338 Elm Street, Gardner, MA 01440
LaRoche Law
CALL FOR A FREE CONSULTATION 978-632-1633

Seasoned Orange, Fitchburg and Gardner Bankruptcy Attorneys Advocate for You

We keep you informed throughout the legal process

With more than 20 years of experience in bankruptcy law, LaRoche Law guides and advocates your behalf. Bankruptcy has given millions of Americans alternatives that allow an individual or small company time to reorganize and get back on track financially.

The new bankruptcy law passed in 2005 includes a means test, which is a formula to determine whether or not the consumer have enough money to make minimal payment to creditors in a Chapter 13 bankruptcy plan. An individual must pass the means test to be eligible for Chapter 7 relief. Our bankruptcy lawyers have the experience to evaluate your situation and develop a plan tailored to your individual needs. We are your voice in loan modification proceedings and can protect you from harassing creditors. If you are considering bankruptcy, make sure to have a qualified Orange bankruptcy attorney by your side.

Chapter 7 bankruptcy

Chapter 7 bankruptcy is the most common type of bankruptcy filing. Under Chapter 7, you are provided with certain exemptions — items that may not be sold to pay off your debts. These exemptions include a house and car, even if you are behind on those payments. Often any unsecured debts, such as credit card and medical bills are completely forgiven with a bankruptcy filing. Your Massachusetts Chapter 7 bankruptcy lawyer is available to answer any questions before, during and after your filing.

Chapter 13 bankruptcy

Unlike a Chapter 7 bankruptcy filing, which eliminates a person’s debt, a Chapter 13 bankruptcy filing assists an individual or a small company in reorganizing debt, which he or she pay off under a revised payment scheme. Generally, a Chapter 13 bankruptcy proceeding appears on your credit report for seven years, while a Chapter 7 filing remains for ten years. A dedicated Massachusetts chapter 13 bankruptcy lawyer can help develop a debt consolidation program that works for you.

The loan modification option

A loan may be modified with or without filing bankruptcy. If you foresee trouble maintaining your monthly payments, a loan modification may help. It can serve as an important tool in your bankruptcy filing. A loan modification may be your best option if you face a sudden such as:

  • Loss of a job
  • Unexpected and significant business losses
  • A new financial obligation, such as surgery or emergency home repair
  • Unforeseen tax obligations
  • An increase in child support demands

Contact a knowledgeable bankruptcy lawyer

If you are considering filing for bankruptcy, the legal team at LaRoche Law is here for you. We answer all your questions throughout the legal proceeding and keep you informed every step of the way. We offer all clients a free initial consultation. Call today at 978-632-1633 or click here to contact us to set up an appointment at a time convenient for you.

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