Filing Chapter 13 Bankruptcy To Get Relief
For many people, their home and their business are two of the most important things in their lives. The desire to protect and retain these most essential assets is often overwhelming.
If you are behind on your mortgage payments and are worried about losing your home, if the taxman has been knocking at your door seeking payment of taxes owed, or if you have your own business (in your name individually) which is in financial trouble, Chapter 13 bankruptcy protection may be the relief you need.
At The Law Office of Barry R. Levine, we have helped individuals and businesses on the North Shore of Boston fix their financial problems so they can re-establish their credit and move on. Our founding attorney, Barry R. Levine, has 40 years’ experience with a variety of bankruptcy issues. He is well-equipped to determine whether this approach is the right one for you.
What You Need To Know About The Wage Earner’s Plan
Chapter 13 is also known as “the wage earner’s plan” because it allows those with a consistent wage to receive bankruptcy relief.
If you qualify to file this type of bankruptcy, you may be able to improve your financial well-being by:
- Avoiding foreclosure
- Paying back taxes
- Stop interest from increasing on your loans
- Keep valuable assets and property
Rather than liquidating your debt and receiving a fresh start, debtors filing Chapter 13 repay a portion of their loans using a payment plan that spans three to five years. Individuals or businesses that fulfill their obligations can discharge their remaining debt and hold onto their secured assets.
How We Can Help You
Attorney Levine is intimately familiar with the requirements you will need to meet to qualify for Chapter 13 bankruptcy and the process you will need to follow to fix your debt problems. With our team’s assistance, you can navigate this complicated process and avoid legal pitfalls that can prolong or stop proceedings.
When you retain our team, we will help you complete and file the paperwork to get you started. Barry will customize a realistic repayment plan that reflects your financial situation and enables you to move in the right direction.
As your advocate, we strive to lessen the stress that you feel during this overwhelming time. Hiring us allows you to stop creditor harassment and take the first steps toward regaining control over your finances.
Talk To Us Today!
We want to help you secure the debt relief that you deserve. Please contact our Beverly office to arrange your no-cost, no-obligation consultation with a skilled legal professional. Call 978-419-2870 or email our Massachusetts firm to connect with us.