Chapter 7 Massachusetts Bankruptcy Attorney
The Law Office of Glenn F. Russell, Jr. Call 888.400.9318.
Nothing is guaranteed in life, especially financial security. When seasons of hardship and financial strain come your way, you need to be able to depend on a team of legal professionals who are extensively trained and knowledgeable to help you in the midst of your financial situation. At The Law Office of Glenn F. Russell, Jr. our Massachusetts bankruptcy attorney has the skill and knowledge necessary to help you get back on your feet!
Why Choose Our Chapter 7 Bankruptcy Lawyer?
- Trusted by Clients Since 2000
- Helped 100s of Individuals & Families Find Relief from Debt
- Experienced & Compassionate Legal Services
- Top Avvo Rating of Superb
Start your journey to debt relief. Call 888.400.9318 to schedule a consultation.
End Your Debt Problems with Bankruptcy
When a person faces an overwhelming amount of debt, filing for Chapter 7 bankruptcy may be an option to eliminate the debt and end the harassment from creditors that often comes with the inability to keep up with loan or mortgage payments.
Filing for bankruptcy under Chapter 7 allows a portion of a person's property to be seized and sold by a bank or lender. In exchange for the liquidation of property, your debt to the bank or lending company is erased. Chapter 7 does allow you to keep certain articles of property, including clothes, car, or household items.
Not Eligible for Chapter 7?
Not everyone can file for Chapter 7. While there are other forms of bankruptcy that you may be eligible for, such as Chapter 13 bankruptcy, there are many alternatives to bankruptcy that may be helpful in eliminating or paying off debt. Additionally, filing for Chapter 7 may not be applicable to all forms of debt, such as child or spousal support debt. The inability to wipe all debt clean may still leave an individual in bad financial standing.
At The Law Office of Glenn F. Russell, Jr. we are determined and dedicated to providing legal counsel that allows our clients to attain the best possible results. If bankruptcy does not yield the best possible resolution for your personal circumstances, we can inform you of alternatives that may be available to you and your family.
Do You Want to Live Without Debt? We May Have a Solution!
Helping you toward a more stable financial future is our goal. If we are able to help you determine that filing for bankruptcy is the key to helping you live without debt, The Law Office of Glenn F. Russell, Jr. can help you finally move forward with your life! Relief from overwhelming responsibilities to debt could be only a phone call away. We can assess your situation and your personal finances to determine whether or not bankruptcy is a wise option for you and your family.
If you are contemplating declaring Chapter 7 Massachusetts bankruptcy, contact an attorney from our firm. We know how important it is to establish financial stability for you and your family, so consult our firm as soon as possible to get on the road to financial recovery and peace of mind!
- Drowning in debt?
- Feeling stressed because of your finances?
- Being harassed by creditors?
The Law Office of Glenn F. Russell, Jr. is here to help you with all these issues and so much more before they become a major issue.
"I truly appreciate having Glenn not just as an advisor, but someone truly on my team."
- Glenn is knowledgeable in his area, above many. He takes the time to truly understand his clients needs and expectations. He has been an advocate for me. I truly appreciate having Glenn not just as an advisor, but someone truly on my team.- Chris M.
Do I really need a foreclosure lawyer?Absolutely. Should you need foreclosure defense counsel, only an experienced attorney can determine which course of action is best for you. Whereas predatory scam artists try to prey on your financial vulnerability, a skilled foreclosure defense attorney genuinely can look out for the best interest of you and your family. Legal advice must be practical and efficient in order to be effective, so if you need strong legal guidance, trust that The Law Office of Glenn F. Russell, Jr. can offer the counsel needed to successfully navigate the complicated legalities of foreclosure or bankruptcy.
Third parties are offering to help my foreclosure process. How do I know who to trust?
Perhaps one of the greatest obstacles individuals encounter during the foreclosure process is learning who to trust and who to avoid. Due to the nature of the foreclosure process, descriptions of any homes being foreclosed may be published and accessible as public information. It is a sad truth that there are fraudulent companies that prey on public lists of foreclosing homes and attempt to take advantage of a people's financial vulnerability.
You may be contacted by mortgage brokers, mortgage negotiators, or mortgage holders. You may also be contacted by a Massachusetts bankruptcy attorney or a private financier who offers to help you sort out your finances. These parties may be dependable sources of legal and helpful advice during your foreclosure.
Unfortunately, there are frauds and scam artists who will try to take your home or your money without providing any sort of service. A general word of advice we give to clients to follow is: If a deal sounds too good to be true, it probably is. Avoid scams with the help of a qualified attorney from our firm!
What happens at a foreclosure sale?
It doesn't happen all the time, but if you have exhausted all of your legal alternatives and feel as though a foreclosure or short sale is the last resort, you need to know what to expect.
No foreclosure sale is exactly the same, but for the most part, the foreclosure sale process typically involves the following:
- Lenders must first send a notice of a foreclosure to the homeowner. The notice must be sent at least 14 days prior to the foreclosure sale date.
- A foreclosure sale will take place at the date, time, and place specified in the foreclosure notice.
- The foreclosure sale will be conducted by a licensed auctioneer. The auctioneer will read various legal notices, descriptions, and documents pertaining to the property.
- The auctioneer will take bids on the property, take deposit checks, and accept the highest bid to close the foreclosure property sale.
- Parties - including the mortgagor, the purchaser, and the auctioneer - will draft a foreclosure deed, which must be recorded and filed at the Registry of Deeds.
- A grace period - typically 30 days - will be given to allow the purchaser to line up financing.
- A closing will take place, and the new owner will formally take title to the foreclosed property.
All monies paid by the new purchaser will go toward paying real estate taxes, owed mortgages, and payments to creditors or other debts owed on the property. If no one at the foreclosure sale is able to bid a high enough amount to cover the debt of the property, then the balanced owed - called a deficiency - would then be the liability of the old owner.