Are you only able to pay the minimum payments on your credit cards?
If you are eligible for Chapter 7 bankruptcy you may be able to discharge or terminate these debts, without paying any money back. If not, Chapter 13 bankruptcy permits you to enter into a payment plan and stop the accrual of interest and penalties.
Has your car been repossessed?
You may owe money to the bank or leasing company, and may be subject to a lawsuit and/or wage garnishment. Bankruptcy protects you, and you may even be able to get your car back and seek a loan modification.
Has your bank or mortgage company threatened you with foreclosure?
Bankruptcy temporarily stops the foreclosure process and may provide you with additional time to negotiate a loan modification or in some limited circumstances get rid of a home equity line of credit.
Are you being threatened or sued by a creditor for failure to pay?
Depending on your income and expenses, bankruptcy may eliminate or reduce the amount of money you owe.
Do you owe back taxes?
Before discussing a payment plan with Internal Revenue Service you should find out if the taxes you owe can be discharged through bankruptcy.
Are you living paycheck to paycheck due to overspending and credit card debt?
It may take many years to pay off all of your debts. Depending on your income, bankruptcy may provide you with a clean slate or the ability to consolidate your debts without paying interest and penalties.
Are you the owner of a struggling business that may be forced to close soon?
There is no need to dip further into savings. Being proactive with bankruptcy will protect personal assets such as your home, car, and retirement accounts from creditors.
Taking the First Step
If you wish to explore filing for bankruptcy in Massachusetts, please contact the Law Offices of James Benjamin at 617-431-8071, or visit www.jbenjaminlaw.com/bankruptcy to learn if bankruptcy is right for you.
WARNING: THIS POST IS AN ADVERTISEMENT FOR THE LAW OFFICES OF JAMES BENJAMIN. THE INFORMATION CONTAINED HEREIN DOES NOT CREATE AN ATTORNEY CLIENT RELATIONSHIP AND SHOULD NOT BE RELIED ON AS FORMAL LEGAL ADVICE.
DEBT RELIEF AGENCY – THE LAW OFFICES OF JAMES BENJAMIN IS A FEDERALLY RECOGNIZED DEBT RELIEF AGENCY THAT OFFERS LEGAL REPRESENTATION UNDER THE UNITED STATES BANKRUPTCY CODE.