Filing for consumer bankruptcy will also put an end to creditor harassment, wage garnishment, repossession or foreclosure, as you eliminate or reduce debt by filing for Chapter 7 or Chapter 13 bankruptcy.
At the law firm of Gallant & Ervin, L.L.C., our bankruptcy attorneys near Lowell, Massachusetts, help individuals and businesses throughout Massachusetts and New Hampshire protect their assets and eliminate debt. Contact us online to schedule an appointment.
New England Chapter 7 and 13 Attorney
When seeking bankruptcy protection, consumers have two options: Chapter 7 and Chapter 13. The best option for you is determined by your income, assets and the type of debt you've incurred. For example, if you have low income and do not have substantial assets, Chapter 7 bankruptcy will:
- Eliminate unsecured debt such as credit cards and medical bills
- Liquidate your assets to pay your secured creditors, with some exemptions
On the other hand, if you have a steady source of reliable income and significant assets and property, Chapter 13 bankruptcy will create a restructured repayment plan that will allow you to retain your assets and pay for them over a designated period of time in manageable payments.
Our consumer bankruptcy lawyers will listen to your concerns and carefully review your financial documents to assist you in determining the best kind of bankruptcy for you. Our primary goal is to protect your assets and give you the strongest possible foundation from which to build your financial future after you have filed for bankruptcy. We can also assist your business in filing for bankruptcy.
Free Attorney Consultation at Debt Restructuring Business Bankruptcy Law Firm
To talk to a Chapter 7 and 13 lawyer serving Boston, Massachusetts, call 978-256-6041 or contact us online. From our office in Chelmsford, we serve clients in the greater Lowell area, the north Boston metro area and throughout New Hampshire.
