Bankruptcy

Newton Bankruptcy Lawyers

How Filing for Bankruptcy in MA Has Advantages

Bankruptcy has a lot of stigma attached to it and, unfortunately, many often put off this crucial step for fear of how it may reflect on them. However, bankruptcy can help revive a person’s financial health and pave the way for a path toward a brighter future. At The Halks Firm in Newton, our bankruptcy attorneys have the experience and insight you need to get through this process smoothly and efficiently. We understand how important this decision is and will give you the support you need.

Contact our law office today at (781) 995-0107 to set up a consultation with one of our Newton bankruptcy attorneys and discuss the details of your case.

Should I File for a Chapter 7 or a Chapter 13 Bankruptcy?

Generally, most individuals file either a Chapter 7 or a Chapter 13 bankruptcy, depending on their financial situation. A Chapter 7 bankruptcy, which is also known as a liquidation bankruptcy allows debtors to wipe out most of their unsecured debts, such as medical bills and credit card debts without having to pay them back. Moreover, when you begin the process of filing for bankruptcy, it will put an end to harassing phone calls and letters from creditors.

A Chapter 13 bankruptcy is designed for those who have some assets and a more substantial income. However, instead of having to repay all of your debts, you will pay only a portion of it through a repayment plan. Any remaining debts you have left once the repayment plan is over will be discharged.

How Can Filing for Bankruptcy Help Wipe My Credit Report Clean?

One of the biggest concerns people have when filing for bankruptcy is the impact it will have on your credit report. If you file for a Chapter 7 bankruptcy, it will remain on your credit report for 10 years. If you file for a Chapter 13 bankruptcy, it will remain on your credit report for 7 years. While these numbers may sound daunting, if you are considering filing for bankruptcy, your credit score is likely in bad shape as it is. Filing for bankruptcy now will give you the opportunity to wipe the slate clean and rebuild your credit score. Otherwise, you may continue to struggle with your debts, missing out on the stress-free future you could have.

What Debt Is Not Covered by Bankruptcy?

Most consumer debt, including medical bills and credit card bills, is dischargeable. Certain debts, however, are non-dischargeable, meaning they are not covered by filing for bankruptcy, and you would need to show extraordinary circumstances in order to have them discharged.

Non-dischargeable debt includes:

  • Child support or alimony payments (as well as attorneys’ fees for child custody/support);
  • Court fines/penalties associated with criminal restitution;
  • Debts that you didn’t include in your bankruptcy petition;
  • Fines owed to the government;
  • Personal injury debt from a drunk driving accident;
  • Several types of taxes; and/or
  • Student loans.

If you're not sure whether your debt can be discharged, speak with a Newton bankruptcy attorney from The Halks Firm today.

Schedule a Consultation With a Knowledgeable Bankruptcy Attorney Today!

If you cannot seem to make a dent in your debts, you should consider speaking to a bankruptcy attorney to learn more about your options. At The Halks Firm in Newton, our bankruptcy attorneys can guide you through this process and ensure that it goes as smoothly as possible. We understand how overwhelming this situation can be and will work diligently on your behalf to relieve you of this financial burden.

Get started on learning more about the bankruptcy process by contacting our Newton law office today at (781) 995-0107 to arrange an initial consultation with an experienced member of our legal team.

What Sets Us Apart

  • Assists with All Documents & Negotiations
    You're never alone in this process. We're here to help you every step of the way.
  • Consistent Communication
    We focus on individual attention to each one of our clients.
  • Experienced Trial Attorney
    Attorney Nicholas Halks has tried over 40 cases.
  • Award-Winning Representation
    Attorney Nicholas Halks is recognized by legal organizations such as Avvo, CALI, and The National Advocates.
  • Free, No-Obligation Consultations
    We offer free consultations to discuss your case and consider your options.

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Hear What They Have to Say

At The Halks Firm, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    “When you want the BEST, call The Halks Firm!”
    I was referred to Nick from another probate attorney who I couldn't afford. With my son being in a state of crisis, my family under duress, and having recently received a not so favorable outcome with a prior attorney; Nick made time to meet with me within days. During that initial meeting he was empathetic, showed compassion to my situation and was not overpriced; I was also provided with his intended direct course of action that was going to ensure change and results that were in the best interest of my son. Nick and his team kept me informed throughout the entire process and made sure there was an open line of communication. Even now, months later I received outreaches from the team to check in on us! Knowing that there is no garentee on the outcomes court wise, I knew my family was in good hands. Without having to go all the way to trial; I received everything we were requesting and more! If I ever have to go to court again, The Halks Firm will be my first and only call.
    Monique
    “Thank you Nick for your support and encouragement through such a difficult time in my life. My appreciation is beyond words.”
    Nick Halks...This attorney is the best! His devotion and empathy for his clients is something that is hard to find. His knowledge is beyond anything I ever expected. Thank you Nick for your support and encouragement through such a difficult time in my life. My appreciation is beyond words. You are the BEST!!
    T.J.
    “Extremely responsive and understanding, which is a breath of fresh air when dealing with a situation as stressful as a divorce.”
    Dea is a very professional and dedicated attorney who was able to provide subject matter expertise for various areas during my mother’s divorce. She is passionate and dedicated to her clients. She is also extremely responsive and understanding, which is a breath of fresh air when dealing with a situation as stressful as a divorce.
    Indhira
    “I was seeking an experienced and professional attorney, and indeed found one!”
    Having the opportunity to work with attorney Hawks was a truly great experience. I was seeking an experienced and professional attorney, and indeed found one! I had no legal experience and was unaware of any legal terms or direction. Attorney Hawks and his team made my entire experience seemless, they kept consistent communication explained in detail terms I didn’t understand and made a very comforting environment. I highly recommend attorney Hawks and his legal team.
    Samantha