Debt Settlement Strategies: Negotiating With Creditors for a Fresh Start
Debt settlement can be an effective way to get rid of debts you cannot afford to pay. However, there are pros and cons to the various debt settlement strategies. Our New Bedford bankruptcy lawyer discusses what you need to know about negotiating with creditors in this blog.
Advantages and Disadvantages of Subchapter 5 Bankruptcy
Subchapter 5 Bankruptcy, introduced under the Small Business Reorganization Act of 2019, is designed to offer a lifeline to small businesses struggling with debt. By providing a more streamlined and cost-effective path to reorganization, it aims to preserve business operations and save jobs. However, like any...
Chapter 11 Bankruptcy Process for Small Businesses
Is your business facing financial uncertainty? It’s not uncommon, though you may be wondering what your options are. Chapter 11 bankruptcy presents an option for business owners looking to restructure debts without halting operations. This guide, from our Massachusetts bankruptcy attorney, explores the Chapter 11 process as a practical approach for...
Creating a Feasible Repayment Plan in Chapter 13 Bankruptcy
Chapter 13 Bankruptcy, often referred to as a wage earner's plan, permits individuals with a steady income to develop a plan to repay all or a portion of their existing debts. Unlike Chapter 7, which liquidates assets to pay debts, Chapter 13 focuses on allowing debtors to keep their assets while making...
Qualifying for Chapter 7 Bankruptcy: Eligibility Criteria
Chapter 7 bankruptcy offers a fresh start for many individuals and businesses experiencing financial troubles. Known as "liquidation" bankruptcy, Chapter 7 allows people to get rid of eligible debts after selling nonexempt assets.
Wondering if you are eligible to file for Chapter 7 bankruptcy?
In...
The Role of Bankruptcy Lawyers as Financial Advocates in Wareham, MA
Bankruptcy lawyers in Wareham, Massachusetts, serve as financial advocates, guiding individuals and businesses through turbulent financial waters. In this article, we explore the indispensable role these legal professionals play in helping clients regain their financial footing amidst challenging circumstances. As Wareham residents and businesses face the daunting prospect of financial distress,...
Local Heroes: How Bankruptcy Attorneys Make a Difference in New Bedford, MA
Bankruptcy attorneys in New Bedford, Massachusetts, play a pivotal role in the lives of individuals and businesses facing financial turmoil. These legal professionals are the guiding lights when navigating the complex landscape of debt, insolvency, and financial rehabilitation. In this article, we delve into the essential role played by bankruptcy attorneys in...
Bouncing Back After Bankruptcy: Rebuilding Credit and Financial Confidence in Fall River, MA
In the heart of Fall River, Massachusetts, where resilience and determination are part of the city's fabric, individuals facing the aftermath of bankruptcy embark on a journey of financial recovery. Bankruptcy may bring temporary relief, but it's the path to rebuilding credit and restoring financial confidence that truly defines one's financial future....
Art of Negotiation: Unconventional Approaches to Settling Debts in New Bedford, MA
In the bustling city of New Bedford, Massachusetts, where financial challenges can sometimes weigh heavily on individuals and businesses, the art of negotiation emerges as a potent tool for settling debts and regaining financial stability. This article delves into the pivotal role of negotiation, unveiling unconventional and creative approaches that go beyond...
Fall River’s Financial Landscape: The Impact of the Corporate Transparency Act on Local Businesses
The Corporate Transparency Act (CTA) has emerged as a transformative force in the financial landscape of Fall River. This landmark legislation, signed into law to combat money laundering and illicit activities, has ushered in a new era of transparency and accountability for businesses across the United States....