Chapter 13 Bankruptcy Lawyer in Massachusetts | Debt Relief Options
A Chapter 13 bankruptcy lawyer can help you decide if Chapter 13 can relieve your debt if you don't qualify for Chapter 7. Regular income earners who can repay a court-approved payment plan can use Chapter 13. Some self-employed people and sole proprietors may qualify, depending on eligibility. Chapter 13 is not all about liquidation, unlike Chapter 7. Most eligible debtors pay under a plan for three to five years and keep the property. This structure can be particularly helpful to homeowners who need time to address mortgage arrears and possibly avoid foreclosure, if they meet the requirements of the bankruptcy process. Residents can get expert bankruptcy advice from Massachusetts Bankruptcy Center. The firm has helped clients understand complex legal and financial issues in plain language for 23 years. Cost is another factor when choosing a lawyer. If necessary, lawyers can offer bankruptcy-compliant payment plans to help qualified clients manage legal fees and other financial obligations. If chapter 7 bankruptcy doesn't work for you, a chapter 13 bankruptcy attorney can explain eligibility, repayment, and property considerations, as well as debt relief options, before you file.