Archive | bankruptcy

Who is Responsible for Paying Bankruptcy Debts?

April 20, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Filing for bankruptcy may seem very confusing. You may be asking yourself, “Where does the debt go?” or “Who pays for the debt?”. The answers to these questions all depend on the type of bankruptcy you file, be it either a Chapter 7 liquidation or Chapter 13 wage-earner plan. Let’s unpack this and clear up […]

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How Bankruptcy Can Help in Foreclosure

March 14, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

​2017 saw the lowest number of foreclosures in the U.S. since 2005: 676,535 foreclosures. A foreclosure is when a homeowner defaults on their mortgage obligation usually when they miss three or more consecutive mortgage payments.  The lender will then typically files a Notice of Default (NOD). The lender will then take possession of the property in […]

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What Comes after Bankruptcy?

February 07, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Bankruptcy may seem like the end of the world, but we can assure you that life will go on after the filing of your petition and receipt of your discharge. Having said that, there are some steps you should take immediately following the court proceedings to get back on track. Let’s take a look: • […]

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Alternatives to Bankruptcy in MA

January 14, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Are you in debt and considering filing for bankruptcy in MA? Before you make the jump, have you considered all other possibilities and alternatives to pay off the debt? If not, keep reading! Bankruptcy should only be a last resort, after all other attempts to pay down the debt have failed. When it comes to […]

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Reasons Why People File for Bankruptcy

December 13, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

In order to know why people file for bankruptcy, one must first know what bankruptcy is. Bankruptcy, as defined by Nolo.com, is the process by which individuals and businesses clear debt with the protection of the federal bankruptcy court. Furthermore, there are two types of bankruptcies for which to file: liquidation and reorganization. Chapter 7 […]

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Considering Filing for Bankruptcy? Try to avoid doing these 6 things

November 15, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

The decision to file bankruptcy is never one to be made lightly. Whether you’re in debt from exorbitant medical bills, loss of income, or from a recent divorce, your only option to relieve yourself of the debt associated with these unfortunate events may be to file a personal bankruptcy. There are, however, certain actions you […]

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Choosing Between a Chapter 7 and a Chapter 13 Bankruptcy

October 04, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

When financial times get tough, as they have for millions of Americans, pressing the “reset” button may be the best route to take. Filing for bankruptcy as an individual can be done through either a Chapter 7 or a Chapter 13 Bankruptcy. Whether a Chapter 7 or Chapter 13 bankruptcy is the right choice for […]

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The Role of the Trustee in Bankruptcy

September 05, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Filing for bankruptcy can be an overwhelming undertaking, but one that will give you a chance at a fresh start financially. Completing the paperwork, attending a meeting of creditors, and dealing with the courts is not something to do alone. Levine Law Office recommends that you hire an experienced bankruptcy attorney to guide you along […]

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Starting the Bankruptcy Process

August 09, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

If you are thinking about filing for bankruptcy, you may be overwhelmed and feeling like this is the end of the world. Don’t panic! You are not alone in this process. Millions of Americans file for bankruptcy every year. Some for business reasons, some for financial hardships and other because an event such as a […]

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Common Mistakes When Filing for Bankruptcy

July 11, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Are you considering filing for bankruptcy like millions of Americans do every year? Know that you are not alone. But also know that there are some common mistakes that many debtors make during this complex process. Most bankruptcies go fairly smoothly when guided by an experienced bankruptcy attorney. Here are some of the more common […]

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