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Unsecured Debt - Unable to pay 2nd or 3rd mortgage?
Do you owe a 2nd or 3rd mortgage? If you cannot pay your bills you may be wondering if Bankruptcy is an option for you. Bankruptcy can be a new hope for a lot of people unable to pay their bills. Bankruptcy can give good people a new start that have had a string of bad luck. Bankruptcy can stop the creditors from calling and even freeze the foreclosure process. Did you know that Bankruptcy can help you eliminate unsecured debt? Under Maryland's Bankruptcy laws you are able to eliminate unsecured debt such as a 2nd or 3rd mortgage payment.
Chapter 13 Bankruptcy and Unsecured Mortgage Debt
If you file Chapter 13 Bankruptcy in Maryland you are able to completely remove any mortgage that is unsecured. How much is your 2nd or 3rd mortgage? Perhaps that payment amount is the difference between keeping your house and loosing it? Bankruptcy Laws are there to help people get back on their feet. Contact our firm to find out if Bankruptcy is right for you.
Receive a free consultation with a Maryland Bankruptcy Lawyer
See also What types of debt does bankruptcy NOT cover?
Differences between Chapter 7 and Chapter 11
Garnishment and Maryland Law
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