We will walk you through the means test, so that we can determine whether you qualify under liquidation of your debt under Chapter 7. If you do, we will make certain you understand which debts can be discharged before you file, so that you don’t have unrealistic expectations. Some debts, such as alimony and child support arrearages, cannot be discharged in bankruptcy. Other obligations, such as student loans and taxes, are difficult, though not impossible, to discharge. We will also make certain that any exempt assets, such as principal residence, motor vehicle or retirement assets, are not included in the bankruptcy sale. Under normal circumstances, a Chapter 7 bankruptcy can be completed in four to six months.
If you fail to qualify for Chapter 7 or prefer to repay your creditors, we will help you file for reorganization of your debts under Chapter 13. We will help you prepare proposed repayment plans and will review any proposals that come from your creditors to ensure that they are within your means. If you enter into a repayment plan under Chapter 13, but fail to meet your obligations, you can lose the protection of the bankruptcy law.
Get Started. Contact Us for Your Free Bankruptcy Consultation
Our law firm is located in Salem, Massachusetts and we serve clients throughout Essex County and the North Shore region including Beverly, Danvers, Lynn, Marblehead, Peabody, Saugus, and Wenham.
For a free consultation regarding personal bankruptcy or to learn more about filing Chapter 7 or Chapter 13 bankruptcy, please contact us to schedule your appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.