In order to obtain funds for your business, you may have personally guaranteed a loan that could not be secured by assets in the business. If the business fails, chances are, you won’t be able to repay the loan and the bank will come after you personally to repay the loan if the business has [...]
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Boston Bankruptcy Attorney Answers Chapter 7 &13 Questions
About
Infinity Law Group LLC is a boutique law firm located in Quincy, Massachusetts. Our areas of practice include bankruptcy, divorce, family law, prenuptial agreements, estate planning with wills and trusts. Infinity Law Group was started in 2006 and has been under the ownership of Gabriel Cheong, Esq. since 2008. Roushi H. Sahagen, Esq. joined the firm in 2009 and practices primarily in the field of bankruptcy.
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What’s better – short sale or bankruptcy?
Filing for bankruptcy might be preferable to a short sale if you have a recourse mortgage loan and you have other debts besides your house. A Chapter 7 bankruptcy filing can discharge the mortgage debt as well as any personal obligation for a second mortgage or line of credit (given that you’ll no longer live [...]
Read MoreIf I’m married, do we both have to file for bankruptcy together?
The answer to that question depends on many factors such as the level of income of both parties, and whether debts are joint debts.
If one spouse accumulated the debt prior to marriage, then he/she may file without involving the other spouse. However if the debt is jointly held, then both will have to file together [...]
Recent Posts
What’s better – short sale or bankruptcy?
February 25, 2010
If I’m married, do we both have to file for bankruptcy together?
February 22, 2010
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(617) 273-5110
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