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Chapter 11 Bankruptcy

Chapter 11 allows qualified individuals and businesses to reorganize their obligations and pay their debts over time. A Chapter 11 bankruptcy is commonly referred to as “business reorganization.” Chapter 11 is almost always limited to business bankruptcy filing although it is a rarely used option for individuals. Businesses that elect to file Chapter 11 bankruptcy […]

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Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a consumer bankruptcy option that essentially consolidates all of your debts into one large debt, and allows you to make a single monthly payment to retire the debt. This type of bankruptcy is commonly referred to as a “Court Ordered Debt Consolidation.” A Chapter 13 bankruptcy filing will making it easier […]

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Chapter 7 Bankruptcy

With a Chapter 7 bankruptcy you can wipe out common, unsecured debt if you meet the standards established in 2005 and commonly referred to as a “Means Test”. A Chapter 7 bankruptcy is commonly referred to as a “Straight Bankruptcy”. A Chapter 7 bankruptcy will eliminate unsecured debts including credit cards, personal loans, medical bills […]

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Bankruptcy Basics

Bankruptcy Is A Legal Solution to reduce or eliminate debt, control actions that creditors can take against you and provide you with a fresh financial start. Bankruptcy laws were created to help average, hard working people that have become overwhelmed by their financial plight. Bankruptcy will be noted on your credit report for 7-10 years […]

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Is Bankruptcy Really Your Only Choice?

I have been certified in both consumer and business bankruptcy by the American Board of Certification for 24 years. I am a 25-year member of the American Bankruptcy Institute as well as the founder and often chairman of the Bankruptcy Section of the Worcester County Bar Association. Often, my tactic is to find solutions which […]

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