Bankruptcy
A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one's creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.
Chapter 7, or liquidation bankruptcy, means that your "estate" – i.e., your assets – is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors' needs are assessed.
Reorganization bankruptcies can be filed under the following guidelines:
- Chapter 9 – municipalities
- Chapter 11 – businesses and individuals with many assets
- Chapter 13 – individuals with steady income
- Chapter 15 – international cases
At the Law Office of Peter M. Daigle, we are committed to offering creative bankruptcy law solutions to businesses and individuals seeking meaningful debt relief. We will help you find the right bankruptcy solution that fit's your situation. Call an experienced bankruptcy lawyer today for a free confidential consultation. We are located in Centerville on Cape Cod and Norwell, MA, serving the areas of Cape Cod and the Islands, Plymouth County and the South Shore area of Massachusetts.
Contact us today to learn more about your options under the current bankruptcy laws.
We're here to help.
Our offices are located in Centerville, MA and Norwell MA.
Attorneys at the Law Offices of Peter Daigle provide knowledgeable bankruptcy advice and skilled legal services to individuals and businesses throughout Massachusetts - including areas such as Southeastern Mass and Cape Cod cities such Barnstable, Bourne, Brewster, Buzzards Bay, Centerville, Cotuit, Craigville, Dennis, Eastham, Falmouth, Harwich, Hyannis, Hyannisport, Marstons Mills, Mashpee, Orleans, Osterville, Sandwich, Woods Hole, Yarmouth, Yarmouthport, Plymouth.
