BANKRUPTCY SERVICES OF SOUTHEASTERN MASSACHUSETTS
CHAPTER 7 BANKRUPTCY FOR IMMEDIATE DEBT RELIEF
There are times in some people’s lives when things don’t work out as they planned. An unexpected medical bill, Covid job furlough, job loss or a separation resulting from divorce can throw a person’s financial situation into chaos. You can ignore the situation for a while, but the bill collectors get more aggressive every day. It will not go away on it’s own.
Businesses file for bankruptcy all the time when the “bottom line” get bleak. There is no shame or embarrassment. Individuals, on the other hand, can see their situation as a personal failure, even when caused by things totally outside of their control.
The decision to file for bankruptcy relief is a personal one. Each person needs to balance their current situation against securing bankruptcy debt forgiveness.
DECIDING IF BANKRUPTCY IS RIGHT FOR YOU
If you have reached a point where you do not wish to go on, and need a financial fresh start, our office can help you reach that goal with understanding and dignity. We have been helping people in financial distress for over 40 years. In most case there is no loss of property and relief begins the very moment you file. Attorney Theodore Koban has been assisting people obtain financial relief through the bankruptcy process for over 40 years. Review our FAQs to hear a few of the questions people customarily ask.
Will I Lose Everything I Own?
Absolutely not! You keep property needed for a financial fresh start. Most personal property and household goods are safe class. Equity in a home can be protected up to $500,000. There are different exemption systems that define what you can keep. We perform a complete review of your assets to determine which exemptions are best for you.
What Will Happen To Me Once I File For Bankruptcy?
When you file for bankruptcy you receive the protections of the “Automatic Stay” provisions of the Bankruptcy Act. It is then illegal for your creditors to attempt to collect monies from you without going through the Bankruptcy Court. All lawsuits, garnishments and telephone calls to your home, or place of work, must stop immediately at the moment of filing!
How Long Will It Take?
The Chapter 7 cases take four to six months – start to finish.
What Is It Like To Work with You?
Please feel free to checkout the reviews former clients have posted by clicking here.
Can I File During The Covid 19 Pandemic?
Yes. Our office is working with client’s on line as much as possible to maintain social distance. Documents can be exchanged by hand delivery or postal or electronic mail. Meetings with the US Trustee are by telephone.