Although the options you have regarding the filing of bankruptcy in Brockton, MA can best be explained by a bankruptcy attorney, here are a few examples of what you have to choose from. First and foremost, the type of bankruptcy you will be filing depends on whether you are filing personal bankruptcy or business bankruptcy, or whether you are a farm owner.
Although the decision to file bankruptcy is not one anyone ever wants to make, sometimes it is necessary. For those who are filing personal bankruptcy in Brockton, MA, you have two choices ” Chapter 7 bankruptcy and Chapter 13 bankruptcy.
is the most common type of personal bankruptcy filed in Brockton, MA, and in most cases individuals are able to keep not only their home but their car and other assets. However, like the other types of bankruptcy, Chapter 7 bankruptcy does have restrictions making it important that you speak with an experienced Brockton Chapter 7 bankruptcy lawyer at the Law Office of Brian R. Lewis to be sure you are choosing the best option.
is another common form of personal bankruptcy where you are required to repay your debts to creditors through a court-approved repayment plan that typically takes 3-5 years. However, before making the decision to file Chapter 13 Bankruptcy, you should speak to a Chapter 13 bankruptcy attorney at the Law Office of Brian R. Lewis to ensure this is the right form of personal bankruptcy for you.
Unfortunately for many businesses in Brockton, MA bankruptcy is the only way to keep their business or to start over again. Fortunately, filing business bankruptcy is one of the specialties of the Brockton bankruptcy lawyers at the Law Office of Brian R. Lewis where they are awaiting your phone call. The two options you have when filing business bankruptcy are Chapter 7 bankruptcy and Chapter 11 bankruptcy.
By filing this type of bankruptcy it will close your business. However, you should contact a business attorney to determine if you are able to restructure your business through Chapter 11 Bankruptcy instead of losing your business altogether.By filing this type of bankruptcy it will close your business. However, you should contact a business attorney to determine if you are able to restructure your business through Chapter 11 Bankruptcy instead of losing your business altogether.
This type of bankruptcy helps thousands of businesses restructure and become stronger year after year in Brockton, MA. However, this does require some extra work and more money but may be what your business needs to get back on track.
No matter which option you choose, bankruptcy can benefit you and give you a fresh financial start. However, to determine what type of bankruptcy would best benefit you it is recommended that you contact the bankruptcy lawyers at the Law Office of Brian R. Lewis today to discuss you specific financial situation.