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While the national unemployment rate has dropped slightly, we still aren’t out of the woods. Even many who are working have fallen behind on payments, leading to risk of foreclosure. If you’re considering filing for Chapter 13 Bankruptcy to prevent foreclosure, here are a few things to consider first. Understanding Foreclosure Until your home is...
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Filing bankruptcy in Massachusetts is often looked at with a stigma of negativity when there are actually many benefits to filing. In fact, personal bankruptcy can be looked at as a “win-win” situation for the person who is filing. You get to keep your home, your car, your personal belongings but you also get to...
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Are your wages being garnished? If so, you are well aware of the stress that this situation causes. There was obviously not enough income to begin with or you wouldn’t have gotten behind on your payments but now that they are garnishing your wages this is certainly making the situation worse – not better. If...
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When making the critical decision to file for personal bankruptcy protection, there is a plethora of information available. In these days of the Internet, iPhones, and information about anything available with the dance of our fingers, it is always possible that we may not pick up on the best, or even accurate information. As with...
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Are you struggling financially and considering filing personal bankruptcy? Many people struggle greatly with this decision because they are so worried about the ramifications of their choice. However, most people are unaware of the fact that there are several advantages to filing personal bankruptcy that should be taken into consideration as well. Finding Support While...
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Foreclosure on your home is a miserable experience that can ruin your finances, your credit and leave you in the lurch trying to find suitable housing for your family. On top of the stress of trying to keep your home, you must fend off scammers trying to rip you off. These fraudulent companies take advantage...
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In these tough economic times, many are faced with the difficult decision of filing for bankruptcy. Chapter 7 bankruptcy is one option that offers relief to those in debt by eliminating unsecured debts, like outstanding credit card bills. This particular type of bankruptcy, known as liquidation, is meant for those individuals, partners, or businesses that...
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Filing bankruptcy is never an easy decision to make. When a person has fallen into too much debt, then it is usually a last resort. However, filing bankruptcy does not mean that your credit is ruined forever. The action stays on your credit report for seven to ten years, but there are many things that...
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Filing for bankruptcy can be a difficult yet necessary decision. A Chapter 13 filing allows debtors with valuable assets such as property to reorganize their debt and repay creditors according to a plan devised in consultation with a bankruptcy attorney and the Chapter 13 Trustee. Those wishing to file for Chapter 13 in Massachusetts should...
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The Bankruptcy Law Office of Brian R Lewis specializes in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy, these are the two most common types. Chapter 7 and Chapter 13 bankruptcy can be used in both personal bankruptcy and business bankruptcy but please call us to discuss the best option for our situation. Chapter 7 Bankruptcy...
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