Chapter 13 to Chapter 7 Bankruptcy Provides Fresh Start

April 19, 2016

Client came to us two days before foreclosure auction on his home in Newburyport, MA. Client had fallen behind on mortgage and credit card payments after having been laid off 18 months earlier. Client had been unsuccessful in obtaining loan modification due to lack of income. We filed a chapter 13 bankruptcy on behalf of the client, which stopped the foreclosure sale and gave the client time to reorganize. The client was able to find new employment which permitted us to successfully obtain a loan modification on behalf of the client. We then converted the case to a Chapter 7 case , and eliminated thousands of dollars in credit card debt and unpaid medical bills.

RESULT : Client avoided imminent foreclosure, obtained loan modification resulting in extremely reasonable mortgage payments, eliminated thousands of dollars in credit card debt , and emerged from bankruptcy with a fresh financial start.

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Massachusetts Bankruptcy Attorney

By aevans • April 18, 2020
IF YOU FIND YOURSELF IN A FINANCIAL HOLE, THE FIRST THING TO DO IS STOP DIGGING – AND THEN CALL AN EXPERIENCED MASSACHUSETTS BANKRUPTCY ATTORNEY If you are a Massachusetts Bankruptcy filer, or just thinking about filing bankruptcy to deal with your mortgage, credit card, tax, student loan or other debts. The first and most [..] The post Massachusetts Bankruptcy Attorney appeared first on Evans & Evans, P.C..

Can’t pay your mortgage or rent? Coronavirus help

By aevans • April 1, 2020
  Can’t pay your mortgage or rent?  What Now?     You can’t pay your mortgage or rent. What now? Coronavirus is right here in Peabody and the rest of the North Shore, now and for the forseeable future. Many individuals and families are understandably worried about paying the rent or mortgage. IF YOU ARE [..] The post Can’t pay your mortgage or rent? Coronavirus help appeared first on Evans & Evans, P.C..

Congress acts to help struggling families and businesses filing Bankruptcy

By aevans • March 27, 2020
Congress has acted to help struggling North Shore and Greater Boston families and businesses filing – or thinking about – bankruptcy.   There are some important changes to the Bankruptcy Code contained in the Coronavirus relief package recently passed by the Senate. The bill is expected to passed by the House and signed into law [..] The post Congress acts to help struggling families and businesses filing Bankruptcy appeared first on Evans & Evans, P.C..

Coronavirus and Bankruptcy – Massdebtlaw

By aevans • March 25, 2020
Is the Coronavirus Pandemic going to force me or my business to file Bankruptcy?   Coronavirus and Your Debt: Unfortunately, many Peabody and North Shore families and businesses are wrestling with that question right now. Hopefully you and your loved ones and friends are all (and will remain) healthy. By now, you (or your employer [..] The post Coronavirus and Bankruptcy – Massdebtlaw appeared first on Evans & Evans, P.C..

Credit Card Debt On the Rise

By aevans • June 9, 2016
More Americans will soon be looking for Credit Card Debt help. Credit card debt held by the average American consumer is growing to unsustainable levels, leading some to speculate that consumer bankruptcy filings will soon be on the rise. According to a recent report issued by CardHub, outstanding Credit Card Debt held by U.S. consumers [..] The post Credit Card Debt On the Rise appeared first on Evans & Evans, P.C..

Chapter 13 bankruptcy saves client’s home in Andover, MA

By aevans • April 19, 2016
Client’s Andover, MA home had been auctioned at foreclosure sale while clients were in the process of attempting to obtain a loan modification from their mortgage company. Client also had substantial credit card debt, tax debt and medical bills. We immediately filed a Chapter 13 bankruptcy case on behalf of the client and filed a [..] The post Chapter 13 bankruptcy saves client’s home in Andover, MA appeared first on Evans & Evans, P.C..

Business Debt Personal Liability Eliminated

By aevans • April 19, 2016
Our client, a small business owner in Salem, MA, was the sole shareholder of a corporation. The corporation owed substantial trade debt as well as tax liabilities to the Massachusetts Department of Revenue for unpaid taxes for which the client had been determined to be individually responsible. The business, a restaurant, had only one significant [..] The post Business Debt Personal Liability Eliminated appeared first on Evans & Evans, P.C..
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