While bankruptcy filings have been decreasing since 2010, there are still many people who are struggling financially. Common money problems revolve around unexpected and extensive medical bills, insurmountable credit card debt with high-interest rates, and unaffordable mortgage payments.
If you find yourself in a situation where you’re struggling with bills and have reached your limit, you may want to consider bankruptcy and what filing could mean for your future. Depending on your situation, bankruptcy could offer you a chance at a clean slate and the opportunity to build a healthy financial situation for you and your family. Filing, however, is complicated. Fortunately, our bankruptcy lawyers in Baltimore are here for you. Let’s take a look at the importance of working with a lawyer when filing for bankruptcy in Maryland.