Massachusetts Bankruptcy Center | Bankruptcy Law Firm

  Missing your job while on a Chapter 13 repayment plan might be unpleasant, but it doesn’t necessarily mean your bankruptcy case will fail. If your income changes drastically, it’s crucial to talk with an expert chapter 13 bankruptcy lawyer as soon as possible. If life throws you a curve ball and you find it difficult to stay on track with your repayment plan, the Massachusetts Bankruptcy Center is here to help people across the state understand their choices. If you are facing a substantial financial hardship, your attorney may be able to request a modification of your plan to reduce the amount of your monthly payments or request a temporary suspension of your plan. In some cases, transferring your case to Chapter 7 may also be an option if you meet the necessary qualifying conditions. The optimal approach relies on your income, expenses, assets and the precise circumstances of your existing plan. The most critical step is to move promptly and not just to cease paying. Missing p...

  Without dependable transportation, it might be hard to get to work, to medical appointments or to meet family needs. If you are behind on auto payments, an expert chapter 13 bankruptcy lawyer can assist you understand whether bankruptcy may avoid vehicle repossession. At Massachusetts Bankruptcy Center, we assist people in considering legal alternatives that deliver real financial relief while safeguarding valuable assets. If you file for Chapter 13 bankruptcy, it will in many circumstances result in an automatic stay , which usually halts most collection operations. If your vehicle is already during the process of being repossessed, but the lender has not yet completed the procedure, it will usually stop as well. Chapter 13 also allows eligible persons to reorganize their obligations through a court-approved repayment plan for three to five years. This can help you catch up on missing car payments, keep your vehicle, and manage other financial responsibilities. Chapter 13 may a...

  Understanding which debts can be wiped out is a crucial step in contemplating bankruptcy. At Massachusetts Bankruptcy Center, an experienced chapter 13 bankruptcy lawyer helps individuals and families around Massachusetts examine their financial circumstances and identify which debts may be eligible for relief under Chapter 13. Every case is different, but Chapter 13 bankruptcy can give a court-approved repayment plan that can result in long-term financial stability. When you finish your repayment plan, many unsecured debts may be discharged. These can include balances on credit cards, medical bills, qualifying personal loans that are unsecured, certain tax liabilities, and other debts that arise from a failure to exercise due care or breach of contract. However, not all debts are dischargeable. For instance, student loans usually cannot be discharged unless in certain conditions specified by bankruptcy law. An experienced chapter 13 bankruptcy attorney may analyze your debts a...

  Surprise medical costs and crushing personal loans can throw a huge financial strain on individuals and families. A seasoned chapter 13 bankruptcy lawyer of the Massachusetts Bankruptcy Center helps clients identify viable legal options for getting back on solid financial footing. High deductibles, emergency treatment, out-of-network care or unanticipated health care costs often lead to medical debt. Hospitals and providers can provide payment plans or financial aid, but these choices are not always sufficient when debt continues to mount. Chapter 13 is a reorganization bankruptcy for individuals with secured and unsecured debts below a certain threshold. It offers a structured repayment plan of three to five years. This can make monthly payments easier to handle while protecting precious assets and helping you meet crucial financial responsibilities. Your repayment plan can also include personal loan debt. This allows you to consolidate qualified unsecured debts into one...

  Massachusetts Bankruptcy Center helps individuals and families discover practical debt relief with the help of an experienced chapter 13 bankruptcy lawyer . Many people are afraid that filing Chapter 13 will destroy their credit forever. Although bankruptcy can hurt your credit score because payment history is a significant part of scoring, it also gives you a chance to start fresh and restore your financial future. Making timely payments per your repayment plan and managing credit responsibly post your case can slowly rebuild your credit profile. Another typical question is how long does Chapter 13 stay on a credit report? Most people will automatically get a Chapter 13 discharge seven years after the filing date since the repayment plan forces you to repay some of your qualified debts. If you find erroneous bankruptcy information on your credit report, you can dispute it with the main credit reporting agencies. We provide Chapter 13 bankruptcy, foreclosure defense, debt settlem...