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Chapter 13

Chapter 13

Consult with a Cambridge Lawyer Regarding Chapter 13 Bankruptcy

Each year in the United States, many individuals and small businesses are overcome by debt. Despite their best efforts, bankruptcy protection becomes a legitimate option for many. At the Cambridge law office of Frisoli Associates, P.C., we work closely with our clients to help them look to the future. Often, we help people with Chapter 13 bankruptcy relief.

One advantage to Chapter 13 bankruptcy is that it gives individual debtors the opportunity to save their homes from foreclosure by allowing them to create a payment plan for catching up on missed payments. Filing a Chapter 13 petition can also help stop most collection actions on consumer debt.

Bankruptcy for Debtors with Regular Income

Many people who are not eligible for Chapter 7 bankruptcy are still eligible for Chapter 13 relief. Chapter 13 bankruptcy provides for the adjustment of debts of an individual with regular income. It allows you to create a repayment plan to repay all or part of your debts over three to five years. During that repayment time, the law prohibits creditors from starting or continuing their collection efforts.

A Chapter 13 case begins by filing a petition, a payment plan, and supporting materials with the bankruptcy court serving your area. When you file a Chapter 13 petition, an impartial trustee is appointed to your case. The trustee evaluates your debts and payment options, collects payments from you, and distributes them to your creditors.

The guidance of a skilled attorney is a tremendous asset to people seeking Chapter 13 bankruptcy relief. At Frisoli Associates, P.C., we talk with you about your specific needs, explain the bankruptcy process, and work together to create a payment plan that meets your needs and is likely to get approved by the court. When working with clients, we think about the long-term. Contact us today to begin talking with our experienced lawyers about your needs. Our Cambridge law office is available by calling 617-494-0200.

When representing consumer debtors in connection with bankruptcy, Frisoli Associates, P.C. is a debt relief agency as defined by the Bankruptcy Code, 11 USC § 101(12A).


Bulfinch Square • 43 Thorndike Street, Cambridge, MA 02141 • Phone 617-494-0200 • Fax 617-494-9068