Experienced Maryland Bankruptcy Attorneys Helping You Find Debt Relief
Last updated on June 11, 2026
Many people in Maryland, Virginia and the District of Columbia have found themselves overwhelmed by debt. Whether this is due to unexpected situations or credit card bills that quickly spiraled out of control, there is a way back to financial freedom.
Filing for bankruptcy can eliminate your debts and put you on a path toward reclaiming control over your finances. The bankruptcy attorneys at Wampler & Souder, LLC, have aided people from all walks of life to file for bankruptcy and help them become debt-free.
Contact us at 301-668-5111 to start learning about your options. Consultations are free.
Understanding Bankruptcy In Maryland
Bankruptcy law offers a way for individuals and businesses to resolve debts they cannot pay back, under the guidance of the court. If you are dealing with large debts, declaring bankruptcy in Maryland might help you find financial relief. However, it’s important to understand who qualifies and when to think about filing.
Eligibility for bankruptcy depends on the type of bankruptcy. For example, Chapter 7 bankruptcy requires passing a means test, which checks your income to see if you qualify. Chapter 13 bankruptcy is for those with regular income who can follow a repayment plan. We will discuss more about the different bankruptcy types later.
Many of our clients wonder when they should consider filing for bankruptcy. The answer depends, but in general, filing for bankruptcy may be a good choice if debts are overwhelming and other solutions have failed. Signs that it’s time to talk to a bankruptcy lawyer in Maryland might include:
- Constant calls from creditors
- The threat of losing your home
- Wage deductions
- Struggling to pay monthly bills
- Severe mental and emotional distress
Talking to a skilled bankruptcy attorney is crucial to understand your situation, look at your options and get help with the process. You can rely on our team to ensure your decision to file is informed and wise.
Chapter 7, Chapter 11 And Chapter 13: What’s The Difference?
When considering bankruptcy, you must understand the differences between Chapter 7, Chapter 11 and Chapter 13. Each type serves distinct purposes and suits different financial situations. Below is an overview of these bankruptcy chapters to help you make informed decisions.
Chapter 7 bankruptcy is also known as “liquidation bankruptcy.” It is designed to discharge most unsecured debts, offering a fresh start to individuals and businesses unable to repay their obligations.
- Discharges most unsecured debts
- Nonexempt assets may be sold to pay creditors
- Most filers keep their property due to exemptions
- Liens on secured properties like homes and cars remain
Chapter 11 bankruptcy is primarily used by businesses. It allows for restructuring debts and operations while continuing business activities.
- Involves creating a plan to repay debts over time
- Plan must be approved by the court and creditors
- Offers flexibility for complex financial situations
- Allows businesses to maintain operations
Lastly, we have Chapter 13 bankruptcy. Similar to Chapter 11, Chapter 13 is a “reorganization bankruptcy” specifically tailored for individuals with regular income.
- Repayment plan spans three to five years
- Ideal for catching up on secured debt payments
- Eliminates certain liens that Chapter 7 cannot
- Suitable for those who fail the Chapter 7 means test
Again, each type of bankruptcy has unique benefits and requirements. Consulting with our team can help determine the best option for your unique financial situation.
Common Bankruptcy Questions Answered
Will I lose all my property?
No, exemptions allow you to keep essential property. Discuss specifics with your bankruptcy attorney.
Can I get rid of mortgage liens?
In Chapter 13, secondary mortgage liens can be removed if the first mortgage exceeds the property’s value.
Can I reduce my car payment?
Potentially, if the car loan payoff exceeds its value, and depending on the bankruptcy type filed.
What debts can I get rid of?
Most, including some taxes. Debts like alimony, child support and student loans are typically nondischargeable.
Will I lose my job?
Legally, you cannot be fired solely for filing for bankruptcy.
Does bankruptcy affect security clearance?
Generally, bankruptcy does not affect security clearance. However, unpaid debts might pose a risk.
Will bankruptcy affect my spouse?
Only if both file jointly; otherwise, the nonfiling spouse’s credit remains unaffected.
What does bankruptcy do to my credit?
It impacts credit but can improve over time as debts are discharged and judgments are eliminated.
Can creditors still collect money?
No, once you file, creditors must cease collection efforts.
Does bankruptcy stop wage garnishment in Maryland?
Yes. When you file, the court issues an automatic stay. This temporarily halts most collection activities by creditors, including wage garnishments.
Many of these answers are general advice, which might not apply to everyone’s situation. For more tailored guidance, reach out to one of our experienced bankruptcy attorneys today.
Is Bankruptcy The Right Choice For Me?
Many people worry that filing for bankruptcy signifies a failure on their part. They would prefer to try to get out of debt on their own.
However, while this might seem noble, in many cases, it simply isn’t possible. The more debt you have, the more interest you will have to pay on that debt. Unless you can pay a large amount toward your debt at once, you will continue to owe a significant amount that keeps growing.
Getting a second (or third) job is not practical for many people, and while cutting expenses is useful, some expenses, such as housing, food and other essentials, cannot be eliminated. Bankruptcy is a way to eliminate debt and let individuals once again get their finances under control.
With bankruptcy, you can eliminate your debts, stop foreclosure proceedings, remove liens, stop wage garnishment and no longer have creditors and collections agencies hound you about your debts. Our lawyers can help you determine if Chapter 7, Chapter 11 or Chapter 13 is the best in your situation.
How Wampler & Souder, LLC, Can Help You Find Relief
At Wampler & Souder, LLC, our bankruptcy attorneys offer tailored guidance with a client-first approach. We have a proven track record of assisting clients in overcoming financial challenges, thanks to our deep knowledge of both federal and Maryland-specific bankruptcy regulations.
Furthermore, we prioritize your needs by fostering strong client relationships through personalized attention and open communication. From the first consultation to case resolution, our team is dedicated to understanding your concerns and keeping you informed at every stage.
We have offices in Silver Spring, Frederick and Upper Marlboro, strategically located to ensure accessible legal support for residents statewide. Choose our firm to regain control of your financial future.
Contact Us Today For A Free Consultation
Contact Wampler & Souder, LLC, for more information and a bankruptcy consultation with an experienced bankruptcy lawyer. Call us at 301-668-5111 or email us your contact information to get started.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.