Bankruptcy

Filing for Chapter 7 or Chapter 13 bankruptcy can raise many questions about what happens next. One important step is the meeting of creditors, commonly called the 341 review. The name may sound formal, but this meeting is not a courtroom trial. In most consumer...

Facing a mountain of debt can make you feel trapped and uncertain about your financial future. In Massachusetts, Chapter 7 bankruptcy is a common path for individuals who need a fresh start by liquidating assets to pay off creditors.  While this process can wipe the...

If you struggle with overwhelming debt, Chapter 13 bankruptcy offers a structured way to regain control of your finances. This process allows you to reorganize what you owe into a repayment plan approved by the court that usually lasts three to five years During that...

Chapter 13 bankruptcy is a multi-year process. After the filer submits initial paperwork to the courts, they must negotiate terms for a court-approved repayment plan. They must then make between 36 and 60 monthly payments over the course of three to five years to...

Bankruptcy can be a way to create a fresh financial start. Exactly how this works depends on the type of bankruptcy you file for. Chapter 7 bankruptcy requires the liquidation of non-exempt assets to pay back a portion of the debt, while Chapter 13 bankruptcy...

A personal bankruptcy case is one of the most serious credit blemishes possible. The courts typically advise the credit bureaus of a pending bankruptcy case the same day that a person files. Their score may drop by as much as 200 points if they had previously managed...

Even responsible, successful adults can find themselves suddenly facing financial hardship. Job loss, medical issues or divorce can leave people unable to pay their bills and struggling to manage financial obligations. Those with below-average income over the last six...

For many people, mounting debt can feel like an impossible burden. If you are struggling but still have a steady income, Chapter 13 bankruptcy can be a practical path forward. It is often called a reorganization bankruptcy because it allows you to create a structured...

Since your divorce, you have been making child support payments. You do have custody rights, but you generally see your child only on the weekends. Your former spouse earns less money and spends more time raising the child, so you were ordered to pay support as a...

Having more bills than you have money each month can be a difficult situation. Sometimes, it’s necessary to explore your options for dealing with this type of financial difficulty. One of those options might be filing for bankruptcy, which can provide you with a fresh...