Consider filing for bankruptcy when you can’t meet your financial obligations. Learn about filing BANKRUPTCY in Boston, Cambridge, Lowell, Springfield and Worcester.
Bankruptcy in these Cities is provided for by both the federal laws as well as the laws of Massachusetts. This is one way out of financial distress and it is unique from all other alternatives in that it offers a fresh start financially and this enables individuals after filing to better manage their un-discharged debts and setting them on track to start rebuilding their credit.
In these cities, we assist our clients before they can file for bankruptcy by taking them through the prerequisites they should consider for them to file their petitions successfully. One of them is taking a credit counseling course with an agency approved by the relevant authorities in the United States and in Massachusetts, the client is required to take the course at least within 6 months prior to the filing of his/her petition.
Alternatives to filing bankruptcy in Massachusetts
We are delighted to help our esteemed clients distinguish among various options they can go by and avoid the negative attributes associated with bankruptcy (its effects on credit score and the fact that its reported in your credit report for the next 7-10 years and that you cannot file for another bankruptcy petition until 8 years after filing); the alternatives include debt consolidation, loan modification among others.
Bankruptcy petition Preparation
Preparing the petition is a tedious and a time consuming activity, our clients stand to benefit from our services because we assist them in the preparation of all the required documentations and paperwork that comprise a bankruptcy petition; we also alert them on the existence of emergency bankruptcy filings where they have situations that may warrant the immediate activation of the bankruptcy stay such as foreclosure. Here we also assist our client in determine which bankruptcy to file which is entirely dependent on the circumstances warranting the bankruptcy and other determinants such as the means test which by comparing your house hold income with the median income of similar households determines whether you are eligible to file chapter 7 bankruptcy or in chapter 13 whether you will be subject to 3 year plan or a 5 year plan.
We prepare our clients for the meetings of creditors by informing them about how it works and by taking them through the likely questions that can be asked during this meeting; the meeting is chaired by the appointed trustee in your case; the people expected to attend include the trustee, the debtor(s) in question, creditors but usually do not attend unless they believe that an asset is being concealed and any member of the general public may attend the hearing; this kind of hearings are done in the absence of a judge and the judge’s intervention is sought if and only if there are unresolved disagreements.
Our Bankruptcy team can help you every step of the way through this difficult process. Our experienced lawyers will determine if bankruptcy is right for you.
The Massachusetts Bankruptcy Center Team of Bankruptcy Lawyers and support staff have helped thousands of people from all corners of Massachusetts with offices located at Boston, Cambridge, Lowell, Springfield and Worcester in Massachusetts. We are quite experienced in bankruptcy and we have expertise in all aspects of bankruptcy cases. Visit us at our offices in Boston, Cambridge, Lowell, Springfield and Worcester in Massachusetts.