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You may want to consider a chapter 13
bankruptcy. I will explain.
As an individual, there are two types of bankruptcy available. A Chapter 7
and a Chapter 13. There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, judgments and personal loans. It would be an opportunity for a fresh financial start. However, you may have to surrender assets, if any, that exceed your exemption. You specifically stated you do not want to give up your belongings
A Chapter 13 bankruptcy is a repayment plan
for an individual. It may require that you repay some of your unsecured credit card debt
over a 3 -5 year period. However, you may retain assets that exceed your exemption.
Here are the exemptions for Maryland:
I think this is what you wanted to know. Please let me know if I have answered your question or whether you would like further information