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Bankruptcy Law
Find relief and get a fresh start.
Federal bankruptcy law provides protections for individuals unable to pay off debts. The Law Office of Frank J. Addivinola, Jr. assists Massachusetts residents to stop calls from collectors and avoid threats of losing their family home.
Stop creditor harassment. Avoid foreclosure. Protect assets.
Chapter 7 Bankruptcy — Discharge of Debts
Despite recent changes in federal bankruptcy law, Chapter 7 bankruptcy remains a viable option for debt relief. Under Chapter 7, all unsecured debt (credit card balances and medical bills) may be discharged. The new "means test" was intended to encourage more people to enter repayment plans, but many debtors will still fall below the income guidelines and qualify for Chapter 7 bankruptcy.
Timing of your bankruptcy can have a significant effect, as the Chapter 7 means test averages all household income in the six months prior to filing. If you were unemployed or on disability income before landing a good-paying job, you might still be eligible for Chapter 7.
Chapter 13 Bankruptcy — Debt Repayment
Debt repayment plans help homeowners and businesses by placing a stop to creditor harassment and halt house foreclosure or vehicle repossession. Chapter 13 bankruptcy plans establish a debtor’s ability to repay debts, spread over several years. If you have little or no equity in your house, but owe substantial past due payments on your mortgage, Chapter 13 repayment may be your best option.
We advise on the pros and cons of filing for Chapter 7 or Chapter 13 bankruptcy, including when to file, which assets are exempt from liquidation, and which debts cannot be discharged.
We help people file legal documents for bankruptcy under the bankruptcy code.
Creditor Rights
We also offer representation to creditors in bankruptcy court such as contractors, suppliers, and other business creditors in matters involving hidden assets, motions for relief from stay, proof of claims, and bankruptcy fraud.
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