Chad Edward Cos LLC
A Baltimore bankruptcy, divorce and personal injury attorney with more than 18 years of experience.
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Make a plan for your financial future even when you have debts

Being in debt can become a hopeless feeling when it gets to the point where the minimum payments are taking up most of your income. Just making ends meet can be a huge challenge. In some cases, it is impossible. If you are at the point where you think that all is lost, it is time to sit down and try to make a plan for your financial future.

Mounting medical debt might require bankruptcy

One of the main reasons people in this country file for bankruptcy is medical debt. Unfortunately, this isn't something that is easily avoided unless you never seek medical care for anything. It surprises some people to know that even patients with good insurance might end up in financial trouble because of medical bills. When you have mounting medical bills that you can't pay by the due date, you will have to come up with a plan for taking care of them.

The automatic stay greatly benefits bankruptcy filers

One of the benefits that people who file for bankruptcy look forward to is the automatic stay. There is almost nothing as stressful as a creditor coming to you to find out when you are going to pay a bill. They might get pushy and start demanding that you send in money -- even though you can't give them something that you don't have!

Life's circumstances might lead you into financial challenges

Most adults make good financial decisions, but there are times when life's circumstances don't allow you to do this. Things like the unexpected loss of a job or medical crisis can lead to some challenging financial decisions. While you can't control those situations, you will have to be the one to cope with the resulting bills. We are here to work with you to determine which chapter of bankruptcy might be the answer to your money troubles.

Think about how bankruptcy can help your finances

Bankruptcy is something that shouldn't be taken lightly, but it isn't something that you should ignore if you need to seek financial relief. There are many reasons why you might need to file for this protection. One is that you can rest easier when you check the mail or answer the phone because the court issues an automatic stay when you file your bankruptcy petition.

Repayment is part of a Chapter 13 bankruptcy

Filing for Chapter 13 bankruptcy means that you are going to have to make regular payments to a bankruptcy trustee who will divide those between your creditors. The payments will last three to five years. For the duration of the case, you will have to live off only the remaining income you have because you can't take on new credit while you are in the midst of a bankruptcy.

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