Hyattsville, Maryland, is a suburb of Washington, DC, located in Prince George’s County. From its beginning in 1845, when Christopher Clark Hyatt purchased land to start a town near the Baltimore & Ohio Railroad tracks, it has grown to a city of over 17,000. Once a farming community, it is now a bustling Beltway suburb. The city has a proud historic legacy, with three sites on the National Registry of Historic Places and a historic district designated in 1982. Its neighborhoods feature many Victorian houses built in the late 19th century and early 20th century bungalows and houses built in the Arts & Crafts style. Hyattsville has recently experienced a spur in development and growth, with big expansions in residential and retail areas. And, as with many other areas of the country during this economic crisis, Hyattsville residents and businesses unfortunately also have their share of financial troubles.
A financial calamity can hit the citizens and businesses of Hyattsville at unexpected times. Anything from an economic downturn to a serious illness can cause drastic changes in one’s financial situation. There are a number of ways to address financial problems, but bankruptcy can be one of the more effective solutions. How a person’s belongings will be treated in bankruptcy is a major source of confusion for those considering filing, as no one wants to risk losing indispensable property. The law allows for the exemption of certain types of property from sale, and it is crucial to understand what property these exemptions cover. A Hyattsville bankruptcy attorney can educate and guide you through the process.
The bankruptcy system operates at the federal level, governed by laws passed by Congress. However, individual states determine what property is exempt from sale during bankruptcy. Like other states, Maryland has its own set of exemption rules, and a diligent Hyattsville bankruptcy lawyer can help you to preserve as much of your property as possible. Your attorney must be thoroughly familiar with bankruptcy in Maryland. By law, certain assets are absolutely protected from sale, giving you some peace of mind that you will not lose everything.
The Law Office of Edward Gonzalez is located at 6301 Ivy Lane, Suite 700, Greenbelt, Maryland 20770. From Hyattsville, head north on Baltimore Avenue and turn right on Highway 410. After about one mile, turn left on Highway 201 (Kenilworth Avenue). Once on Kenilworth, go about three miles and turn left on Ivy Lane. Our office will be a little less than a half-mile down on your left.
If you are considering bankruptcy or even if you do not know whether bankruptcy is an option for you, you should seek the advice of an experienced Hyattsville bankruptcy lawyer. Attorney Edward Gonzalez has successfully represented many individuals and businesses in Maryland during more than 20 years in law practice. To schedule a consultation and begin planning your future, contact the firm today.