Chapter 13 Bankruptcy Attorney in Oxon Hill, MD

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Chapter 13 Bankruptcy Attorney in Oxon Hill, MD

Understanding Chapter 13 Bankruptcy in Oxon Hill, MD

Facing financial hardship can be overwhelming. At the Law Office of Rowena N. Nelson, LLC, we understand the complexities of Chapter 13 bankruptcy and are dedicated to helping residents of Oxon Hill, MD, navigate this challenging process.


What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, often called a wage earner’s plan, allows individuals with regular income to develop a plan to repay all or part of their debts. This process involves a repayment plan over three to five years.


Advantages of Chapter 13 Bankruptcy

  • Stop foreclosure. Chapter 13 can halt foreclosure proceedings and may allow you to catch up on missed mortgage payments.
  • Debt consolidation. It consolidates your debts into one monthly payment plan.
  • Protection of assets. Unlike Chapter 7, Chapter 13 typically allows you to keep your property.
Chapter 13 Bankruptcy Attorney in Oxon Hill, MD
Chapter 13 Bankruptcy Attorney Oxon Hill, MD

The Role of a Chapter 13 Bankruptcy Attorney

Our attorneys at the Law Office of Rowena N. Nelson, LLC assist with:

  • Evaluating your financial situation. We help determine if Chapter 13 is the best option for your unique financial circumstances.
  • Developing a repayment plan. We assist in creating a feasible repayment plan that the court will approve.
  • Filing your case and documentation. Our team ensures all necessary paperwork is filed accurately and on time.
  • Representation in court. We provide representation during court hearings and in negotiations with creditors.


The Chapter 13 Bankruptcy Process in Oxon Hill, MD

  • Initial consultation. An assessment of your financial situation to determine the suitability of Chapter 13 bankruptcy.
  • Filing the petition. Filing the bankruptcy petition with the court, which implements an automatic stay on debt collections.
  • Repayment plan submission. Creating and submitting a repayment plan for court approval.
  • Confirmation hearing. Attending a hearing where the court reviews and approves your repayment plan.
  • Plan execution and completion. Making regular payments according to the plan, leading to discharge of remaining eligible debts upon completion.

Why Choose the Law Office of Rowena N. Nelson, LLC?

  • Client-centric approach. We prioritize our clients’ needs and work diligently to achieve the best possible outcome.
  • In-depth legal knowledge. Our team has extensive experience in bankruptcy law, offering reliable advice and effective solutions.
  • Commitment to success. We are dedicated to guiding our clients to a stable financial future.


Frequently Asked Questions Chapter 13 Bankruptcy


Q: How long does Chapter 13 bankruptcy take?

A: Chapter 13 repayment plans typically span three to five years.

Q: Will Chapter 13 bankruptcy affect my credit score?

A: Chapter 13 bankruptcy will impact your credit score but can be a step toward rebuilding your financial stability.

Q: Can I keep my house and car under Chapter 13 bankruptcy?

A: Yes, Chapter 13 bankruptcy generally allows you to keep major assets like your home and car.


Begin Your Financial Recovery Journey

If you’re considering Chapter 13 bankruptcy in Oxon Hill, MD, the Law Office of Rowena N. Nelson, LLC is here to help. Our compassionate and knowledgeable team will guide you every step of the way—contact us today.

Oxon Hill, MD Chapter 13 Bankruptcy Attorney