Massachusetts Consumer Debt Relief Law Firm

What Is Bankruptcy?

According to the Administrative Office of the U.S. Courts :

“Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.”

Bankruptcy is also a legal process that is handled in federal courts by special bankruptcy judges. Each type, or “Chapter,” of bankruptcy has its own rules. The most common types of bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy.

Because bankruptcy can be complicated and has long-term financial and legal consequences, the Massachusetts Department of Revenue advises businesses and individuals to consult with an attorney before filing a bankruptcy petition.

Chapter 7 vs. Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 are the two types of bankruptcies available to individuals. The type of bankruptcy you choose will depend largely on your financial situation. In Chapter 7 bankruptcy, you can “liquidate” your nonexempt property and use the cash to pay off as much of your debts as possible.

If you want to hold onto nonexempt assets, or you make too much money to qualify for Chapter 7 bankruptcy, you can file for Chapter 13 bankruptcy instead. A Chapter 13 bankruptcy is also called a “wage earner’s plan,” and it allows you to pay off some or all of your debt in 3 to 5 years.

Choosing the right type of bankruptcy can be difficult, but our firm can help you make the right decision.

In the meantime, we invite you to gain a better understanding of bankruptcy law and how The Law Office of Glenn F. Russell, Jr. can help by reading through our resources and FAQ sections.

Choosing a Massachusetts Bankruptcy Lawyer

Many people question whether or not they need an attorney to file bankruptcy in Massachusetts but having an attorney will help you navigate the flood of paperwork, phone calls, and court issues that come with unmanageable debt.

If you are filing Chapter 7 or Chapter 13 bankruptcy, you should meet with several consumer bankruptcy lawyers and choose the one you like best. These attorneys focus on helping people deal with debt, so they will typically work with you to help you afford their services. Many consumer bankruptcy lawyers work within solo practices, and The Law Office of Glenn F. Russell, Jr. is no exception.

When you choose us, you will work directly with Attorney Glenn F. Russell, Jr. and our legal team will take an aggressive approach to help you achieve unparalleled results. With extensive knowledge and more than a decade of legal experience, Attorney Russel will work hard to help you get the relief you need.

With us, your case will never be passed off to a paralegal or an administrative employee, and you will not have to tumble through a bankruptcy mill.

Instead, you will get personalized legal guidance and support at every phase of your case.

What To Expect From Your Bankruptcy Attorney

At The Law Office of Glenn F. Russell, Jr. you can expect honest, relevant legal advice and answers to all the questions you may have. Your attorney will help you decide whether to file for Chapter 7 or Chapter 13 bankruptcy and know the facts of your case as well as you do. Our team has been representing clients like you since 2007, but we will take the time to strategize for your unique case and help you make the most beneficial choices.

We can clarify expectations, advise you of any difficulties and risks you may face, and prepare and file your bankruptcy paperwork with the court. We will also be by your side at all hearings and provide steadfast representation every step of the way.