Baltimore Bankruptcy Attorney, Daniel M. Radebaugh, Offers Bankruptcy Advice to Locals

Dan Radebaugh, Esq., the managing member of Law Office of Daniel M. Radebaugh LLC, possesses expertise in various areas, including bankruptcy and real estate. In 2003, he graduated from the University of Baltimore School of Law cum laude and since 2006, he has been working in the area of real estate. In the past few years, he has branched out into other areas, including bankruptcy law. End Quote

Baltimore, MD (1888PressRelease) July 28, 2012 - Dan Radebaugh, Esq., who has 15 years experience in the real estate industry, offers much needed services in the area of bankruptcy. Over the past five years, millions of people in the U.S. have filed for either Chapter 7 or Chapter 13 Bankruptcy. In 2011, there were close to 1.5 million bankruptcies filed in the U.S. Although those filing for bankruptcy are not required to utilize a lawyer, many do.

Attorney Radebaugh observes, "My real estate expertise has been useful in working with bankruptcies since one of the biggest concerns anyone has when it comes to bankruptcy is their ability to keep their home. Although it's not necessary to retain a lawyer when you file for bankruptcy, we can help on various levels, including advising on whether someone is a candidate for Chapter 7 or 13." Radebaugh adds, "As an example, the means test needs to be applied properly so that individuals file properly."

The means test that Attorney Radebaugh refers to is applied by the court, but those petitioning for bankruptcy need to first determine if they file under either Chapter 7 or 13. Those who file for Chapter 13 Bankruptcy must pay back most of their debt, while those who file under Chapter 7 see most of their debt discharged.

Using the test, you subtract specified monthly expenses and debts you'd repay under Chapter 13 from your income. Once that is done, you're able to determine if you can repay your debt through Chapter 13. If the test indicates you can repay your debt, then you cannot file Chapter 7. The other manner in which someone may qualify for Chapter 13 rather than 7 is if they earn more than the median income.

"One of the most important things," said Attorney Radebaugh, "that anyone needs to do when filing for bankruptcy is to make sure that they are thoroughly prepared for their court date. All documentation must be in place and paperwork complete, including debts, income and assets." He added, "This is one area where our knowledge and efficiency can save a client time and relieve frustration."

Dan Radebaugh, Esq., serves as the managing member of Law Office of Daniel M. Radebaugh LLC, which is located in Baltimore County, Maryland. His focus includes real estate, bankruptcy, corporate and civil litigation. After graduating from the University of Baltimore School of Law in 2003 cum laude, he served as a real estate associate with the global law firm of Ballard Spahr Andrews & Ingersoll, LLP in its Baltimore office and a litigation associate with the law office of Goodell, DeVries, Leech & Dann LLP. During this time, he drafted contracts and loan documents and negotiated and settled several million dollars of real estate transactions. In 2006, he went out on his own and a few years ago created his present office.

For more information on Dan Radebaugh and the Law Office of Daniel M. Radebaugh LLC go to http://www.radebaughlaw.com/default.html . The Law Office Of Daniel M. Radebaugh LLC. is located at 809 Gleneagles Court, Suite 119, Towson, MD 21286 and may be reached via phone at (443) 268-0741 and through email at info ( @ ) radebaughlaw dot com dot Office Hours are Monday through Friday 9:00 AM - 5:00 PM or by appointment dot

http://www.radebaughlaw.com/

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