Massachusetts Bankruptcy Attorney
Find Massachusetts Debt Relief! Call 888.400.9318 to Get Started.
The stresses and anxieties that come with financial hardships can cause many people to make hasty decisions. If you feel that filing for bankruptcy may be the best solution to your financial hardships, we recommend that you take the time to consider your situation by speaking with a Massachusetts bankruptcy attorney from The Law Office of Glenn F. Russell, Jr.
Why Choose Our Bankruptcy Lawyer?
- Knowledgeable, Step-by-Step Guidance Since 2000
- 100s of Individuals & Families Helped
- Experienced & Compassionate Counsel
- Top-Rated by Clients & Legal Associations
With the assistance of a qualified bankruptcy legal professional from our firm, you can determine the appropriate course of action that can produce the best possible outcome for you and your family.
Relief from debt is possible. Call 888.400.9318 to start discussing your unique path to a fresh start and stronger financial future.
Want to Know How to File for Massachusetts Bankruptcy?
Here is a brief overview of the bankruptcy process:
- Credit counseling: before anything, you need to take a credit counseling course from an approved provider.
- Take the means test: the means test will help you find out if you qualify for Chapter 7 (liquidation bankruptcy)
- Compile paperwork: filing for bankruptcy means gathering extensive paperwork for the courts to review. Some of the items you may need include: assets, debts, tax returns, titles, deeds, and loan documents.
- File your documents: after all paperwork is completed, you will need to file a petition with your district court.
After these steps are completed, the next actions will depend on the bankruptcy chapter that you've filed. Talk to a bankruptcy lawyer to find out how to proceed.
The Massachusetts bankruptcy process is complex and confusing. With improper legal guidance, the process may become time consuming and labor intensive, causing many people to feel defeated or to assume that a solution does not exist. With help from a Massachusetts bankruptcy attorney from our firm, an attorney can assist you through the entire bankruptcy process to ensure that your filing is complete and successful.
Your petition for bankruptcy could be denied or dismissed due to a single, simple mistake in the filing process. MA bankruptcy cases are extremely sensitive and can be derailed by errors. Even through you may think that filing for bankruptcy could solve all of your financial woes, an improperly completed bankruptcy process could put you at risk for more debt, more problems, and more lawsuits by creditors.
Types of Massachusetts Bankruptcy Cases We Handle
Bankruptcy is the legal process that can help facilitate the elimination or repayment of debt. Typically, bankruptcy is the most common way that individuals and commercial businesses discharge short-term and long-term debt. The general outcome of bankruptcy puts many people in the best position to reestablish a good line of credit and rebuild a stable financial situation. Our firm handles two types of bankruptcy that can help businesses and individuals alike.
Chapter 7
Chapter 7 bankruptcy can be filed by both individuals and businesses but is most commonly filed by businesses. Chapter 7 bankruptcy is also known as liquidation and typically lasts anywhere from three months to six months in Massachusetts. After filing for Chapter 7 bankruptcy, banks can liquidate - or seize and sell -the property of the debtor to pay back monies owed to banks, lenders, or mortgage holders.
Chapter 11
Under this chapter, you – the "debtor in possession" of your business – will sit down with your creditors and work out a repayment plan. This includes determining how long you have to repay your debts before the remainder is discharged. Once your plan has been determined, you must bring it before the bankruptcy court to be entered. You will then continue to operate your business and make payments on your debt (according to the plan) until the repayment term is complete. Your remaining eligible business debts will then be discharged.
Chapter 13
Chapter 13 bankruptcy is the most common type of bankruptcy for American consumers. Individuals typically file for Chapter 13 bankruptcy, which allows consumers to keep their property while discharging some debts and paying back most debts in monthly payments over a specified span of time. Chapter 13 allows people to pay back all debts owed or partial amounts of debt.
Experiencing Financial Strain? Relief Is a Phone Call Away!
We know that one of the greatest priorities in life is being able to live in a way that is without stress or worry. Shedding your debt through the process of bankruptcy could be the long-awaited answer that you have been searching for. If you are experiencing financial strain, your financial relief could only be a phone call away!
We cannot overemphasize the importance of discussing your bankruptcy matters with an experienced and knowledgeable attorney.We can help you determine whether filing for bankruptcy is the right choice for you. Because each person has different circumstances, it is crucial that every detail be examined by a legal professional.
Call The Law Office of Glenn F. Russell, Jr. today at 888.400.9318.