Reset Your Credit Standing by Filing for Bankruptcy in Rockland, MA

 

There are many reasons why people find themselves unable to pay their creditors what they owe them on time. If your debts far exceed your earnings and savings, it will be better if you act fast to avoid complete financial ruin.  Take control of your financial situation by filing for bankruptcy in Rockland, MA.

Now that you have decided to proceed with the bankruptcy filing process, you want representation from a lawyer who knows how to serve clients. At Gilbert Law Offices, P.C., knowledgeable attorneys experienced in Bankruptcy Law provide you with the legal services that you need.  

We can assist you in filing for Chapter 7 bankruptcy that puts an immediate hold on your outstanding debt. Under Chapter 7, you do not have to pay back unsecured debt; however, the court may require you to sell assets to cover secured loans. A Chapter 13 filing allows you to repay your debts according to a court-ordered payment plan. 

Some of your assets may qualify for exemption in bankruptcy, meaning you may be able to retain ownership of them. In addition, while a bankruptcy filing can help you make a fresh start with your credit, it does have a lasting effect. A bankruptcy can remain on your credit report for seven to ten years, so you should consider all of the facts before making a final decision. Contact our law firm for additional details about filing for bankruptcy.