Author Box
Articles Categories
All Categories
Articles Resources

Rules, Guidelines and Tips for Filing Bankruptcy in Maryland

March 23, 2012 | Comments: 0 | Views: 152

While bankruptcy is federally legislated, filing bankruptcy in Maryland and in other states is different in terms of specific local regulations, codes and requirements. Not only that, but all Maryland bankruptcy lawyers will tell you that codes are frequently updated and revised, making it challenging for the average individual to try to handle on their own. Here's a quick guide to some of the regulations and rules for filing bankruptcy in Maryland.

So, just how much different can filing bankruptcy in Maryland be compared to other states and districts? The handy PDF guide from the District of Maryland United States Bankruptcy Court website, MDB.USCourts.Gov, is 186 pages in length. That's a nearly impossible collection of specifications, rules and guidelines for anybody to sort through on their own, and that's why the experience, expertise and intimate knowledge of the code of seasoned Maryland bankruptcy lawyers is so crucial.

There are certain key points in terms of eligibility though that are easier to understand. One key difference in different locales is the amount of property or assets eligible to be protected. When filing bankruptcy in Maryland, an individual is generally allowed to protect up to $12,000 of property. Married couples can double that to $24,000.

Depending on personal circumstances, there may be different allotments, but that's the standard. However, if you have not lived in Maryland for at least two years prior to filing, you may not be eligible for these exemptions at all.

It's also important to know the straight fees involved when filing bankruptcy in Maryland. To file Chapter 7 bankruptcy in Maryland, for example, there's a petition fee of $306, and Chapter 13 carries a petition fee of $281. All motions, appeals, documentation requests and other filings carry their own additional fees however. Many Maryland bankruptcy lawyers include these fees in what you pay to them, while others may tack it onto their charges for handling your case.

Another useful guideline is the time frame that you can expect your case to be handled in. Generally, a discharge when filing Chapter 7 bankruptcy in Maryland will be entered within 90 days of filing the petition, while the case will remain open for six months, according to the Maryland State Bar Association.

Ultimately, working with Maryland bankruptcy lawyers will be the best way to make the proceedings go as smoothly as possible, while ensuring that your best interests are protected. Filing bankruptcy in Maryland can be handled on your own, but Maryland bankruptcy lawyers are well versed in all of the latest regulations, the specific codes and requirements, and the exact processes involved to make sure that a favorable outcome is achieved.

When you're ready to find a high quality, affordable bankruptcy attorney in Maryland, visit the Law Offices of Brandon Bernstein, LLC, at You'll be able to rest easy with a bright, secure financial future when you choose Mr. Bernstein's firm to help you as your new Maryland bankruptcy lawyers.

This article does not represent legal advice or an attorney-client relationship. Always consult with an attorney before making any legal or financial decisions.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Filing Bankruptcy In Maryland


Maryland Bankruptcy Lawyers

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 560

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 303

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 288

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 300

There are many differences between filing for bankruptcy protection under Chapter 13 than under Chapter 11. A Chapter 13 reorganization is a much more streamlined process. Creditors do not vote on

By: Ryan C Woodl Finance > Bankruptcy Tips Advicel April 26, 2012 lViews: 202

One of the main reasons for the high divorce rate is financial difficulties. While most couples have disagreements about money, for many the problems and the blame for them can get out of hand,

By: Kristie Brownl Finance > Bankruptcy Tips Advicel April 26, 2012 lViews: 199

The question of whether a creditor is a considered an "insider" in a bankruptcy case is an important distinction. When you repay one creditor and not others, it is considered a "preference" because

By: Kitty Linl Finance > Bankruptcy Tips Advicel April 24, 2012 lViews: 157

Ever since the release of the phenomenon called the Internet, it seems that before people go to see a professional, they will take the time to look it up online. Don't get me wrong, the Internet can

By: Bob P Jonesl Finance > Bankruptcy Tips Advicel April 12, 2012 lViews: 170

Over the years, the bankruptcy code has taken on a new complexity that makes it almost imperative that an individual has the help of a bankruptcy attorney to file. It is true, that it is one's legal

By: Bob P Jonesl Finance > Bankruptcy Tips Advicel April 12, 2012 lViews: 143

There always seems to be anincrease in crime when the economy is not doing well. Whether it is increase of violent crimes like muggings and burglaries or white-collar crimes like embezzlement and

By: Kitty Linl Finance > Bankruptcy Tips Advicel April 10, 2012 lViews: 177

Discuss this Article

comments powered by Disqus