Established Massachusetts Bankruptcy Attorney
Are you in a situation where you are unable to pay your debts? Chapter 7 is a form of bankruptcy that is designed to offer a fresh start for individuals who have become so burdened by debt that they are unable to repay their debtors.
There can be certain legal issues that arise when filing for Chapter 7 bankruptcy, and having the help of a seasoned bankruptcy lawyer can be beneficial. Our attorney at Konstantilakis Law PC has over 10 years of experience helping clients navigate a wide range of legal situations.
Why File Chapter 7?
There are many advantages to Chapter 7 bankruptcy, for example:
- Stopping any lawsuits against you
- Ending calls from collection agencies
- Discharging a wide range of debts such as credit card, personal loans, and income tax
- You can keep your house and car if you are current on payments for them
What Debts Aren’t Covered
While filing for Chapter 7 can resolve a large portion or all of your unsecured debts, there are certain debts which cannot be discharged. These debts include certain tax debts, child support, alimony, and fraudulent debts. If you are behind on your house, furniture, or car payments, you must become current on them if you want to be able to keep them.
Contact A Knowledgeable Peabody Chapter 7 Attorney
At Konstantilakis Law, we understand that you are likely in a fragile financial state, but we can still accommodate your budget. Our attorney can also take the time to talk with you to determine if Chapter 7 or Chapter 13 is right for you and develop a legal strategy that is focused on you and your specific needs and reasons for filing bankruptcy.