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Melehy & Associates LLC

Practice Areas
Choose the expert and experienced bankruptcy attorneys at Melehy & Associates to help you with filing for bankruptcy under Chapter 7 as well as Chapter 13. We serve residents from all across Maryland and District of Columbia. Residents from Montgomery, Prince George's, Charles, Howard, Anne Arundel, Caroline, Dorchester, Queen Anne's, Somerset, Talbot, Wicomico, and Worcester Counties. We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

Bankruptcy Laws Explained
Bankruptcy law provides a 'way out' option for the indebted individual, completely incapable to pay back his debt. The law allows the insolvent individual to resolve his debts by dividing his remaining possessions among his creditors. As per the law this division of assets is duly supervised to ensure that the interests of all loan providers are considered equally. Usually after such division of the assets, the debtors are discharged of their debt even if the debt is not fully paid. In some cases the law directs the debtors to keep running their business and use their earnings to pay back their creditors.

Types of Bankruptcy Processes
Those filing for bankruptcy have the choice from two basic proceedings- Chapter 7 and Chapter 13. The most common proceeding is to file under Chapter 7, which is referred to as liquidation. Under this process, a trustee is appointed and has the duty to gather debtor's non-exempt property and sell it off to divide the sale money among the creditors.

On the other hand, filing for bankruptcy under Chapters 11, 12, and 13 directs the debtors to use their future income and revenues earned to pay off their creditors. In these proceedings too, a trustee is appointed with the duty to do a check of the debtor's assets.

A person can either choose to file for bankruptcy or sometimes the creditors also begin the process to be able to recover some of their money. However, after bankruptcy is filed debt collectors cannot hound the debtor anymore outside of the entire proceeding. The debtor also has to fulfill his obligation of not transferring property which has been declared and identified to be a part of bankruptcy proceedings by the trustee. The Bankruptcy code has certain provisions which establish the importance of creditors' benefits.

Reforms in the Bankruptcy Law
The Bankruptcy Prevention and Consumer Protection Act of April 2005 had a huge impact on the bankruptcy law. The Act specifies the new guidelines concerned the discharge or change of proceeding filed under Chapter 7 liquidations to Chapter 11 or 13. The United States Trustees Program has also been changed by the Act as it has made it mandatory for the Program to now include certification of credit counseling agencies which counsel individuals prior to them filing for bankruptcy, regulation of audits, certification of financial education and counseling agencies which inform people before their debt is dismissed.

You can smoothly sail through the bankruptcy filing process by hiring skilled and expert lawyers.

Melehy & Associates is home to the country's finest, sharpest and most skilled team of bankruptcy lawyers who will help you get a fresh chance at life by filing for bankruptcy under the U.S. Bankruptcy Code. We are headquartered in Silver Spring, Maryland, and cater to clients from Charles, Montgomery, Howard and Prince George's Counties in Washington, D.C. and Maryland.

Apart from extensive knowledge of the bankruptcy law, the law firm of Melehy & Associates have attorneys that are also skilled in employment discrimination law, labor and employment law, whistleblower law, False Claims (fraud on the government), civil rights law, family law, divorce law, real estate litigation, real estate litigation and general civil litigation.
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Call Melehy & Associates for expert legal consultation.  Call (301) 587-6364 or email us at inquiries@melehylaw.com.