Getting Out Of Debt

Millions of Americans struggle with debt, whether it's in the form of credit card bills, medical costs, mortgage payments or some combination. Many people find their income barely keeps up with their expenses. A sudden setback, such as a job loss, illness or injury, can throw them into deep trouble. Unpaid balances gather interest and grow into insurmountable debt.

If you are in this situation, it's important to know that there is help available. A lawyer with experience in debt relief can help you find the best ways to get your debt under control.

At the Bel Air, Maryland, office of Dianne Moorehead Hughes, Attorney at Law, we help people find a financial fresh start through debt relief methods such as Chapter 13 and Chapter 7 bankruptcy. Each method has its advantages and disadvantages, and its own set of requirements, so it is important to know the differences.

Understanding Chapter 13

When you file for Chapter 13 bankruptcy, you are protected from your creditors while you pay down your debts through a repayment plan. If all goes according to plan, the court will eliminate much, or all, of your remaining debt at the end of the protection period, which lasts from three to five years.

Because Chapter 13 requires you to pay down your debts, this form of bankruptcy protection is intended for people who have a source of income.

Understanding Chapter 7

Chapter 7 is the fastest and most effective way to get out of debt. It typically takes just a few months, after which most, or all, of your debt will be eliminated.

However, there are many eligibility requirements you must meet before you can file for Chapter 7. You must also sell some of your assets in order to pay off creditors.

Call Us Today

The sooner you start eliminating your debt, the better. Contact
Dianne Moorehead Hughes, Attorney at Law, today to learn about your options. Call us at 410-838-1300 or send us an email.

Dianne Moorehead Hughes, Attorney at Law, represents clients in Harford and Baltimore counties, and throughout the surrounding area.

In addition to debt relief, we also help clients with estate planning, probate and other matters.

Dianne Moorehead Hughes, Attorney at Law, is a debt relief agent. The law office helps clients file for bankruptcy through the U.S. Bankruptcy Code.