Maryland Chapter 7 Bankruptcy Filing Laws

Under Chapter 7 bankruptcy the debts can be discharged by asset liquidation. An appointed trustee sells all the assets other than the ones which fall under Maryland Exemption. The proceeds of the sold assets are then used to pay the creditors in accordance with the provisions of the Bankruptcy Code. One needs to be eligible to file for bankruptcy under Chapter 7, to know if you are eligible to file for Chapter 7 Bankruptcy, call Holmquist & Dickerson, the best Maryland Bankruptcy Lawyers on 410-692-5315 today.