I acquired services from Mike Broumas at a very difficult time in my life and he made that time significantly better for me. Bankruptcy is never a desired result, but sometimes there is no workable alternative. Mr. Broumas was understanding, thorough and efficient. I filed in May and had my discharge by mid September of the same year. His fee plus the court filing costs totaled less than $1200. There were no missteps along the way. I highly recommend him.
Michael Broumas is the best bankruptcy lawyer I know.. I met him during hard time. I was in the middle of a divorce and my ex-husband was trying to make as much trouble for me as possible. Mr. Broumas explained how I can deal with the mess I had and the process of bankruptcy was very smooth. Mr.Broumas went to court for me and made me feel comfortable. I kept all my assets and got a fresh start. I have seen Mr. Broumas in court. He is brilliant and effective. Meeting of Creditors took less than 10 minutes! I was so stressed out before I met attorney Broumas. He made me feel I can start over again free of debt and free of stress. I give Mr. Broumas my highest recommendation.
Chapter 7 Bankruptcy allows a debtor to discharge most debts. The process takes about 4 months to complete but you get relief immediately once the case is filed. Creditors are required to stop all collection efforts, all lawsuits, garnishments and even temporarily a foreclosure. Usually you get to keep most of your things including cars and houses ( depending on the amount of equity). Once the case is done your credit score tends to recover and over time improve.
Chapter 13 Bankruptcy is a 36 to 60 month partial payment plan. The Plan is income based and allows the Debtor to use the payment plan to catch up back payments on a mortgage. Chapter 13 also in some cases lets you cram down or lower the amount of the debt on a car or strip off a second mortgage. Because the plan is income based at the end of the plan the remaining unpaid unsecured loans and credit cards are discharged. Let our Maryland Bankruptcy Lawyer restructure your debt.
Chapter 11 is a business reorganization. It is much more complicated than a restructuring under Chapter 13 . It is usually used to restructure business entities (corporations, LLC or partnerships.) Chapter 11 can be used for an individual but because of the cost it is normally not practical. Chapter 11 does not have a set term. A plan can provide a payoff of debt over many years. It also does not have a debt limitation as does Chapter 13.
J.Michael Broumas has over 35 years experience in all aspects of consumer and business bankruptcy. Mr. Broumas started his career clerking for bankruptcy judge Thomas James in Chicago. He worked at a Wall Street Law firm and has been in his own practice since 1998.
At Broumas Law Group we undestand clients are under tremendous stress dealing with financial hardship. We can help relieve that stress and help to get a fresh start.
This review is from a person who hired this attorney.
| Hired Attorney
Great Lawyer
I acquired services from Mike Broumas at a very difficult time in my life and he made that time significantly better for me. Bankruptcy is never a desired result, but sometimes there is no workable alternative. Mr. Broumas was understanding, thorough and efficient. I filed in May and had my discharge by mid September of the same year. His fee plus the court filing costs totaled less than $1200. There were no missteps along the way. I highly recommend him.
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Posted by Maria | July 1, 2016
This review is from a person who hired this attorney.
| Hired Attorney
The best bankruptcy lawyer
Michael Broumas is the best bankruptcy lawyer I know.. I met him during hard time. I was in the middle of a divorce and my ex-husband was trying to make as much trouble for me as possible. Mr. Broumas explained how I can deal with the mess I had and the process of bankruptcy was very smooth. Mr.Broumas went to court for me and made me feel comfortable. I kept all my assets and got a fresh start. I have seen Mr. Broumas in court. He is brilliant and effective. Meeting of Creditors took less than 10 minutes! I was so stressed out before I met attorney Broumas. He made me feel I can start over again free of debt and free of stress. I give Mr. Broumas my highest recommendation.
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Response from J. Michael BroumasJuly 2, 2016
I am glad I could help you. If you have any questions in future please don't hesitate to call our office.
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