Providing Legal Representation for Bankruptcy in Massachusetts
If you are in need of relieving your debts, our Peabody bankruptcy attorney at Konstantilakis Law PC can guide you through the process of filing for Chapter 13. The main purpose of filing Chapter 13 is to submit a plan for repayment to your debtor, usually over 3 to 5 years.
When establishing the grounds for your bankruptcy filing, it is important to review them with a Chapter 13 lawyer in Peabody. Our attorney can help you successfully navigate the issues that surround bankruptcy filings.
Is Chapter 13 Bankruptcy the Right Choice for You?
Filing for Chapter 13 could help you when:
- Maintain excessive disposable income
- Have a 2nd or 3rd mortgage on your home
- Have a rental property whose value is less than its mortgage
- Are behind on your mortgage payments
- Have debts that cannot be discharged in Chapter 7
How Payment Amounts Are Determined
When filing for Chapter 13, you will have a repayment schedule that you will have to adhere to with your debtor. This schedule and the amount you will be paying will consider your income, any assets, debts, and expenses. Typically, the most crucial factor is your disposable income.
Contact Our Experienced Bankruptcy Lawyer
When working with our attorney at Konstantilakis Law, our clients experience a holistic approach to their bankruptcy claim. This means that their entire financial history is reviewed in-depth and examined before a legal course of action is developed. We work closely with our clients to understand their goals, which helps us decide which legal strategy might best fit their situation. Call our office at 978-826-5906 and schedule your consultation today!