Filing for Bankruptcy in MA

Why should I file for bankruptcy?

To take responsibility and control over your finances again and get a fresh start so that you can become a productive member of our economic society.

Also someone may just need a little more time to find another place to live before a foreclosure happens or they are evicted. as well as being protected from any potential deficiency balance It does no one any good to be perpetually stuck in a cycle of debt that cannot get paid.

I always say that if you cannot see the light at the end of the tunnel within a year or so on your own, then you are in too deep. This is when you should consider whether or not bankruptcy is the next appropriate step. If it is, then bankruptcy can be a good financial planning tool.

In a Chapter 7, a Discharge order enters a little after 60 days from the date of the 341 Creditors meeting but in a 13 the Discharge order enters only after the plan is completed. One other major thing that can only be done in bankruptcy and can be a real incentive for filing, is lien stripping. This is when we remove judicial liens from a home and treat that debt as merely being unsecured again.

This can seriously affect someones equity or whether or not they will be able to sell their house for any profit.

What will happen if I dont file?

Lawsuits, liens, garnishments and/or attachments. Not to mention the ill effects caused by the financial stress (i.e. divorce, depression, etc.)

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.

Related Articles:

What qualifies a person for bankruptcy?

What's the difference between filing chapter 7 and chapter 13?