Catonsville, Maryland
920 Frederick Rd.
Catonsville, MD 21228

3 Ways Filing for Bankruptcy Can Help Those in Financial Distress October 24, 2018

Catonsville, Baltimore County
3 Ways Filing for Bankruptcy Can Help Those in Financial Distress, Catonsville, Maryland

Filing for bankruptcy can be a much-needed lifesaver for those drowning in unmanageable debt. But the subject is rife with misconceptions, and many people may not even realize the extent of the benefits it provides. Below is a brief guide to how the process helps individuals find financial relief and reclaim their futures.

How Filing for Bankruptcy Can Help

1. Reinstate a Driver's License or Renew the Car Registration

bankruptcyIn the state of Maryland, when one falls behind on certain payments such as motor vehicle administration penalites, they risk having their driver's license revoked or their car registration renewal denied. Fortunately, petitioning for bankruptcy can remedy both these situations. As soon as you file, you can fill out the appropriate paperwork at the DMV to have a license or registration reinstated. Bring proof of the bankruptcy filing. Any outstanding fees may not discharge but you will be able to get back your license. 

2. Start Anew With a Clean Financial Slate

Chapter 7 bankruptcy eliminates most types of unsecured debt, like credit card balances, medical bills, and past-due rent. Other kinds, such as student loans, child and spousal support, and government-related fees, and taxes may not discharge. However, starting over and owing considerably less is a significant step in the right direction.

3. End Creditor Harassment

Creditors can go to great lengths to recoup money, ranging from merely inconvenient to borderline harassing and life-disruptive contact. As soon as you file for bankruptcy, the law requires them to stop all such action against you. If they persist, refer them to your lawyer and refuse to discuss anything further. This will restore a sense of serenity and privacy.


Start experiencing the benefits of bankruptcy by reaching out to the Law Offices of Frank E. Turney, P.A. Since 1993, this trusted legal team has been serving Baltimore County, MD, in bankruptcy law cases, offering quality legal guidance and representation through every step of the process. Call (410) 788­-8830 to set up a free consultation with a seasoned attorney. Visit them online for more information about their background and expertise in this and other practice areas.

Other Announcements, Events and Deals from Law Offices of Frank E Turney, P.A.
4 Signs It's Time to Consider Filing for Bankruptcy, Catonsville, Maryland
Bankruptcy might not seem like an appealing choice, and in many cases it is not, but it can sometimes be the best choice.  Bankruptcy may be the only way to rebuild more
Can I File a Personal Injury Claim From a Dog Bite?, Catonsville, Maryland
Many homeowners have furry family members who are trained to act accordingly when they’re introduced to new people. However, there may be an instance when a dog feels the urge more
Can Pedestrians Injured in Accidents File a Personal Injury Claim?, Catonsville, Maryland
Every year, over 5,000 pedestrians are killed in traffic accidents, and countless more are seriously injured. If you were hit, you may be able to file a personal injury claim more
What Are the Advantages of a Chapter 13 Bankruptcy?, Catonsville, Maryland
Job losses, medical emergencies, and other temporary financial problems can leave you behind on your mortgage, car loans, and other pressing payments. Even if you have the income to more
Free Consult: Dealing with Creditors during Shutdown, Catonsville, Maryland
Hopefully the Federal Government Shutdown will end quickly, but in an effort to assist anyone who has been furloughed by the Federal Government,The Law Offices of Frank E. Turney, more