At Broumas Law Group in Maryland, we understand the burdens that overwhelming debt can place on you and your family. Our experienced bankruptcy attorney and staff are here to help you regain control of your financial life, ensuring you can continue to provide for your loved ones.

The concept of debt forgiveness is not new; it's deeply rooted in many traditions and philosophies. From ancient texts like Deuteronomy 15:1-2 in the Bible, which speaks of a "release" every seven years, to the Quran's guidance in Sura Al-Baqara 2:280 about easing repayment in times of difficulty, the idea of a financial reset has long been recognized. Bankruptcy, in modern times, serves this same purpose, offering a legal pathway to start anew when financial commitments become unmanageable.

Bankruptcy isn't just about escaping debt; it's about protecting your future. When financial hardship forces you to choose between paying bills or caring for your family, bankruptcy provides a legal solution to prioritize your well-being. With careful planning and our expertise, you can navigate this process without losing your home, car, or other essential possessions. Our team at Broumas Law Group is dedicated to guiding you through this journey with compassion and professionalism.

At Broumas Law Group in Maryland, we understand the burdens that overwhelming debt can place on you and your family. Our experienced bankruptcy attorney and staff are here to help you regain control of your financial life, ensuring you can continue to provide for your loved ones.

The concept of debt forgiveness is not new; it's deeply rooted in many traditions and philosophies. From ancient texts like Deuteronomy 15:1-2 in the Bible, which speaks of a "release" every seven years, to the Quran's guidance in Sura Al-Baqara 2:280 about easing repayment in times of difficulty, the idea of a financial reset has long been recognized. Bankruptcy, in modern times, serves this same purpose, offering a legal pathway to start anew when financial commitments become unmanageable.

Bankruptcy isn't just about escaping debt; it's about protecting your future. When financial hardship forces you to choose between paying bills or caring for your family, bankruptcy provides a legal solution to prioritize your well-being. With careful planning and our expertise, you can navigate this process without losing your home, car, or other essential possessions. Our team at Broumas Law Group is dedicated to guiding you through this journey with compassion and professionalism.

Q: How will bankruptcy affect my credit score?

A: Contrary to common belief, filing for bankruptcy can often lead to an improvement in your credit score. This is because once your case is filed, creditors must stop reporting your accounts as delinquent.

Q: Will I lose my house or car if I file for bankruptcy?

A: With proper preparation and by staying current on your mortgage and car payments, it's highly unlikely you'll lose your home or vehicle. At Broumas Law Group, we'll evaluate your situation to ensure your assets are protected before proceeding.

Q: Can I buy a house after bankruptcy?

A: Typically, after two to three years, your credit score should recover enough to qualify for FHA financing, helping you achieve homeownership despite a previous bankruptcy.

Q: What about buying a car after bankruptcy?

A: Yes, you can finance a car soon after receiving your discharge. In some instances, you might even secure a car loan shortly after filing, depending on the lender's policies.

Q: Will I still be able to get student loans after bankruptcy?

A: Federal law prevents student loan providers from discriminating against you for filing bankruptcy, ensuring your educational opportunities remain open.

Q: Can I be discriminated against by my employers for filing bankruptcy?

​A: No, federal law protects you from discrimination by both government and current private employers due to bankruptcy or pre-bankruptcy insolvency.

Q: How will bankruptcy affect my credit score?

A: Contrary to common belief, filing for bankruptcy can often lead to an improvement in your credit score. This is because once your case is filed, creditors must stop reporting your accounts as delinquent.

Q: Will I lose my house or car if I file for bankruptcy?

A: With proper preparation and by staying current on your mortgage and car payments, it's highly unlikely you'll lose your home or vehicle. At Broumas Law Group, we'll evaluate your situation to ensure your assets are protected before proceeding.

Q: Can I buy a house after bankruptcy?

A: Typically, after two to three years, your credit score should recover enough to qualify for FHA financing, helping you achieve homeownership despite a previous bankruptcy.

Q: What about buying a car after bankruptcy?

A: Yes, you can finance a car soon after receiving your discharge. In some instances, you might even secure a car loan shortly after filing, depending on the lender's policies.

Q: Will I still be able to get student loans after bankruptcy?

A: Federal law prevents student loan providers from discriminating against you for filing bankruptcy, ensuring your educational opportunities remain open.

Q: Can I be discriminated against by my employer for filing bankruptcy?

​A: No, federal law protects you from discrimination by both government and current private employers due to bankruptcy or pre-bankruptcy insolvency.