Chapter 13 Bankruptcy Lawyers in Boston, Massachusetts
If asset liquidation and discharging debt under Chapter 7 isn't an option for resolving your debt relief problems, a repayment plan through Chapter 13 bankruptcy can help save homes, cars and payoff other debt under more favorable conditions. Dane Shulman Associates, LLC has been helping families and business owners throughout the greater Boston area evaluate their needs and pursue legal options that make the most sense for their lives.
We care about the people in the communities we serve. The firm has been in the same location for decades and the Dane Shulman name has been known for excellence for a half-century. To take advantage of our big-picture approach to your life, including debt relief, contact us today.
Avoiding home foreclosure through Chapter 13
Chapter 13 bankruptcy, also referred to as the wage earner's plan, is a form of debt consolidation that allows you to use your existing income to make reasonable, planned payments to certain creditors over a three to five year period. Once you file, an automatic stay goes into effect against all creditors that prevents any further collection action against you, effectively putting an end to harassment.
The stay will stop a home repossession while our experienced bankruptcy attorneys help you resolve your past-due mortgage payments, negotiate lower payments or forgive some balances. We can even help you eliminate related second mortgages and home equity loans.
Addressing your other outstanding debts
Once a court-appointed trustee files your repayment plan under more practical terms for paying off consumer debt by carefully distributing available funds, most creditors accept the terms. Depending on their type of claim, they may still not get paid back in full or recover anything at all:
Priority claims - paid back in full, including many taxes and bankruptcy expenses
Secured claims - bank loans where there exists a legal right to reclaim assets
Unsecured claims - credit card debt, medical bills and more combined and split among creditors who may get no more than through liquidated under Chapter 7
Divorces, personal injury lawsuits and other legal challenges can complicate a bankruptcy filing. Because we take a comprehensive approach to helping clients, we have the experience you need to handle all your related concerns through one advocate committed to your success. Most bankruptcy attorneys limit their practice to only bankruptcy. They are unaware of the interplay with other legal matters you may have. We have the knowledge and resources of a team that works together for your optimal results.
Put your life, family and community back on sound financial footing
Your financial and personal well-being is important to us. If you want to avoid foreclosure, pay off your debts and look forward to a brighter future for your loved ones, contact the Chapter 13 bankruptcy lawyers at Dane Shulman Associates today. Call for a free consultation.
Federally Designated Debt Relief Agency
