| Chapter 13 Bankruptcy is a reoganization on your debt. If you are behind on your mortgage or car payments or if you own more then $300,000 in home equity, or own other assetts worth over $5,000, filing for bankruptcy under chapter 13 in Massachusetts might be the right choice for you. Protection under Chapter 13 of the 2005 Bankruptcy code allows you keep all of your assets, no matter how much you own. You simply enter into a repayment plan with the Bankrutpcy court, approved by your bankruptcy Trustee that allows you to pay back your missed secured debt, and a small percent of your unsecured debt. Your actaul payment is dependant upon your disposalbe income after all of your living expenses. The Bankruptcy Lawyers at Goldstein and Clegg will work with you to understand all the tools at your disposal through the bankruptcy code, such as lien stripping and cram downs. We will help you create a plan that is likely to be accepted by the Trustee and also one that you feel comfortable in proping. |