Bankruptcy
Learn about the different types of bankruptcy filings and how they can help you get a fresh start. Schedule a free consultation with a bankruptcy lawyer near you in Revere, MA
Are you struggling with debt? If you are struggling with debt, you are not alone. Millions of Americans are in debt, and it can be a tough situation to deal with. If creditors are harassing you or feeling overwhelmed by your debt, you may want to consider filing for bankruptcy.
What is bankruptcy?
Bankruptcy is a legal process that can help you get a fresh start. When you file for bankruptcy, you ask the court to discharge your debts. This means you will no longer be legally obligated to pay your debts.
There are different chapters of bankruptcy filings:
1) Chapter 7: Liquidation – for individuals and businesses with financial difficulties. A trustee takes possession of your property and liquidates non-exempt assets to pay your creditors. The main goal is to get a discharge from your debts, but some debts still need to be discharged.
2) Chapter 11: Reorganization – for businesses and individuals who exceed the thresholds for Chapter 13. The court approves a reorganization plan that determines payments to creditors.
Schedule a free consultation today and let us help you get a fresh start.
Free Consultation with Bankruptcy Attorney | Get Help Getting Out of Debt
If you are considering filing for bankruptcy, it is important to speak with an attorney: An attorney can help you understand your options and choose the best type of bankruptcy. They can also help you file your paperwork and represent you in court.
Here are some common myths about bankruptcy:
Are you thinking about filing for bankruptcy? Talk to a bankruptcy lawyer near you in Revere, MA today.
- Myth: Filing for bankruptcy is immoral or wrong.
- Fact: Filing for bankruptcy is a legal process allowed by federal and state law. It can be a way to get a fresh start and boost the economy.
- Myth: Filing for bankruptcy means you will never be able to repurchase a house or car.
- Fact: Filing for bankruptcy can affect your credit score, but it is possible to rebuild your credit and make major purchases in the future.
- Myth: Bankruptcies are public records, and everyone will know if you file.
- Fact: Bankruptcies are public records, but most people will only know if they actively search for that information.
- Myth: You will lose everything if you file for bankruptcy.
- Fact: Some assets are protected from bankruptcy, such as your home, your retirement savings, and your vehicle. An attorney can help you keep as many assets as possible.
If you are struggling with debt, please don’t hesitate to reach out to an attorney:
An attorney can help you understand your options and choose the best course of action for your unique situation. They can also help you file your paperwork and represent you in court. Get a fresh start with bankruptcy | Talk to a bankruptcy lawyer near you in Revere, MA
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We offer free consultations to discuss your bankruptcy options. Contact us today to schedule your consultation. Schedule a free consultation today:
Here are some bankruptcies FAQs for Revere, MA:
Where is the bankruptcy court in Revere, MA?
If you are in Revere and need to file for bankruptcy, you can file your case in Springfield or you can file your case by mail. The address for the Springfield bankruptcy court is United States Bankruptcy Court United States Courthouse 300 State Street Springfield, MA 01105. You can also file your case online through the PACER system. The PACER system is a secure electronic filing system that allows you to file court documents and pay filing fees online. The PACER website is: pacer.uscourts.gov
What are the filing fees for bankruptcy in Revere, MA?
The filing fees for bankruptcy in Revere, MA, vary depending on the type of bankruptcy case you file. For example, the filing fee for a Chapter 7 bankruptcy case is $338, while the filing fee for a Chapter 13 bankruptcy case is $313.
What are the requirements for filing for bankruptcy in Revere, MA?
To file bankruptcy in Revere, MA, you must meet certain conditions, such as:
- You must be a resident of the United States.
- You must have lived in the District of Massachusetts for at least 180 days before filing for bankruptcy.
- You must have a regular income.
What are the steps involved in filing for bankruptcy in Revere, MA?
The steps involved in filing bankruptcy in Revere, MA, are as follows:
- File a petition for bankruptcy with the court.
- Submit your financial information to the court.
- Attending a creditors’ meeting.
- Create a repayment plan (if you are filing Chapter 13 bankruptcy)
- Obtain a discharge from your debts.
What are the benefits of filing for bankruptcy in Revere, MA?
The benefits of filing bankruptcy in Revere, MA, include:
- Stopping creditor harassment
- Getting a fresh start
- Allowing you to rebuild your credit.
What are the drawbacks of filing for bankruptcy in Revere, MA?
The disadvantages of filing bankruptcy in Revere, MA, include:
- Bankruptcy will appear on your credit report for up to 10 years.
- You may have to surrender some of your assets.
- You may have to pay filing fees.
Overwhelmed by debt? Don’t know where to turn? Our bankruptcy lawyer in Revere, MA can help. We have years of experience helping people get out of debt and start fresh. Contact us today for a free consultation.
This information is not legal advice and may not cover every aspect of bankruptcy.