Bankruptcy Attorneys in Salem, Massachusetts
Protecting Your Rights in Chapter 13 Bankruptcy Filings
If you are struggling to meet your financial obligations, but are gainfully employed, you may not qualify to discharge your debts under Chapter 7 of the federal bankruptcy laws. Nonetheless, you may want to take advantage of the protections afforded by Chapter 13 of the bankruptcy laws. Filing for bankruptcy under Chapter 13 allows you to stop foreclosure, cure mortgage arrears, pay tax debts, protect unexempt property, and avoid a sale of assets that may occur in a Chapter 7. You want an experienced bankruptcy lawyer to guide you through the process, one who can help you make informed decisions that are in your best interests.
At the law office of Cohen & Associates, P.C., we work closely with individuals who are considering filing for protection under the federal bankruptcy laws. We have a comprehensive understanding of the options available for filing personal bankruptcy. To arrange a free initial consultation, contact our office or call us at 978-338-4236 or toll-free at 866-606-0238.
Our Chapter 13 Bankruptcy Practice
If you fail to qualify for Chapter 7 protection or you want to repay your debts to creditors over time, we will help you file for reorganization of your debts under Chapter 13. In a Chapter 13 bankruptcy, you agree to restructure your obligations and pay a portion of those obligations over a three to five year period.
Once you file under Chapter 13, your creditors will be prohibited from making any attempts to collect debts owed to them. Because you agree to repay a portion of your debts, you do not have to surrender any of your assets. If you keep your promises and meet the terms of your repayment agreements, you can actually improve your credit rating over the course of a Chapter 13 bankruptcy proceeding, while simultaneously reducing a significant amount of unsecured debt.
When you hire us to help you with a Chapter 13 bankruptcy filing, we will work with you to prepare and file all documents necessary to initiate the bankruptcy process, as well as any responses required by the court or the trustee. Our attorneys will proactively work with you to design and propose to your creditors' payment plans that work for you. We will also examine any proposed repayment plans to make certain they are within your means, to ensure you don't lose the protection of the bankruptcy laws by failing to meet the terms of your agreement.
To set up a free initial consultation, contact us or call us at 978-338-4236 or toll-free at 866-606-0238. We maintain flexible office hours to accommodate the needs of our clients, offering evening and weekend appointments upon request.
