Are You Considering Bankruptcy?
Not having enough money to pay the bills and wondering how you will get by can be very stressful. There are options for honest individuals overwhelmed with debt and looking for solutions. Bankruptcy may be one of them. Let me help you find the solution that is best for you to obtain a fresh start.
I am a Boston bankruptcy attorney assisting individuals and small businesses in the greater Boston area. I offer a no-charge initial phone consultation to discuss your current financial situation and outline alternatives that might work for you. Please call me at 617-357-5555 to talk about how I can help you.
Attorney Susan Grossberg
Boston Bankruptcy Lawyer
Phone: (617) 357-5555
Chapter 7 Bankruptcy
Chapter 7 allows individuals to wipe out their personal liability on some types of debts, such as credit cards, personal loans, utility bills, and other similar debts by obtaining a Discharge in bankruptcy. This Discharge gives individuals a Fresh Start -- a chance to rebuild their lives free of the debt they have eliminated through bankruptcy. Most individuals filing Chapter 7 bankruptcy in Massachusetts are typically able to keep all of their assets. However, it is important to discuss your assets with your bankruptcy attorney to ensure that they are properly protected. Please call me at 617-357-5555 to discuss how a Chapter 7 filing might help you.
Chapter 13 Bankruptcy
Chapter 13 is a three to five year reorganization. It is especially helpful for individuals facing foreclosure or repossession. The Chapter 13 filing stops the foreclosure (and collection efforts on all other debt, including the phone calls) and allows a borrower up to five years to become current. For some homeowners, Chapter 13 may allow them to reduce or even eliminate an "underwater" mortgage. Chapter 13 is also effective for higher income individuals who can only afford to pay a portion of their debt -- it allows them to pay back only as much as they can afford. For people with tax debt, in most cases the Chapter 13 stops interest from accruing, wipes out penalties, and may even eliminate some of the tax. Chapter 13 can be a powerful tool for overcoming many financial predicaments. Please call me at 617-357-5555 to talk about whether chapter 13 might be beneficial for you.