Financial hardships can impact you at any moment, without warning, and for various reasons. This can hold true even if you have been diligent in preparing for possible difficulties by saving and practicing responsible spending habits. Although often stigmatized in our society, bankruptcy can serve as a powerful means to completely transform your financial circumstances and chart a course for a new financial direction. This may come as a surprise to you, especially if you have hit financial rock bottom.
Bankruptcy is a legal procedure intended to provide you with assistance when facing challenges. It does this by enabling you to manage your debts and obligations via a variety of options to address financial difficulties, including debt restructuring and payment plans.
No matter if you are burdened by overwhelming credit card debt, unexpected medical bills, or the sudden loss of employment, bankruptcy offers a means to regain authority over your financial affairs and steer yourself towards a more promising financial horizon. Do not look at filing for bankruptcy as a failure. Instead, see it as a first step towards asserting control over your financial circumstances and a new, fresh future characterized by stability and security.
Based in Columbia, Maryland, with satellite offices in Annapolis, Maryland, and Towson, Maryland, the Nager Law Group bankruptcy law firm can help you understand and navigate the problems that put you in financial stress. Although a new firm, its bankruptcy law attorneys have decades of combined experience that they draw from to do this, whether you have consuming consumer debt or need a small business bankruptcy attorney. Regardless of your circumstances, Nager Law Group will provide personalized service that supports you in successfully charting a new financial course.
By enlisting a bankruptcy lawyer, you gain access to a multitude of benefits that you would otherwise forego if you choose to self-represent or handle your case independently outside of the courtroom.
With a skilled bankruptcy law attorney by your side, you can confidently navigate your case and avoid potential pitfalls that could jeopardize your legal standing in various crucial areas. Unfortunately, regardless of how capable you are, you simply do not have a robust understanding of the law or experience dealing with courts. This puts you at a severe disadvantage when handling a bankruptcy case in Towson, Maryland courts. We do this in the following case types.
Chapter 7 and Chapter 13 are forms of bankruptcy designed to assist individuals and businesses facing financial hardships. Chapter 7 involves liquidating assets to repay debts, while Chapter 13 enables individuals with steady incomes to develop a repayment plan over a specified duration. Our team of bankruptcy attorneys can provide personalized guidance to help you ascertain the most suitable chapter for your specific financial circumstances.
This bankruptcy option provides businesses with the opportunity to restructure their debts and maintain operations while gradually repaying creditors. It serves as a valuable tool for businesses encountering financial challenges, enabling them to reorganize their activities and emerge with greater strength and financial stability.
There is also Individual Chapter 11 Bankruptcy, which offers high-income earners burdened with substantial debt the opportunity to reorganize their financial affairs and fulfill obligations to creditors through a structured repayment plan spanning typically three to five years.
Commercial litigation is the process of resolving conflicts arising from commercial transactions involving businesses or individuals. This legal world encompasses various issues, including contract breaches, business torts, intellectual property disputes, employment conflicts, and more. Our bankruptcy lawyers can guide you in assessing whether pursuing this avenue is necessary for your specific circumstances.
Our bankruptcy lawyers also help lessen the sting bankruptcy will have on your life. For instance, renting an apartment will likely prove difficult for a few years after you file bankruptcy. This is because bankruptcy can stay on your credit report for seven to ten years but can easily be even longer if you do not partner with a bankruptcy law attorney when managing your case. We position you to succeed and ensure you take the appropriate measures to do so, including:
If you face financial hardship in Towson, Maryland, the Nager Law Group is ready to help you chart a course toward financial well-being. Call us today and take the first step. We will listen to your story and develop a strategy to help you do just that.
The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this website, in whole or in part, or communication with Nager Law Group, LLC (“the firm”) via the Internet or e-mail through this website does not constitute or create an attorney-client relationship between the firm and any person… Firm Overview
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