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Frequently Asked Questions for Bankruptcy

Question Answered for Maryland Bankruptcy

The Bankruptcy process can be complicated which can make filing Bankruptcy difficult to make. There are a lot of questions that are usually asked when people normally consider filing Bankruptcy. The Soubra Law Firm has collected some of the questions and answers that are normally asked by clients as seen below.

As your Frederick Bankruptcy Chapter 7 and Chapter 13 Attorney, the Law Firm is here to serve Frederick, Montgomery, Washington, and Carroll Counties as well as the remaining Maryland area. The Firm would like to be your Bankruptcy Chapter 7 and Chapter 13 Lawyer.

Why Should I Retain a Bankruptcy Attorney?

First of all, you should need an attorney who practice in area and practice in your locality. When not having an attorney to file for Bankruptcy, you can find yourself in a precarious situation when confused on a particular topic as well as you may lose some assets or having your case dismissed unintentionally. The Bankruptcy law is very complicated and requires you to fill out difficult legal documents even though what some websites state that you can do in on your own. Every person is not the same and may fall into a pitfall that you are not able to get out of on your own. The internet website will not be there to help you when you need help the most.
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How Many Years does Bankruptcy Show on Your Credit History?

Normally, Bankruptcy shows on your credit history within 10 years. However, if Bankruptcy appears on your credit report, it does not mean that you will not obtain credit. This is like a financial history to show the creditors how your payment history. If you are diligent in putting your credit rating in line, what happened to you in the past would weigh less against you. You must pay your bills on time in order to improve your credit scores. You should not max out any credit lines available to you. If you want to make a large purchase such as a home or a car, you should put down a substantial down payment.
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Why do People File Bankruptcy as Often?

There are people who do everything correct and still request bankruptcy protection under Federal laws. The most common reason for filing bankruptcy is easy access to credit. For the past decades, it has been easier to obtain credit and the availability of credit is much greater than before. Rising long-term unemployment or unavailability of good paying jobs have risen which makes it difficult for people to live on a daily basis. People are living paycheck-to-paycheck and do not have additional funds to pay their bills. Also, there is an increase in rents and car payments in the area leaving people little or no savings to pay their bills, so bankruptcy protection is a logical step to help them maintain the bills in order to live to pay what is necessary. Many people cannot afford health insurance, so they are unable to pay the medical bills when they a medical emergency such as a heart attack, stroke, cancer, car accident, and other things that occur at an instant. Medical bills and credit card bills make up on or around 90% of the debt when people filing bankruptcy protection. As opposed to seeking legal help, people continue to borrow and become more in debt. Sometimes there only option is bankruptcy, and you are not alone. Call the Soubra Law Firm or e-mail us, so we can assist you.
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How Much Debt do I Need to File Bankruptcy?

This is up to the particular person. There are factors depending on your expenses and income. It depends on how much you can pay back, age, job stability, health problems, and family needs. As a good bankruptcy attorney in representing in such an action, it is important that a bankruptcy attorney go over each situation with and discuss your option. Ultimately, how it affects you in the long term. The Soubra Law Firm can assist in a Bankruptcy filing. You can e-mail us or call us today for a fee case evaluation.
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Client Reviews

Very courteous when I inquired about representation.

Cessaly D. Hutchinson

I was recently involved in an automobile accident which resulted in my car being declared a total loss. In addition, I spent some time receiving medical care. Following an attempt to seek compensation from the responsible party’s insurance company, I realized that I needed to obtain legal help to...


Helped me fight some bogus case that md didn't have jurisdiction over and he's very friendly and approachable oh and did I mention affordable? Best lawyer I've met in a long time!!!!


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