Holden Bankruptcy Attorney

Helping Massachusetts Residents Achieve Freedom from Debt

Bankruptcy is a scary time. Your present is unstable, and the future is uncertain. Moreover, navigating the legal complexities is overwhelming. Don’t go through this troubling time alone. Let Morrison & Associates, PC help take this burden off your shoulders.

My name is Attorney Troy Morrison, and my entire legal focus is on bankruptcy law. I know the intricacies involved in helping people climb out of crippling debt. Allow my over 20 years of experience and skill to work for you. I can work directly by your side, including you in every step of the process. If necessary, I can manage every aspect of the process alone, relieving you of the worry.

For knowledgeable bankruptcy services in Holden, call my office today at (508) 928-3038.

Chapter 7 Bankruptcy

Chapter 7 is a form of bankruptcy used by individuals in debt. It clears most of your unsecured debt. Unsecured loans are given without collateral, such as a credit card. Chapter 7 helps people “get back to zero” with their debt, allowing them to start over.

Often, people who file for Chapter 7 must sell off property to pay creditors as much as possible. Don’t let that fact scare you, as much of your essential property is exempt. I can help you fight to keep your home, car, and other necessary assets. My clients are often surprised by how much they were able to keep after filing for Chapter 7.

Chapter 13 Bankruptcy

Chapter 13 is for individuals who have the means to pay back creditors but need a little help. It allows you to keep your property, a huge benefit. If you have a regular income, you may be eligible.

A court-appointed trustee overlooks your payback plan. If they like what they see, they officially submit it to the court. Once approved by the court, your plan is in place, and you can begin pulling yourself free from debt. Payback typically takes between three to five years to complete. I can help create your plan. I know both the legal and persuasive language needed to help get it approved.

Chapter 11 Bankruptcy

If your business is in trouble, it may be eligible for Chapter 11. This process creates a payback plan, allowing you to keep your business running while you eliminate your debt. I’ve created many Chapter 11 plans with business owners.

Plans often involve some form of business restructuring. I can help you overlook your current model, offering suggestions for how to reorganize your business and keep it profitable. If necessary, your plan can include selling off portions of your company. This requires a strategic approach, carefully considering what you can lose while staying in operation. With my years of experience, I can help craft a plan that keeps you moving while mollifying creditors.

Keeping creditors happy is a big part of Chapter 11. They approve or deny your payback plan. I know how to negotiate with them while keeping your plan reasonable and beneficial to you.

Bankruptcy Alternatives

There are other ways out of debt. After reviewing your financial situation, I can discuss other options with you.

Several alternatives can help relieve you of debt. For instance, if you’ve been victimized by a creditor’s unlawful harassment, I can take the fight to them. The financial burden could shift, making creditors owe you money instead.

I can also help you negotiate with your creditors. We may be able to work out a deal that allows you to bypass bankruptcy and still pay them back.

I also have experience working with nonprofits dedicated to helping people get out of debt. If necessary, I can also help you apply for a debt consolidation loan. This will move your debt over to one easy, monthly payment to a single creditor.

For a skilled bankruptcy and debt lawyer in Holden, trust Morrison & Associates, PC. You can call (508) 928-3038 or contact our office online today.