Stoughton Bankruptcy Lawyer
In today’s difficult economic times, more and more people are struggling to pay their debts. In fact, many of them have reached a point where they simply cannot continue the balancing act between delaying one payment to make another. Attorney Rachel Matos is a bankruptcy lawyer in Stoughton MA and assists clients with decision making and also possibly facing bankruptcy. You can learn more by calling 508-386-9094.
Bankruptcy in Massachusetts
Whether you are filing a Chapter 7 or a Chapter 13 claim, there are three courthouses within the state of Massachusetts where your case may be handled. These are located in Boston, Springfield and Worcester. Directions from Stoughton or anywhere in the surrounding area can be found by visiting their website. These courthouses operate from 8:30am until 5pm and accept filings up to a half-hour before close.
Chapter 7 bankruptcy differs from Chapter 13 in the sense that it is a liquidation of as many debts as possible. However, it is important to note that some debts cannot be included in this filing. These include any financial obligations concerning spousal or child support, as well as debts which come from any sort of criminal activities. Additionally, any assets that the courts see fit to be used toward paying off existing debt will have to be used for that purpose.
Chapter 13 is a plan in which the debtor works to pay off their debts over a 3 to 5-year period, depending on the details and specifics of their case. In this resolution, certain financial stipulations must be met. For example, a maximum of $394,725 in secured debt and $1,184,200 in unsecured debt is all that is allowed. Additionally, 180 days of debt counseling is usually required as well. Your bankruptcy lawyer in Stoughton will go over each of the details regarding whichever option you choose.
Experienced Bankruptcy Lawyer
Reaching the end of your financial rope can be a very unnerving reality. Don’t let the stress and anxiety of mounting debt hang over your head one moment longer. Let Stoughton, MA bankruptcy lawyer Rachel Matos help. She has helped numerous people just like you resolve their debt issues and she will do the same for you. Give her a call by dialing 508-386-9094 today.