Salem Massachusetts Consumer Bankruptcy Attorney
Located in Salem, Massachusetts, Laurence M. Kelley, Attorney at Law represents consumers in bankruptcy and other debt relief solutions.
We take the time to listen to you, assess your situation and present you with options. Our advice is based on extensive experience. Our goal is to provide you the information you need to make informed decisions.
For information about our qualifications and some of the benefits of retaining our services, please visit our Firm Overview.
To discuss consumer bankruptcy or other solutions outside bankruptcy with an experienced Massachusetts attorney, please call 978-740-1070 to schedule a free initial consultation.
Consumer Bankruptcy: Chapter 7
Bankruptcy laws were designed to give you a fresh start. Chapter 7 bankruptcy is sometimes referred to as a straight bankruptcy.
In the most simplistic terms, a Chapter 7 bankruptcy requires you to list your assets and debts. Massachusetts law allows you to keep certain assets, and the remaining assets are handed over to a trustee to be divided amongst all your creditors.
Afterwards, you can begin again, debt free (except for any debts you elected to keep, such as a mortgage or car loan).
For more information about Chapter 7 bankruptcy or to discuss your options with a consumer bankruptcy lawyer, please schedule a free confidential consultation by calling us at 978-740-1070 or filling out our intake form and we will contact you.
Consumer Bankruptcy: Chapter 13
Chapter 13 bankruptcy is sometimes referred to as personal reorganization bankruptcy. As the name implies, you can use a Chapter 13 bankruptcy to stop a foreclosure or repossession in an attempt to reorganize your debt into manageable monthly payments.
Typically, your debt is restructured into payments over a three to five year period.
For more information about Chapter 13 bankruptcy or to discuss your options with a consumer bankruptcy lawyer, please schedule a free confidential consultation by calling us at 978-740-1070 or filling out our intake form and we will contact you.
Consumer Debt: Options Outside of Bankruptcy
Bankruptcy is not right for everyone. Consequently, there are alternatives outside bankruptcy available to consumers. Some of these options include:
- Debt counseling - this option may also be required in bankruptcy, but sometimes debt counseling can help you develop a personal plan to avoid further debt and pay off current debt.
- Debt litigation - this option is for consumers who dispute all or part of the debt.
- Debt settlement - this option includes negotiating the amount and terms of a payment directly with a creditor.
Contact an Experienced Salem Consumer Bankruptcy Lawyer
For information about bankruptcy and bankruptcy options, or to discuss your bankruptcy matter with an experienced attorney, please schedule a free confidential consultation by calling us at 978-740-1070. If you prefer, you may fill out our intake form and we will contact you.
