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Some Information About Bankruptcy Law Firm

Oct 12

The Phillips Law Offices is a full-service bankruptcy law firm that has proudly served Greenbelt, MD, residents for many years. Our team of experienced bankruptcy attorneys in Greenbelt, MD has helped countless individuals and families get back on their feet financially, and we are here to help you too. There are many different types of bankruptcy that our firm can help you with, including Chapter 7, Chapter 11, and Chapter 13. No matter what your unique financial situation may be, we will work with you to find the best solution for your needs. We understand that the decision to file for bankruptcy is not an easy one, but we are here to help make the process as smooth and stress-free as possible. We will guide you through every step of the process, from filing the initial paperwork to attending the court hearing.



When struggling with debt, it’s easy to feel like you’re all alone. But you’re not. In fact, according to the American Bankruptcy Institute, over 790,000 people filed for bankruptcy in 2019. The cost of a bankruptcy lawyer depends on a few factors, such as the type of bankruptcy you file, the state you live in, and the complexity of your case.

 

To better understand what you can expect to pay, we’ve compiled a list of average Bankruptcy Attorney Greenbelt fees from across the country. Keep in mind that these are only averages, and your actual fees may be higher or lower. There are two types of bankruptcies that individuals can file: Chapter 7 and Chapter 13.

 

Chapter 7 bankruptcy is also known as liquidation bankruptcy. It’s the most common type of bankruptcy filing, and it’s what most people think of when they think of bankruptcy. With Chapter 7, you’ll be required to sell your assets in order to pay off your debts. Any assets exempt from selling (such as your home or car) will be protected. Chapter 13 bankruptcy is also known as a reorganization bankruptcy. It’s less common than Chapter 7, but it’s an option for people who don’t qualify for Chapter 7 or want to keep their assets. With Chapter 13, you’ll be required to reorganize your debts and create a repayment plan. You’ll make payments to your creditors each month, and any remaining debt will be discharged at the end of the repayment period.

 

The type of bankruptcy you file will have a big impact on the cost of your bankruptcy lawyer. Chapter 7 bankruptcy lawyers typically charge a flat fee, while Chapter 13 bankruptcy lawyers usually charge an hourly rate. The state you live in can also affect the cost of your bankruptcy lawyer. This is because different states have different laws and requirements regarding bankruptcy. And as a result, Bankruptcy Lawyer Greenbelt and Debt Relief Lawyer Greenbelt in different states charge different rates. For example, according to Thumbtack, the average cost of a bankruptcy lawyer in California is $1,500, while the average cost of a bankruptcy lawyer in Texas is $3,500. Contact us if you need to hire a Greenbelt Bankruptcy Attorney or Greenbelt Debt Relief Lawyer.

 

The Phillips Law Offices

6301 Ivy Ln #700-A, Greenbelt, MD 20770

(301) 494-4250

https://phillipslaweast.com