The short answer is “Probably yes” and this is true whether you live in Maryland, Delaware or Virginia.
When you see that paying bills the next month may not be doable, it is only natural to ask yourself if you qualify for bankruptcy. You should consider filing for bankruptcy when facing an inability to pay personal bills, even when you’re able to pay your current bills. Bankruptcy laws don’t take into consideration whether you are current or not current in paying your personal bills. A bankruptcy court:
•Considers what your income and expenses are to decide whether you qualify to file for Chapter 7.
•Checks whether you’ve listed all assets and all creditors.
•Sends a notice to creditors about your bankruptcy filing.
If nobody objects to your bankruptcy case, the court discharges all debts. For more information, read Should I File for Maryland Bankruptcy if I Can’t Pay Bills Next Month?
If you have questions about whether or not you qualify for bankruptcy, please pick up the phone and call me at 410-484-9000. I’d love to hear from you.
