Mass Bankruptcy Lawyers remains open during COVID-19. We are happy to work by phone, video, and email. The Bankruptcy Court and Trustees are allowing debtors to attend hearings and meetings of creditors at home by phone.

Personal Bankruptcy

Need Help With Your Personal Debt?

The decision to file for bankruptcy isn’t easy to make. Besides all the stress and anxiety that have been plaguing you because of all your debt, there’s now another concern that it could take years to build up your credit score to obtain a credit card and other loans. The Mass Bankruptcy Lawyers’ specialized focus on bankruptcy law ensures that clients obtain the highest quality legal advice and counsel available.

Piggy bank

Who should file for personal bankruptcy?

Bankruptcy provides financial relief to people whose debts have become overwhelming through:

  • Credit card debt
  • A second mortgage
  • Unpaid income taxes
  • Mortgage arrears
  • Medical bills
  • Job loss
  • Changes in family status
  • Some form of a catastrophic event

Two types of personal bankruptcy

If you have more debt than you do assets, and you are unable to pay your bills in a timely manner, sometimes bankruptcy is the best solution. However, there are actually two different types of bankruptcies and you may need a little help to decide which one is best for you. 

In Chapter 7 bankruptcy, also known as “straight” bankruptcy or liquidation, there is a liquidation of the debtor’s assets which will be used to pay off creditors. This form of bankruptcy allows the debtor to quickly discharge their debts and get their lives back on track as soon as possible.

In Chapter 13 bankruptcy, a payment plan of debts, assets, and income is prepared for the debtor to pay off their debt over a three to five-year period. Those filing for chapter 13, must have a steady income to pay back some or all of the debt over this period.

Find Out Which Bankruptcy Plan You Qualify For:

Chapter 7 Bankruptcy

Chapter 7

Bankruptcy Chapter 7 is the process people go through to clear all of their unsecured debt. Determine if you qualify for Chapter 7.

Chapter 13 Bankruptcy

Chapter 13

Bankruptcy Chapter 13 is for people with regular income to pay back their creditors based on how much they can actually afford.

Get an expert bankruptcy analysis

The Mass Bankruptcy Lawyers firm has a passion for preserving bankruptcy clients’ legal rights. We combine technology and our comprehensive knowledge of new trends in bankruptcy law to help our clients get the best possible results. We also keep our clients up to date on their case progress so that they can make the most informed decisions possible all the time.

The Mass bankruptcy attorneys are federally designated debt relief experts that help individuals file for relief under the Bankruptcy Code. We welcome the opportunity to help and are always prepared to act quickly when necessary. Call (978) 224-7020 or contact us to schedule a free consultation.

805 Turnpike Street Suite 201 North Andover, MA 01845

1,000+ Succesful Bankruptcies Filed!

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