THE ISAK LAW FIRM

The United States Bankruptcy Court for the District of Maryland has two (2) locations:   

Baltimore Location: If you live in Anne Arundel, Baltimore City, Baltimore County, Caroline, Carroll, Cecil, Dorchester, Harford, Howard, Kent, Queen Annes, Somerset, Talbot, Wicomico, and Worcester County. 

Garmatz Federal Courthouse                                                                                                                                                                      101 West Lombard Street                                                                                                                                                                     Baltimore, MD 21201                                                                                                                                                                            (410) 962-2688

Greenbelt Location:  If you live in Alleghany, Calvert, Charles, Fredericks, Garrett, Montgomery, Prince Georges, ST. Marys, and Washington County. 

Federal Courthouse                                                                                                                                                                               6500 Cherrywood Ln
Greenbelt, MD 20770
Main Tel: 301-344-8018 

Chapter 7 case, if eight (8) years have lapsed from a prior Chapter 7 case for which the debtor has received a discharge.

Chapter 13 case every 2 years.

Chapter 7 case if six years have lapsed from a chapter 12 or chapter 13 case for which the debtor has received a discharge.

Chapter 13 case if four (4) years have lapsed from a chapter 7, 11, or 12 case for which the debtor has received a discharge. 

Time is measured from the date of the filing of the bankruptcy case not the date of the discharge. 

The value of your assets is the approximate fair market value as of the date of the filing of your petition with the Federal Bankruptcy Court.

A consumer credit report may include bankruptcy information for ten years from the time the case is filed.

Wearing apparel, books, instruments, tools or appliances necessary for the practice of any trade or profession in an amount not to exceed $5000 in value. MD Cts. & Jud. Proc. §11–504 (b)(1). 

Household furnishings, household goods, wearing apparel, appliances, books, pets, and other items held primarily for the personal, family, or household use of the debtor or any dependent of the debtor in an amount not to exceed $1000 in value. MD Cts. & Jud. Proc. §11–504 (b)(4).

Cash or property of any kind equivalent in value to $6,000. MD Cts. & Jud. Proc. §11–504 (b)(5).

Student loans cannot be discharged in a Bankruptcy unless the debtor can prove financial hardship or illness that is chronic or terminal so that the debtor is permanently disabled or handicap. These exceptions are very narrowly defined and student loans are rarely discharged.

You are allowed to retain your retirement benefits as long as they are part of a qualified retirement plan under United State Bankruptcy Code, Section 513.430.1(10)(f).

You have to pay HOA fees as long as you legally own or possess a property. If you surrender the property, the HOA fees that you owed prior to filing for bankruptcy will be discharged.  You will however be responsible for the HOA fees incurred from the time of filing until the time of foreclosure or sale.