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Chapter 13 Massachusetts Bankruptcy Attorney

Call 888.400.9318 to Discover Your Options in Chapter 13 Bankruptcy, the Wage Earner's Bankruptcy

Chapter 13 bankruptcy is also known as the wage earner's bankruptcy. In order to file for Chapter 13 bankruptcy, an individual must be able to prove that he or she has the financial ability to pay off debt in monthly increments. Proof of financial ability typically requires a reliable source of income, such as a salary, that will allow you to repay a portion of your debt.

Why Choose Our Chapter 13 Bankruptcy Lawyer?

  • Proven Debt Relief Solutions Since 2000
  • 100s of Individuals & Families Helped
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When a debtor makes more than the median income of their state, they may be eligible to file for Chapter 13 bankruptcy. This process allows a debtor to negotiate with creditors to structure their debt into more affordable and incremental monthly payments. Filing for Chapter 13 bankruptcy could even save a home from foreclosure, but to determine if this is right for your personal case, you need to speak with a bankruptcy attorney at our firm.

Don't wait to get answers! Use our online contact form or call 888.400.9318 today.

Establishing a Payment Plan

If you are thinking about petitioning for Chapter 13 Massachusetts bankruptcy, you need to propose a payment plan to the bankruptcy court. With the help of a Massachusetts bankruptcy lawyer from our firm, you can construct a payment plan that is effective and appropriate for your income level and financial needs.

Once a payment plan is constructed and approved, you are legally bound to abide by it. Your payment plan will:

  • Outline specific details about how you will pay back your debts over the course of three to five years
  • Prove that you have a steady and reliable source of income
  • Indicate the amount of money that you will repay (the amount must reflect your monthly income)
  • Take in to consideration the amount of debt you owe and how much your creditors would have received if you had filed for Chapter 7 bankruptcy instead

Finally, filing for Chapter 13 bankruptcy allows individuals to make up missed payments without having to worry about their property being repossessed or foreclosed, so long as the debtor sticks to the payment plan and does not miss any scheduled payments. Making up for your debts over a set course of time while not having to worry about your property being taken away could be the relief that you need. To determine whether Chapter 13 is right for you, we highly encourage that you speak with our team.

Call The Law Office of Glenn F. Russell, Jr. Today to Reduce Your Debt

If you are at the point of considering bankruptcy, it may seem as though you have exhausted every other option. We know that you must be stressed due to creditor harassment, but we also know that taking the first step to declaring bankruptcy could be a very difficult one. Due to unnecessary social stigmas, many people feel ashamed or embarrassed to come forward and ask for help - even if it is during their time of greatest need.

At The Law Office of Glenn F. Russell, Jr. we are ready and willing to guide you through the bankruptcy process. We know that you are probably overwhelmed, so we are prepared to offer you legal guidance in a way that makes you feel comfortable and hopeful for your future financial situation. You can be confident knowing that your legal matters are in good hands, as we always approach each case with your best interests in mind.

To determine whether you are eligible for Chapter 13, contact a bankruptcy lawyer at The Law Office of Glenn F. Russell, Jr. : 888.400.9318. We are happy to discuss your financial matters with you by phone or in person at our Fall River office!

Reasons Why People Hire The Law Office of Glenn F. Russell, Jr.

  • Extensive Knowledge

  • Unique Experience

  • Aggressive Approach

  • Unparalleled Results