Montgomery County Bankruptcy Law Attorney

Sometimes, Filing For Bankruptcy Is The Best Option

Many people are concerned about filing for bankruptcy because it damages their credit. However, if you are already heavily in debt, it is likely that your credit is already sufficiently damaged, so filing for bankruptcy won't do much more damage or may actually improve your credit in the long run. Creditors will see that you are able to pay your bills on time and that you have resolved your financial issues.

At The Diamond Law Group, LLC, we sit down with you to discuss your financial situation and strategize about the best options available to you to deal with your debt. We determine what you own and what you owe. Our Montgomery County bankruptcy law attorney will explain all of your available options and educate you about what would work best for you. If there are alternatives to filing for bankruptcy in your case, we let you know what those are and how they will affect you in the short term and over the long run. Our goal is to find the right solution for you.

Silver Spring Chapter 7 Bankruptcy Attorney

We handle the following forms of bankruptcy:

  • Chapter 7 bankruptcy — The fastest way to eliminate debt, this form of bankruptcy commonly takes between four and six months to complete and eliminates all unsecured debt. In many cases, you are able to keep your belongings.
  • Chapter 13 bankruptcy — This is used primarily by people who want to keep a property, such as a house, to create a three- to five-year repayment plan in order to catch up on payments that are in arrears. At the end of the payment period, the remaining debt is discharged.
  • Chapter 11 bankruptcy — This is used primarily by small businesses and corporations to reorganize their debt load and trim expenses to become profitable again.

It is important to note that alimony and child support are not dischargeable through bankruptcy. However, payments in arrears may be paid back through bankruptcy.

Our Maryland lawyer will help you determine which of these options will suit your situation and will help you gather the information required to file the bankruptcy petition. He will be by your side through the entire process. Our goal is to get you a fresh start on your financial future.

Call 301-565-5258 To Schedule Your Free Initial Consultation

Call us or send us an email to schedule a time where we can sit down and discuss your situation. We are available evenings and weekends by appointment. We offer flexible payment plans and accept credit cards with approval.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.