to Chapter 7 bankruptcy, Chapter 13 also stops creditor harassment, collection agency action, and foreclosure and repossession proceedings. The new Chapter 13 bankruptcy laws are complex, and you should consult with an attorney to ensure you are receiving sound advice, as well as ensure that your bankruptcy filing conforms to the new rules.
Experienced Chapter 13 Bankruptcy Attorneys
With two convenient locations in Rockville and Greenbelt, and plenty of parking, Laura Margulies & Associates, LLC provides Chapter 13 bankruptcy services* for individuals throughout Maryland and the Washington, D.C., area.
Our bankruptcy attorneys have more than 20 years of experience. Ms. Margulies has impeccable credentials, including clerking for a bankruptcy judge and lecturing for legal professionals on bankruptcy law, and she is sought after by reporters and journalists for her expertise in bankruptcy law. In addition, she has authored numerous publications on bankruptcy law and has extensive courtroom experience handling bankruptcy issues. Please read the Bankruptcy FAQs article for a more detailed discussion of Chapter 13.
* We have been designated a Debt Relief Agency by Congress under the United States Code, and we proudly help people file for bankruptcy relief under the Bankruptcy Code.