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Thinking about Bankruptcy? We'll put together a plan that gives you a fresh start.

Call 978-273-8331 for a no-cost consultation.

We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.

 

Bankruptcy may help with Garnishments and Repossessions.  Let's decide your best  plan of action.

Dealing with excessive debt can be difficult for a family.  You need to understand your options before filing Bankruptcy.  There may be steps you can take to protect your assets, avoid repossession of property, and save your home. Parcellin Law will advise you about whether you qualify for Bankruptcy, what types of debts you may be able to eliminate or modify, and procedures to follow throughout the Bankruptcy process. With our help, you can resolve debt-related issues and ensure that your family can maintain financial stability.

Chapter 7

Straight Liquidation

Chapter 7 is a straight bankruptcy that eliminates most of your unsecured debts. This option is best for those with a high amount of unsecured debt such as credit cards, personal unsecured loans, payday loans and most wage garnishments.  After your Chapter 7 bankruptcy is discharged, you will be forgiven of most unsecured debt, giving you a fresh start and a new lease on your financial life.

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Chapter 13

Wage Earner Plan

Chapter 13 is a court-approved debt consolidation plan that allows you to repay your debts in three to five years. Debts are consolidated into a lower, more manageable payment, and they can often be repaid at a lower interest rate and at less than 100% of what is owed. To qualify for Chapter 13, debtors must have some form of income, so they are able to make the required monthly payments.
Assuming the debtor makes the monthly payments as agreed, the result of the Chapter 13 process is being debt-free in a relatively short period of time. This type of bankruptcy also allows debtors to avoid a home foreclosure by paying the amount they are behind on their mortgage through the debt repayment plan and resuming monthly mortgage payments.

 

Get in Touch

7 Elm Street #248
Boxford, Massachusetts 01921

phone/txt 978-273-8331

fax 978-307-5863

 

phone/txt 978-273-8331

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