Bankruptcy Attorney in Massachusetts 

Types of Bankruptcy Cases We Handle in Massachusetts

Bankruptcy is a legal process that can help eliminate or manage debt. For both individuals and businesses, bankruptcy remains the most common way to resolve debt, whether short-term or long-term. A successful bankruptcy often paves the way for rebuilding credit and restoring financial stability. Our firm regularly handles two types of bankruptcy that support both businesses and individuals in need.

Those living in Fall River often need guidance in choosing a bankruptcy route because Bristol County's economic conditions and common debt profiles can vary. We give each client direct counsel, focusing on their priorities—such as protecting family homes from foreclosure or helping business owners adjust to industry changes. Every case receives attention tailored to Fall River's unique landscape and challenges.

We make sure you understand the long-term effects of each bankruptcy chapter. Choosing Chapter 7 for a clean slate through liquidation or Chapter 13 for debt consolidation and structured repayment both impact your future financial planning. We explain how each path could shape your financial goals, helping you make decisions that fit your situation.

Chapter 7 Bankruptcy: Liquidation for Individuals and Businesses

Both individuals and businesses may file for Chapter 7 bankruptcy, which is best known as liquidation and usually lasts about three to six months in Massachusetts. After filing, the court may allow banks or lenders to sell your non-exempt property to pay creditors. This process moves quickly compared to others.

Many people in Fall River choose Chapter 7 after a wage garnishment or a lawsuit due to overwhelming debt. We explain which assets may be protected under Massachusetts exemptions, giving you a clear view of what you can safeguard. Familiarity with local courts means we can guide your case with efficiency—minimizing pitfalls and streamlining communication.

Good preparation with your attorney can help maximize available exemptions and preserve crucial property. Our attorneys also outline how a Chapter 7 filing may affect your credit, adding steps for financial recovery and future planning to our support throughout the process.

Chapter 11 Bankruptcy: Reorganizing Business Debts

In Chapter 11, you keep running your business while working out a repayment plan with creditors. Once you set the plan and get court approval, you continue operations according to your new payment schedule. When you complete the plan, the court will discharge the rest of your eligible debts.

Local business owners—especially those in Fall River’s historic mills or small family enterprises—may use Chapter 11 during challenging periods in the local economy. We know the procedures in Southern Massachusetts well and keep the process organized so you remain focused on running your business.

Chapter 11 offers more flexibility than other bankruptcy options, promoting the survival and strength of your business. With guidance from our team, your business can adjust its financial structure and plan for renewed stability during and after court-supervised reorganization.

Chapter 13 Bankruptcy: Keeping Your Property While Paying Debts

Chapter 13 bankruptcy is the most common choice for U.S. consumers facing debt. This option lets individuals keep their property, discharging some debts and repaying most over time with manageable monthly payments. Chapter 13 works well when people have a steady income and want to avoid foreclosure or repossession.

In Fall River, many individuals turn to Chapter 13 for protection against losing their home. We guide you on regional requirements, mortgage details, and the use of Massachusetts exemptions to keep your home or car when possible. Our team works with you to develop a repayment plan you can manage, reflecting local cost-of-living conditions and court expectations.

Ongoing support is essential with Chapter 13. We explain your repayment plan, monitor compliance, and respond to changes in your situation so you get the full benefit of bankruptcy’s protective features and move toward lasting stability.

Understanding the 341 Meeting of Creditors

Every bankruptcy case in Fall River includes a 341 meeting of creditors. This first hearing after you file lets creditors and the trustee ask about your finances and paperwork. The meeting usually happens at the Taunton courthouse or another Bristol County location. Most meetings conclude in less than an hour, but missing yours can delay your case.

Preparation matters. We prepare you by reviewing questions that may come up and checking that your documents meet court standards. Being ready helps lower stress and keep proceedings moving. Our understanding of local court procedures means your 341 meeting is likely to be smooth and transparent, helping you stay focused on the next steps after bankruptcy. Speak with a seasoned bankruptcy lawyer now.

Contact Our Bankruptcy Lawyer in Massachusetts for Financial Relief Today!

Living without constant financial stress is a priority for everyone. Shedding debt through bankruptcy may be the answer when you feel overwhelmed. For those experiencing financial strain, relief could be just a call away.

We guide you through each phase of bankruptcy, including deadlines, meetings, and court dates relevant to Fall River and Bristol County. For clients adjusting to life after bankruptcy, we share strategies for building credit and managing household finances in Southeastern Massachusetts.

Discussing your bankruptcy with a knowledgeable attorney helps you decide if this is the right step for you. Every situation requires careful review of key details, so you can move ahead with confidence.

Our team combines professional know-how with genuine care, aiming to ease your burdens while keeping you fully informed. From the start of your case through the resolution of post-filing matters, we deliver transparent and thorough support at each step.

Local Bankruptcy Solutions for Boston Residents & Surrounding Areas

Residents of Boston, Cambridge, Somerville, and Quincy know how the local cost of living, medical expenses, and job changes create unique financial pressures. The Law Office of Glenn F. Russell, Jr. provides guidance rooted in the circumstances of these communities.

We know the rules and resources available to Boston residents. Resources like the Massachusetts Division of Banks and the Boston Office of Financial Empowerment offer help to those in debt. We can provide information about how to use these services as part of your overall financial strategy.

Boston’s high cost of housing means many people turn to Chapter 13 bankruptcy to protect their homes and manage debts. For small business owners in neighborhoods such as the Seaport District or Back Bay, Chapter 11 bankruptcy allows restructuring while keeping operations running.

Our goal is to reveal the full range of bankruptcy options available so you can move toward a better financial position, wherever you live in Greater Boston. We guide you from your first consultation through each stage of relief and recovery.

Contact The Law Office of Glenn F. Russell, Jr. to discuss your choices and take the first step toward renewed financial stability.

Contact our trusted bankruptcy lawyer in Massachusetts at (888) 400-9318 to schedule a free consultation.