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Taking control with a Chapter 13 bankruptcy filing

Thousands of Massachusetts residents face financial challenges every day that leave them making tough choices. Do I have enough gas in the tank to make it until payday so that I can use that money on groceries? Should I save money or use it to pay off debt? These issues, among many other financial concerns, are constantly on the minds of many Massachusetts residents.

But, what if there was something that people in this type of situation could do to take control of their finances? What if they could gather up all of their financial information, analyze it and then come up with a solid plan to repay their debt and find themselves with a fresh financial start in only a few years? The fact is, filing for Chapter 13 bankruptcy may be just the chance these people are looking for.

In Chapter 13 bankruptcy, the debtor can put a stop to creditor harassment, make a plan for repaying their consolidated debt over time and even stop foreclosure on a home. In a Chapter 13 bankruptcy action, credit card debt can be attacked by reducing interest payments, thereby reducing the overall debt the person would have owed had they not filed for bankruptcy. The filer will make manageable payments over the course of a few years to get their finances in order.

At our law firm, we attempt to do our best to help clients looking for debt relief by helping them file for Chapter 13. However, Chapter 13 is quite a bit different from the more common Chapter 7 bankruptcy, also known as "liquidation" bankruptcy. At our law firm, we strive to inform our clients as to their best legal options. For more information, please visit the Chapter 13 section of our website.

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