Experienced Massachusetts Attorneys Handling Chapter 13 Bankruptcy
An unstable economy leads to great financial strain on most individuals. If you have fallen on hard financial times, know that you are not alone. The attorneys at Prousalis & Papantonakis, P.C., have provided dedicated and comforting support to numerous clients in Lynnfield, Wakefield and throughout the Commonwealth of Massachusetts. With over 25 years of combined legal experience, we have the knowledge and skill to help you get a fresh financial start.
Learn more about our Chapter 13 bankruptcy services during a free 60-minute consultation. Call 339-203-4797 or e-mail us to schedule a time to meet with one of our lawyers.
The Initial Benefits of Filing For Bankruptcy Under Chapter 13
As with all bankruptcy filings, you will see immediate relief from your debt concerns. Filing bankruptcy will stop foreclosure on your home, require creditors to stop harassing you with phone calls, and will stop any judgments or other litigation against you. Our attorneys will then be the main point of contact for any creditor communication, which will help you focus your time on more important things in life.
Efficiently Guiding You Through the Chapter 13 Bankruptcy Process
Also known as debt reorganization bankruptcy, Chapter 13 bankruptcy allows you to negotiate with lenders to create reduced payments and pay off your debts. After the initial filing of bankruptcy, we will meet with a Chapter 13 trustee. During this meeting, we will create a payment plan that fits your current financial status that will last between 36 and 60 months.
We will continue to support you and guide you through the payment plan. If you ever reach a point where you will not be able to make a monthly payment to the bankruptcy trustee, contact us immediately. We will do what we can to help you, as failing to make a payment may cause you to lose your bankruptcy case.
Once the payment plans is completed, all eligible debts will be discharged. It is important to note that certain debts, such as student loans or certain tax debts, are not eliminated in the Chapter 13 discharge. We can assist you with other debt relief alternatives to handle the remaining debt.
Is Chapter 13 Bankruptcy Right for You?
If you do not meet the Chapter 7 bankruptcy means test for debt liquidation, you may still be eligible for other bankruptcy relief under Chapter 13. If keeping your home is your main concern in the bankruptcy process, Chapter 13 may also be the right option for you. Contact our firm to learn more.
