How to File Bankruptcy in Maryland

To Get the Most out of Bankruptcy, Avoid Mistakes

For most people, bankruptcy represents a rare opportunity to relieve debt pressure and get rid of old debts while enjoying the protection of federal law. In order to make the most of this opportunity, however, it's essential to understand what's expected of you in bankruptcy. The advice of an experienced attorney can help you avoid the mistakes that could result in dismissal, conversion, or denial of your discharge.

Call (866) 654-2003 or (301) 637-0412 to consult with a Maryland bankruptcy lawyer

Now with offices in Rockville, Frederick and Laurel, the law firm of Steven E. Mirsky, LLC, has helped thousands of people through bankruptcy for more than 30 years. Our detailed knowledge of the Bankruptcy Code can help you avoid the mistakes that could defeat the purpose of your Chapter 7 or Chapter 13 case and leave you worse off than you were before you started.

Here are some suggestions to keep your case error-free and help you take maximum advantage of the rights you have under bankruptcy law:

• Get your financial records organized before you meet with your lawyer. You have to give the bankruptcy court accurate schedules of debts, assets, income and expenses. The better your records are, the more complete your bankruptcy relief will likely be.
• If you're thinking about filing for bankruptcy soon, be careful about what debts you're paying and incurring. Don't use your credit cards. Don't repay relatives or business partners. Transactions shortly before a bankruptcy case starts are examined more carefully for signs of fraud or preferential treatment of creditors.
• Don't transfer property out of your name unless it's an arm's-length sale for fair value. Giving your boat to your brother-in-law to keep it away from your creditors could land you in big trouble.
• Be straight with your attorney. No matter how bad your situation is, we're sure we've seen worse. Our ability to help you depends on having complete and accurate information about your finances.

In our experience, bankruptcy cases that get off to a smooth start usually end up smoothly as well. Call the law firm of Steven E. Mirsky, LLC with any questions about debt repayments or transfers of property before your case is filed. Contact us at any of our three locations for dependable advice based on long experience.