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(888) 7 NEW START(888) 763-9782Email Atty. Kathleen L. KaneEmail Atty. Tatyana TabachnikEmail Atty. David M. SpillaneTwo South Shore Offices:1140 Washington StreetHanover, MA 023391212 Hancock Street, Suite 325Quincy, MA 02169
Everyone’s situation is different, but bankruptcy can be a smart option if you have concerns about the following items.
Listen to Attorney Kathleen Kane speak about the people she helps 1. Your HomeChapter 13 bankruptcies will stop foreclosure and creditors by creating a structured plan of affordable monthly payments for you. Chapter 7 bankruptcies eliminate much of your unsecured debt and allow you to catch up on your mortgage payments. 2. Your Car and Other AssetsChoosing a bankruptcy chapter may force you to make choices about which assets you can realistically part with. Bankruptcy can save valuable assets from being seized and repossessed by creditors. For example, if you are behind on car payments, you can consolidate those missed payments and let your trustee distribute them to the finance company. 3. Student LoansYou know education is important, but how do you deal with the loans that follow? Bankruptcy will not eliminate them, but your loans can be consolidated into a feasible monthly payment plan through Chapter 13. 4. Medical BillsMonstrous piles of debt can result from an unexpected illness or injury. Bankruptcy is often a workable solution to deal with these large bills. 5. Job LossThe economy has made it tougher than ever to find or replace a job. Normal bills, insurance, and expenses start looming over your head after a loss of employment. Filing for bankruptcy can put you on the path to recovery even if your plans are uncertain. 6. DivorceAside from the filing process, the added costs of moving, child support, and division of property can take a serious toll on your finances. Chapter 7 or 13 can provide options for you to eliminate mounting debts from your divorce and other expenses. 7. Credit Card DebtRunning up your cards is never a smart idea but your debts can be discharged under Chapter 7 if you act quickly and reform your spending habits. 8. Other DebtsIf you are buying extra sweaters because your heat has been shut off, bankruptcy can help you create a plan to discharge your debts immediately or over time with a structured plan. 9. CreditorsCreditors sometimes take a forceful approach when collecting debts, or may attempt to collect more than you legally owe. Your attorney can get them off your back immediately! Filing for bankruptcy will stop creditors in their tracks and put an end to harassing phone calls and behavior. Your attorney (and your trustee, in a Chapter 13 case) acts as the go-between to protect your interests and reduce debts in a responsible manner. 10. Fines, Taxes, and LawsuitsUnfortunately, these issues will not disappear if you file for bankruptcy. However, filing may free up money from other debts that will allow you to take care of fines, taxes and lawsuits that require your immediate attention. These are the most popular reasons to file. Of course, there are plenty of other situations where bankruptcy could be the next logical step. Once you decide to go ahead with the process, you will have to make another choice. We call the two most common forms of personal bankruptcy “chapters,” and they include Chapter 7, or “straight bankruptcy,” and Chapter 13, or “reorganization.” There is also Chapter 11 for businesses and corporations, and Chapter 12 for farmers and fishermen, but we will stick with 7 and 13 for now. So how do they compare? Continue reading for a look at Chapter 7 and Chapter 13 Bankruptcy. ----- Do you have questions about this information?Call Attorney Kathleen Kane at 888-7 NEW START (888-763-9782). Ready to talk about your situation?Call us now or schedule a consultation online. It’s free and there’s no obligation! Not on our list yet?Subscribe now to receive all 10 issues of our email guide and learn whether a short sale, loan modification, or bankruptcy could help you get out of debt. Get Your First Issue Now!
1. Your HomeChapter 13 bankruptcies will stop foreclosure and creditors by creating a structured plan of affordable monthly payments for you. Chapter 7 bankruptcies eliminate much of your unsecured debt and allow you to catch up on your mortgage payments.
2. Your Car and Other AssetsChoosing a bankruptcy chapter may force you to make choices about which assets you can realistically part with. Bankruptcy can save valuable assets from being seized and repossessed by creditors. For example, if you are behind on car payments, you can consolidate those missed payments and let your trustee distribute them to the finance company.
3. Student LoansYou know education is important, but how do you deal with the loans that follow? Bankruptcy will not eliminate them, but your loans can be consolidated into a feasible monthly payment plan through Chapter 13.
4. Medical BillsMonstrous piles of debt can result from an unexpected illness or injury. Bankruptcy is often a workable solution to deal with these large bills.
5. Job LossThe economy has made it tougher than ever to find or replace a job. Normal bills, insurance, and expenses start looming over your head after a loss of employment. Filing for bankruptcy can put you on the path to recovery even if your plans are uncertain.
6. DivorceAside from the filing process, the added costs of moving, child support, and division of property can take a serious toll on your finances. Chapter 7 or 13 can provide options for you to eliminate mounting debts from your divorce and other expenses.
7. Credit Card DebtRunning up your cards is never a smart idea but your debts can be discharged under Chapter 7 if you act quickly and reform your spending habits.
8. Other DebtsIf you are buying extra sweaters because your heat has been shut off, bankruptcy can help you create a plan to discharge your debts immediately or over time with a structured plan.
9. CreditorsCreditors sometimes take a forceful approach when collecting debts, or may attempt to collect more than you legally owe. Your attorney can get them off your back immediately! Filing for bankruptcy will stop creditors in their tracks and put an end to harassing phone calls and behavior. Your attorney (and your trustee, in a Chapter 13 case) acts as the go-between to protect your interests and reduce debts in a responsible manner.
10. Fines, Taxes, and LawsuitsUnfortunately, these issues will not disappear if you file for bankruptcy. However, filing may free up money from other debts that will allow you to take care of fines, taxes and lawsuits that require your immediate attention.
These are the most popular reasons to file. Of course, there are plenty of other situations where bankruptcy could be the next logical step.
Once you decide to go ahead with the process, you will have to make another choice. We call the two most common forms of personal bankruptcy “chapters,” and they include Chapter 7, or “straight bankruptcy,” and Chapter 13, or “reorganization.” There is also Chapter 11 for businesses and corporations, and Chapter 12 for farmers and fishermen, but we will stick with 7 and 13 for now.
So how do they compare? Continue reading for a look at Chapter 7 and Chapter 13 Bankruptcy.
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Do you have questions about this information?Call Attorney Kathleen Kane at 888-7 NEW START (888-763-9782).
Ready to talk about your situation?Call us now or schedule a consultation online. It’s free and there’s no obligation!
Not on our list yet?Subscribe now to receive all 10 issues of our email guide and learn whether a short sale, loan modification, or bankruptcy could help you get out of debt.
