Massachusetts bankruptcy attorney Robert H. Prince takes care to provide his clients with high-quality services personalized for their unique needs. He is available for professional, courteous, and efficient consultation, Monday through Saturday. Our Salem NH law firm serves our bankruptcy clients in Rockingham County, NH, Strafford County, NH, Essex County, MA, Middlesex County, MA.
Massachusetts Bankruptcy Attorney
Financial troubles are never ideal, but in some cases, you may have no other choice than to declare bankruptcy. Although this term has a bad connotation, there are ways to conduct a Chapter 7 or a Chapter 13 bankruptcy in a straightforward, manageable manner. In fact, after going through the process with the help of an experienced and expert Massachusetts bankruptcy attorney, you may just be able to reclaim your financial freedom and move forward without the stress and the immense weight of substantial debt.
At the Law Office of Robert H. Prince, we’ve helped hundreds of individuals throughout Massachusetts with their bankruptcy needs. Our main goal is to help you successfully get out of debt through dedicated legal guidance and representation. We will also make sure that you’re informed throughout every step of the bankruptcy process, giving you full involvement over the difficult decisions you may be asked to make. For a free consultation with Massachusetts bankruptcy lawyer Robert H. Prince, call our MA office today at (617) 721-9141.
Massachusetts Chapter 7 Bankruptcy
In Massachusetts, Chapter 7 bankruptcy is designed to give you a “fresh start.” This process involves a liquidation where a trustee collects your assets and then sells any non-exempt assets. Common exempted assets in Massachusetts often include:
- Burial assets
- Displacement benefits due to eminent domain
- Fraternal benefit society benefits
- Homestead or residential properties
- Pension and retirement
- Veteran’s benefits
- And many others
Several types of personal property are also exempt under Massachusetts law, such as jewelry, household furniture, books, and other items.
As such, when declaring Chapter 7, your trustee sells any non-exempt assets. The net proceeds of the liquidation are then distributed among your creditors.
Massachusetts Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a little different than Chapter 7. For this option, the debtor proposes a three- to five-year repayment plan. While Chapter 7 is designed to eliminate your debts, Chapter 13 can be a good option when avoiding foreclosure, making up missed payments, paying back taxes, and keeping valuable non-exempt property, among other reasons.
Chapter 13 bankruptcy, in other words, gives you a little breathing room while letting you keep non-exempt assets, such as a home or car, that might otherwise be sold in a Chapter 7 bankruptcy.
How a Bankruptcy Lawyer Can Help
As a top-rated Massachusetts bankruptcy attorneys, we can help you through the Massachusetts bankruptcy process, no matter if you are filing for Chapter 7 or Chapter 13. Some ways we can help you through your bankruptcy can include:
- Filing your petition in courts
- Appear on your behalf in court, if necessary
- Handle creditors
Our dedicated legal representation is designed to help you retake control of your finances, and we will walk with you during every step of the process. You don’t have to go through your bankruptcy alone!
Contact the Law Office of Robert H. Prince Today
Bankruptcy attorney Robert H. Prince specializes in helping good, honest people regain control of their finances. We will do everything under Massachusetts bankruptcy law to help you eliminate, reduce, or re-structure your debt. We will also look out for your rights and interests so that you can receive the most benefit out of this difficult situation. For a free, no-obligation consultation with Massachusetts bankruptcy attorney Robert H. Prince, call us now at (617) 721-9141.