Middlesex County Debt Relief Lawyer
Today's economy has many individuals and families struggling. It is important to know that there is help and you have options. If you are considering filing for bankruptcy, enlist the assistance of attorney Maria Ioannou-Begin and her staff at The Law Office of Maria A. Ioannou-Begin. She provides experienced and aggressive legal representation that is tailored to suit your personal bankruptcy situation. The firm uses various methods of debt relief, including Chapter 7 bankruptcy.
What is Chapter 7 Bankruptcy?
The most common form of bankruptcy, Chapter 7 is the type of bankruptcy through which unsecured debt may be discharged. Some types of unsecured debt are: credit card debt, medical bills and personal loans. It is known as the "fresh start" bankruptcy, as it allows you to start over with your finances.
Filing for bankruptcy not only eliminates debt, but stops harassment, garnishment and your worries. Although certain debts such as child support cannot be discharged, most unsecured debt can be.
You may have heard of the recent change in bankruptcy law. Most people can still obtain debt relief. The new law adds some complication to the process, and attempts to prevent abuse. If your income to debt ratio is high, this could prevent you from discharging debt, but this is unusual. Chapter 13 may be an alternative. Call us to learn more.
Your "credit rating" - ability to get credit in the future - will not necessarily suffer. Although the bankruptcy filing will appear on your record, you will not have high debt discouraging lenders from extending credit to you.
Contact Ioannou-Begin Law today to learn more about the potential for regaining control of your financial situation through the filing of a Chapter 7 bankruptcy.
Ioannou-Begin Law
118 Union Avenue
Framingham, MA 01702
phone: 508-561-5419
fax: 508-877-3630