Bankruptcy Law

How do I know when I need to declare bankruptcy and which type I should file?

In our economic times, many people are facing the difficult decision of what action to take in order to help alleviate their growing debt.  Whether your debt is in the form of loans, credit cards, or unpaid bills, our attorneys can advise you on which type of bankruptcy is best for you to pursue.

Our attorneys have your interests in mind and many of them will only take your case if they know they can ensure you a favorable outcome.

The different types of bankruptcies for individuals are Chapter 7 and Chapter 13.  With Chapter 7 bankruptcy, individuals usually keep all of their assets, including their car, furniture, and public benefits, among others.  Using the Homestead statute, most Massachusetts debtors can keep their homes as well.

For individuals who qualify for declaring Chapter 13 bankruptcy, they do not have to lose their property.  Instead, the individual will set up a payment plan with bankruptcy court to pay off their debt in monthly installments over the course of three or more years.

The attorneys on our panel who specialize in bankruptcy will be able to advise you with which type of bankruptcy you are eligible for and what would be the best type for you to file.

Clients who call the referral service are often unsure of how to proceed with hiring an attorney to handle their bankruptcy because they feel they cannot afford to pay an attorney’s legal fees.  Many of our attorneys are able to work with their clients based on their situation.  For example, some attorneys will offer a monthly payment plan for their clients.*

*The National Lawyers Guild Referral Service makes no guaranteed that an attorney will take your case with a reduced fee, flat fee, sliding scale, contingency, payment plan, or other forms of financial assistance.  Many of our attorneys provide low rates and our attorneys cannot offer further rate reductions.  When placing referrals, we are only able to screen attorneys based on their location and the area(s) of law they practice.  The National Lawyers Guild is dedicated to non-discriminatory practices.  Please be advised that requests for other considerations or specific characteristics of an attorney will NOT be taken into account.