Boston Chapter 13 Bankruptcy Lawyer

Chapter 13 Bankruptcy Information

Chapter 13 is a bankruptcy alternative for those who have too many assets to qualify for chapter 7, or do not choose that form of bankruptcy. The individuals who file for Chapter 13 typically have substantial assets (such as homes or vehicles) and a steady paycheck, either from employment or in income from self employment.

If you file for Chapter 13, you will be asked to formulate a creditor payment plan that allows you to affordably repay your debts over a period of time. Depending in your specific circumstances, you will pay back from 0% to 100% of the debt that you owe. Even if you end up paying back 100% of your debt, it is still preferable to paying your creditors outside of the bankruptcy process, as Chapter 13 enables you to pay off debts at an interest rate of 0%. A Boston bankruptcy lawyer should assist you in managing the process of filing Chapter 13, as the complexity of filing of a petition and providing all the necessary documentation and information can be extremely difficult and complex .

My name is Roushi Sahagen, and I serve the Boston community at my law firm, Infinity Law Group. Before I was an attorney, I worked in the financial industry for several years, so I fully understand the bankruptcy process and the benefits it can provide. If you are considering Chapter 13, contact my offices. As the process of filing chapter 13 can be extremely complex, and you want to get the most out of the process, it is not advised that you attempt it on your own. Doing so could lead to complications, delays, and even a denial of the opportunity to file.

The Advantages of Chapter 13

There are many advantages to filing for Chapter 13 bankruptcy, including:

• The ability to halt home foreclosure and catch up on your past due mortgage payments
• The ability to halt property repossession
• The ability to keep all of your property and assets
• The ability to remove liens on your property, such as a second mortgage
• The ability to discharge unsecured debts such as loans or credit cards

Experiencing financial strain as a result of your significant debt load? Contact a Boston Chapter 13 bankruptcy attorney who may be able to help you relieve yourself of that debt through the bankruptcy process.