Quincy Bankruptcy Lawyer
Bankruptcy in Quincy, MA can be an emotionally-draining process for those who are not prepared for it. There are different types of bankruptcies, each with their own procedures and implications. And some types of debt cannot be resolved by any form of bankruptcy. Before you proceed with bankruptcy proceedings, you should get legal representation to advocate for what’s best for you. Attorney Rachel Matos is an experienced bankruptcy lawyer in Quincy MA. Attorney Matos will use her knowledge to determine the best course of action for you. Call 508-386-9094.
Bankruptcy in Massachusetts
Massachusetts has three bankruptcy courts. The closest bankruptcy court to Quincy is located 10 miles away in Boston. The second bankruptcy court is in Worcester, which is 50 miles away. The bankruptcy court in Springfield is 115 miles away from Quincy. All three courts are open on business days from 8:30am to 5pm. However, filings are only accepted up until 4:30pm.
Chapter 7 bankruptcy, also known as a liquidation bankruptcy, gathers all of the debtor’s property and classifies each piece as exempt or non-exempt. Non-exempt property is sold to pay outstanding debts. Once the non-exempt property is sold, the remaining debts are discharged. Some types of debts cannot be cleared by chapter 7 bankruptcy, including spousal support, child support, and debts accrued through criminal activity such as fraud and DUIs.
Chapter 13 bankruptcy, also known as a wage-earner’s plan, sets up a 3-to-5 year repayment plan for the debtor. In order to qualify for a repayment plan, the debtor must have less than $394,725 in unsecured debt and $1,184,200 in secured debt. The debtor is also required to undergo credit counseling for 180 days prior to filing chapter 13 bankruptcy. Chapter 13 bankruptcy can forestall home foreclosures, protect family members from the debtor’s fiscal responsibility, and halt contact from bill collectors.
Experienced Bankruptcy Lawyer
For those new to bankruptcies, paying court fees and lawyer fees to declare bankruptcy may sound counter-intuitive. As a bankruptcy lawyer in Quincy MA, when you hire Attorney Rachel Matos, she will recommend the best course of action for your financial situation, negotiate with your creditors, and ensure that you do not lose property to which you are entitled. Contact Quincy bankruptcy attorney Rachel M. Matos today, at 508-386-9094.
“I was having financial difficulties after losing my job. I was fortunate to find a person who really cared and fought for me during this time in my life. Attorney Matos was that person. She analyzed my situation and applied the laws of bankruptcy that helped get my life back on track. I am forever grateful!”