Bankruptcy is complex. That's why we're here. When results matter, protecting you is what we do best.
No one should have to live with overwhelming debt. No matter the extent of your financial difficulties, relief options are available. Bankruptcy can help you manage, reduce, and eliminate seemingly insurmountable levels of debt. Filing can also help you avoid the worst consequences of collection actions, including foreclosure, repossession, and wage garnishments.
At The Belmont Firm, we are committed to helping Washingtonians secure fresh starts. Our Washington D.C. bankruptcy lawyer is ready to help you save your home, escape crushing credit card debt, and regain financial freedom.
Our team understands that filing for bankruptcy can seem intimidating or overwhelming. We have a complete understanding of the nuances of the bankruptcy process and can leverage our local and institutional knowledge to secure the debt relief you need.
Maurice “Mac” VerStandig is the managing partner of The Belmont Firm and focuses his practice on counseling individuals and companies in all manner of bankruptcy cases. He is known as a detail-oriented, aggressive, and unconventional litigator who utilizes the unique tools and remedies furnished by the bankruptcy process to secure a fresh start for his clients in need of relief from various debt obligations.
We are a client-driven firm that brings a team approach to each of our cases. We know that everyone who comes to us for help has unique needs, and we work closely and diligently with each of our clients to form a plan tailored to their individual situation. Our Washington D.C. bankruptcy attorney is compassionate to the challenges our clients face and is prepared to explore every available debt relief solution.
Several types of bankruptcy are available, and each has its own set of procedures and requirements. We can help determine which type of bankruptcy you are eligible for and what strategy is likely to yield the best results.
The bankruptcy process provides numerous forms of powerful debt relief. When you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, you will benefit from the automatic stay, a court order that stops all collection actions. This means that imminent or ongoing foreclosures, repossessions, and wage garnishments must cease. Upon completing any type of bankruptcy, you will be typically be permitted to “discharge” – or eliminate – unsecured debts, including credit card debt, medical debt, unpaid utility bills, and personal loans.
Our Washington D.C. bankruptcy lawyer can assist you with:
- Chapter 7 Bankruptcy. If you have little to no means of repaying your debts, you will likely qualify for this type of bankruptcy. In a Chapter 7 bankruptcy, you will “liquidate” nonexempt assets to partially repay creditors. We can help you “exempt” many types of property and minimize the impact of liquidation. Many filers lose little to nothing.
- Chapter 11 Bankruptcy. This type of bankruptcy is primarily used by businesses, but individuals can also qualify under certain circumstances. Chapter 11 bankruptcy involves a thorough reorganization of debts, obligations, and assets. Businesses are generally able to continue to operate throughout the process. Our team can help you develop a reorganization plan that works to
- Chapter 13 Bankruptcy. If you continue to have reliable income but cannot keep up with your bills, Chapter 13 bankruptcy may be right for you. The process involves submitting and confirming a reorganization plan that consolidates your debts and obligations into a single monthly payment. The payment amount will be based on your current ability to pay, not the size of your debt. Most plans last between three and five years.
- Student Loan Debt Relief. It is challenging – but not impossible – to discharge student loan debt through bankruptcy. Accomplishing this type of debt elimination requires filing an adversary proceeding at the conclusion of a bankruptcy case and demonstrating that having to pay your student loan debt would constitute an “undue hardship.” We can help you file the necessary paperwork and build a persuasive argument.