Experienced And Compassionate Bankruptcy Attorneys
At Ravosa Law Offices, P.C., we help people throughout the Commonwealth of Massachusetts resolve debt problems. We offer debt settlement services and help people file for bankruptcy. Our attorneys also help people prevent home foreclosure and save homes from foreclosure, where possible.
Contact us today for a free consultation. Call a local office or contact us online. We have offices in Boston, Worcester, Natick, Hyannis and Springfield.
Bankruptcy And Debt Settlement
Filing for bankruptcy in Massachusetts can be a daunting process with so many decisions to be made. Our bankruptcy attorneys have helped thousands of people from all corners of Massachusetts. Our clients come from as far as North Adams, Gardner, Provincetown, Newburyport, Lowell, New Bedford, Taunton, Fall River, and many cities and towns in between.
Our clients do not want the local town attorney who does a few bankruptcy cases here and there. They want an experienced, available and affordable attorney who has a reputation with the bankruptcy trustees for doing an outstanding job preparing a precise and detailed petition and who other lawyers turn to for advice on bankruptcy.
We also offer debt settlement services, such as negotiation with creditors. We can evaluate your situation and provide you with options.
Understanding The Bankruptcy Process
Bankruptcy is a very complicated process and filing without an attorney – or filing with an attorney who is not as experienced in this area of law – can end up resulting in a bad outcome. That could mean having your case dismissed, losing assets, having to take time off of work for multiple 341 meetings, being denied a discharge due to omissions based on sloppy work or being subject to a United States Trustee Audit.
Having the right attorney who takes the time to make sure the information in the petition is complete, accurate and consistent can mean the difference between a case going smoothly or falling completely apart.
Even if you filed pro se or hired an attorney who is inexperienced in bankruptcy and your case is falling apart, our experienced bankruptcy attorneys can rehabilitate your case to the best possible point.
Our bankruptcy attorneys can help you every step of the way through this difficult process, determining if bankruptcy is right for you, carefully timing the best time to file bankruptcy, explaining how bankruptcy works, other options other than bankruptcy, what will be required for your specific case, the costs and how long the process will take.
Is Debt Relief An Option For You?
Filing bankruptcy is not the only option for debt relief. Some people are able to negotiate with creditors to regain their financial footing. Others still have good credit and can consolidate their loans into a more affordable package. At Ravosa Law Offices, P.C., our attorneys can help you explore debt settlement vs. bankruptcy in your situation.
However, filing for bankruptcy has many advantages. It immediately stops collections actions, repossessions, wage garnishments and creditor harassment. The benefits of bankruptcy can include:
- Ending creditor harassment: phone calls, threats and mail
- Eliminating medical bills
- Eliminating credit card debt
- Stopping utility shutoffs
- Stopping foreclosure
- Stopping vehicle repossession
- Stopping eviction
- Ending lawsuits
- Ceasing wage garnishments
- Eliminating second mortgages
- Managing back taxes and penalties
- Using the lien avoidance powers of the bankruptcy court
- Helping manage your student loans
The ultimate goal of bankruptcy is a fresh financial start so you can begin to rebuild and improve your credit score.
Choosing Chapter 7 Or Chapter 13 Bankruptcy
Deciding between Chapter 7 and Chapter 13 bankruptcy depends on your unique financial situation. Chapter 7 bankruptcy can eliminate most unsecured debts. It is usually a quicker process, taking a few months to complete. However, you must pass a means test and undergo credit counseling to qualify.
Chapter 13 bankruptcy involves a repayment plan over three to five years. The repayment plan is approved by the court and is set up so you can afford it. Chapter 13 allows you to keep your assets while you pay off most or all of your debt in an affordable way. This option can be suitable for individuals with regular income.
Your bankruptcy lawyer from Ravosa Law Offices, P.C., will work with you to determine which chapter of bankruptcy is best in your situation.
What Happens When You File For Bankruptcy?
When you file for bankruptcy, an automatic stay is issued by the court. This order stops creditors from contacting you directly. Collection activities must halt until the bankruptcy process is complete.
You will likely keep your car, retirement savings and personal belongings. Many individuals can also save their homes. Bankruptcy provides relief from overwhelming debt and allows you to focus on rebuilding your financial future.
At Ravosa Law Offices, P.C., we understand the stress you are experiencing. Our bankruptcy attorneys are here to guide you through each step of the bankruptcy process.
What Can You Not Do After Filing Bankruptcy?
After filing for bankruptcy, your credit score will likely drop significantly. This can affect your ability to obtain new credit. You may find it difficult to secure loans or credit cards with favorable terms.
Renting an apartment can become more challenging. Some landlords may hesitate to rent to individuals with a bankruptcy on their record. You might also face higher insurance premiums.
At Ravosa Law Offices, P.C., we understand these challenges. We are here to help you rebuild your financial future.
Foreclosure Prevention And Forbearance
Ravosa Law Offices, P.C., also assists homeowners who are having trouble paying their mortgages and who are trying to prevent foreclosure. Our team of experienced foreclosure attorneys and support staff has helped hundreds of people prevent foreclosure in Massachusetts.
Prevent Foreclosure
If you or a loved one is facing foreclosure, behind on mortgage payments, or receiving demand letters, act quickly. Prompt action is crucial to protecting your home from foreclosure. Foreclosures often result from sudden, unexpected events such as a death in the family, costly divorce, job loss, salary reduction, or overwhelming medical bills.
Assistance at Every Stage
An adjustable-rate mortgage (ARM) might have caused your payments to rise, or a loan modification may have failed. Communicating with your bank can be challenging, especially when employees are unresponsive. Feeling frustrated and alone is common, but you do not have to face this difficult time by yourself.
We have probably handled a case like yours before and we know what to do.
Contact Us For A Free Consultation
At Ravosa Law Offices, P.C., our bankruptcy attorneys care deeply about helping people get debt relief. We can explain your options and make a plan to get you back on track financially. Call a local office or contact us online to set up a time to talk.
TERMS & DISCLAIMERS
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
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