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Chapter 7 vs Chapter 13: Which Makes More Sense? | Massachusetts Bankruptcy

Chapter 7 vs Chapter 13: Which Makes More Sense? | Massachusetts Bankruptcy

by Bankruptcy Law | Jan 13, 2021 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy | 0 comments

The choice between a Chapter 7 and Chapter 13 bankruptcy depends on the client’s financial situation, legal obligations and future plans. A Chapter 7 allows for the complete discharge of most debts. The client gets a fresh start. A Chapter 13 requires debts be repaid...
The Basics of Filing for Chapter 13 | Bankruptcy Law Firm MA

The Basics of Filing for Chapter 13 | Bankruptcy Law Firm MA

by Bankruptcy Law | Dec 23, 2020 | Bankruptcy Attorney, Chapter 13 Bankruptcy | 0 comments

In a previous blog post we discussed some of the highlights of a Chapter 7 bankruptcy filing, citing it as the most used type of bankruptcy remediation. In this blog post we will focus on the second most popular type of bankruptcy filing, a Chapter 13 bankruptcy. In a...
The Top 5 Reasons for Personal Bankruptcy

The Top 5 Reasons for Personal Bankruptcy

by Bankruptcy Law | Feb 19, 2020 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy | 0 comments

Bankruptcies occur with staggering frequency. They typically result from one of five causes: medical expenses, job loss, excessive use of credit, divorce and unexpected expenses. When these issues result in unmanageable debt, personal bankruptcy is often the only way...
How Chapter 13 Bankruptcies Work

How Chapter 13 Bankruptcies Work

by Bankruptcy Law | Oct 9, 2019 | Bankruptcy Attorney, Chapter 13 Bankruptcy | 0 comments

The U.S. bankruptcy code allows people who are insolvent to either eliminate legally dischargeable debts or restructure payments in a way that makes them solvent. Also known as a wage earner’s plan, a Chapter 13 bankruptcy is designed for debtors who have regular...
What is Chapter 13 Bankruptcy? | MA

What is Chapter 13 Bankruptcy? | MA

by Bankruptcy Law | May 22, 2019 | Bankruptcy, Chapter 13 Bankruptcy | 0 comments

Debt is difficult. Declaring bankruptcy is even more difficult. But the common misconception is that bankruptcy is inherently a bad thing. It’s, in fact, designed to help you. While there’s a lot of shame that can go into the decision, bankruptcy is designed to give...
What Financial Hardships do Millennials Face? | MA Bankruptcy

What Financial Hardships do Millennials Face? | MA Bankruptcy

by Bankruptcy Law | Apr 9, 2019 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy | 0 comments

While it’s a highly politicized issue currently, there is a truth to the financial hardships faced by Millennials that is, in many ways, completely unlike anything faced by previous generations. Millennials inherited an unstable economic market, a world of entirely...
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