Qualifying for Chapter 13 Attorney in Massachusetts
Since Chapter 13 bankruptcy is a structured debt reorganization and debt repayment plan, many people who do not qualify for Chapter 7 may qualify for Chapter 13. There are certain limitations on the amount of secured and unsecured debt that must be observed in Chapter 13 filings.
At the bankruptcy law firm of Alford & Bertrand, LLC, our attorneys focus on helping individuals and families deal with their financial challenges by seeking relief through Chapter 13 bankruptcy when Chapter 7 is not an option. We understand the stress that often accompanies bankruptcy matters and we work to minimize the additional stress placed on you by explaining each and every step in the process.
Take Action Now
If you are considering filing for bankruptcy, get in touch with our firm as soon as possible. The sooner we can determine your Chapter 13 bankruptcy eligibility, the sooner we can begin rebuilding your credit and helping you move on with your life. E-mail our Chapter 13 lawyers at any of our four Alford & Bertrand, LLC, law offices for a free consultation. Our toll-free number is 1-888-361-1693.
Qualifying for Chapter 13
To qualify for Chapter 13 bankruptcy, you must be within the limitations of maximum secured and unsecured debt set by the federal bankruptcy laws. For a Chapter 13 filing you must have:
- Approximately $1.1 million in secured debt or less
- Approximately $374,000 in unsecured debt or less
If either of your totals of secured or unsecured debt is above these limitations, then you most likely will not qualify for Chapter 13. The numbers generally increase each year so that if you think you may not qualify, before throwing in the towel, call an attorney at Alford & Bertrand, LLC to see if you may in fact qualify for the filing of a Chapter 13.
What if I Do Not Qualify for Either?
In certain situations, there may be individuals who do not qualify for Chapter 7 or Chapter 13. However, it is important for these clients to know that all is not lost. It may be possible to negotiate with creditors to begin repaying on your debts. Also, Chapter 11 is available to some individuals whose assets and liabilities are in excess of the limitations established by Chapter 13. Whatever your situation, a member of our experienced legal team can meet with you to advise you of your rights and options.
Contact Our Boston Chapter 13 Bankruptcy Eligibility Lawyers
E-mail the Massachusetts bankruptcy lawyers at Alford & Bertrand, LLC, today for more information. Our legal team can also be reached by phone at 1-888-361-1693 in Watertown, the Mattapan section of Boston, Quincy and Lynn. Evening and Saturday appointments are available.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
