Copyright © 2011 by Law Offices of Frank E. Turney, P.A. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement.
Our law firm represents clients in Baltimore and other Maryland cities including, but not limited to, Catonsville, Woodlawn, Baltimore City, Ellicott City, Reisterstown, Owings Mills, Randallstown, Towson, Cockeysville, Arbutus, Lansdowne, Columbia, Parkville,
Rosedale, Perry Hall, Pikesville, Essex, Elkridge, Severna Park and Glen Burnie, Rockville, Olney, Ft. Meade, College Park,
and in Baltimore County, Howard County, Anne Arundel County, Prince George’s County and Montgomery County.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
Law Offices of
Frank E. Turney, P.A.
If you are on the verge of bankruptcy, you don’t need to be afraid. But you do need to take action. The first thing you should do is contact an attorney who fully understands the new bankruptcy law and has the experience required to help you. Call today or use the Contact Us link to tell us about your situation.
We represent clients in Baltimore and throughout Maryland.
Call today: 410-788-8830
Owning your own home is a dream come true for most people, but for others it can turn into a financial nightmare. Are you behind on your mortgage payments and afraid you may lose your home? Or, are you drowning in credit card debt and being hounded by collection agencies? Contact the Law Offices of Frank E. Turney, P.A., in Baltimore, MD. We know how to help.
One thing that distinguishes our law firm from other bankruptcy firms is the personal attention we give everyone who contacts us for help. Even before deciding whether to accept a bankruptcy case, our attorney does a detailed analysis, at no charge to the potential client. Once we understand the nature of the case and how much work will be involved, we are able to explain the options and quote a reasonable fee with payment options.
Changes in the New Bankruptcy Law
In 2005, Congress totally revamped the country’s bankruptcy system. There are many pitfalls in the new system that can lead to real problems. The best way to avoid them is to choose an experienced bankruptcy attorney who can help you understand your options, and your obligations, under the law.
• All debtors are now required to get credit counseling before they can file for bankruptcy.
• Some debtors with higher incomes are no longer allowed to file for Chapter 7 bankruptcy.
• A person’s eligibility for Chapter 7 is based , in part, on his or her median income as set by the IRS. If you are under the median level, there is an assumption that you are not abusing the system. Above the level triggers a complex formula to determine your options.
• A person filing for Chapter 7 or Chapter 13 bankruptcy protection must show proof of income by providing federal income tax returns for the previous years, as well as pay stubs and other income sources.
• The new law makes additional demands of lawyers. Fro example, lawyers must personally vouch for the accuracy of all the information their clients give them.