Bankruptcy Attorney in Fall River, MA: What You Need to Know

Understanding Bankruptcy

Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court. If you're considering this option, hiring a bankruptcy attorney in Fall River, MA can be crucial to navigating the complexities of the law.

Types of Bankruptcy

There are several types of bankruptcy, but the most common for individuals are Chapter 7 and Chapter 13.

• Chapter 7: Known as liquidation bankruptcy, it allows you to discharge most of your debts.
• Chapter 13: Also called reorganization bankruptcy, it lets you create a plan to repay your debts over three to five years.

Choosing the right type of bankruptcy depends on your financial situation and long-term goals.

Why Hire a Bankruptcy Attorney?

A bankruptcy attorney can offer invaluable assistance and guidance through the entire process.

Expert Advice

Attorneys provide expert advice on the best bankruptcy chapter for your situation and ensure that you are aware of all your options, including filing medical bankruptcy if applicable.

Filing Assistance

The process of filing for bankruptcy involves a significant amount of paperwork and documentation. An attorney helps ensure all forms are filled out correctly and submitted on time.

Finding the Right Attorney

Finding the right attorney in Fall River, MA, involves researching their experience, checking client reviews, and ensuring they specialize in bankruptcy cases.

Consultations

Most attorneys offer a free initial consultation. Use this opportunity to ask questions and gauge their understanding and approach to your case.

FAQ

For those who find themselves overwhelmed by debt, seeking help filing bankruptcy could be the first step towards financial recovery and peace of mind.