What types of bankruptcy do you handle?

We assist individuals and businesses with Chapter 7, Chapter 11, and Chapter 13 bankruptcies, offering tailored solutions to meet your unique financial needs.

What is Chapter 7 bankruptcy?

Chapter 7 bankruptcy, also known as 'liquidation bankruptcy,' allows individuals to discharge most debts and achieve a fresh financial start. Our attorneys will guide you through the process and ensure your rights are protected.

How does Chapter 11 bankruptcy work for businesses?

Chapter 11 bankruptcy enables businesses to restructure and reorganize their debts while continuing operations. We help develop a customized plan to protect assets and maximize the chances for a successful turnaround.

Can Chapter 13 bankruptcy help me avoid foreclosure?

Yes, Chapter 13 bankruptcy allows individuals to create a repayment plan to manage debts over three to five years. This often helps avoid foreclosure while protecting significant assets like your home or car.

Do you represent creditors in bankruptcy cases?

Yes, we provide legal counsel for creditors, asset buyers, and landlords involved in bankruptcy proceedings, helping to safeguard their financial interests and navigate complex situations.

How do I know which type of bankruptcy is right for me?

Choosing the right type of bankruptcy depends on your financial situation and goals. Our attorneys will evaluate your circumstances and recommend the best course of action during your consultation.

What should I expect during the bankruptcy process?

During the bankruptcy process, we assist with all aspects, including document preparation, debt evaluation, court filings, and representation. Our goal is to ensure a smooth and efficient resolution to your financial challenges.

Experienced Boston Bankruptcy Attorney | Chapter 7, 11 & 13

Expert Bankruptcy Guidance for Debt Relief or Restructuring

At Lipresti Law, we assist individuals and businesses with Chapter 7, Chapter 11, and Chapter 13 bankruptcies throughout Greater Boston and Massachusetts. We offer tailored solutions for your unique financial situation, whether you need debt relief, business reorganization, or asset protection.

When you're facing financial uncertainty, our firm can provide the support and legal expertise you need to navigate the bankruptcy process successfully. Contact us today to schedule a free consultation and take the first step toward financial recovery.

Chapter 7 Bankruptcy Attorney Boston | Liquidation & Debt Relief

Fresh Start Through Chapter 7 Bankruptcy

For individuals struggling with overwhelming personal debt, Chapter 7 bankruptcy may be the right choice. Known as a "liquidation bankruptcy," Chapter 7 allows eligible individuals to discharge most unsecured debts, providing a fresh financial start.

Who Qualifies for Chapter 7 Bankruptcy?

Individuals with primarily unsecured debt (credit cards, medical bills, personal loans)
Those who pass the means test based on income and expenses
Individuals seeking quick debt relief (typically 3-6 months)
Those willing to liquidate non-exempt assets (though many keep their property through exemptions)

How We Help with Chapter 7

Our Boston bankruptcy attorneys help you determine if Chapter 7 is right for you and guide you through every step of the process, including:

Means test evaluation and qualification assessment
Asset protection through Massachusetts exemptions
Preparation and filing of all bankruptcy paperwork
Representation at the 341 creditor meeting
Protection from creditor harassment and collection actions
Post-discharge guidance for rebuilding credit

Typical Chapter 7 Timeline: 3-6 months from filing to discharge

Chapter 11 Bankruptcy Lawyer Boston | Business Reorganization

Restructure Your Business Through Chapter 11

For businesses facing financial difficulties, Chapter 11 bankruptcy offers a pathway to restructure debt and reorganize operations while continuing to run your business. Unlike liquidation, Chapter 11 allows companies to emerge stronger and more financially stable.

Who Should Consider Chapter 11 Bankruptcy?

Businesses with significant debt but viable operations
Companies seeking to renegotiate contracts, leases, or debt terms
Corporations, partnerships, and LLCs of any size
High-income individuals who don't qualify for Chapter 13
Businesses looking to continue operations during restructuring

Our Chapter 11 Bankruptcy Services

Our team understands the complexities of business bankruptcies. We work closely with clients to develop a customized reorganization plan that protects assets and maximizes chances for a successful turnaround:

Developing comprehensive reorganization plans
Negotiating with creditors and stakeholders
Restructuring debt and payment terms
Protecting business operations during proceedings
Navigating complex bankruptcy court procedures
Maximizing value for all stakeholders

Whether you own a small business or a larger enterprise, we provide strategic counsel to help you navigate this critical time and emerge with a sustainable path forward.

Typical Chapter 11 Timeline: 12-24 months (varies by complexity)

Chapter 13 Bankruptcy Attorney Boston | Debt Repayment Plans

Protect Your Assets with Chapter 13

For those seeking to avoid foreclosure or who need a structured way to manage debt, Chapter 13 bankruptcy can offer a solution. This type of bankruptcy allows individuals with regular income to settle debts over three to five years through a court-approved payment plan, often without losing significant assets like a home or car.

Benefits of Chapter 13 Bankruptcy

Stop Foreclosure: Prevent home foreclosure and catch up on missed mortgage payments
Keep Your Property: Retain your home, car, and other valuable assets
Manageable Payments: Consolidate debts into one affordable monthly payment
Reduce Debt: Pay back only a portion of unsecured debts in many cases
Stop Creditor Harassment: Automatic stay halts collection actions immediately
Flexible Terms: 3-5 year repayment plan based on your income

Who Qualifies for Chapter 13?

Individuals with regular income (employed or self-employed)
Those who want to keep their home or car
Individuals with secured and unsecured debt below statutory limits
Those who failed the Chapter 7 means test but still need relief
Individuals behind on mortgage or car payments

How We Help with Chapter 13

Creating realistic repayment plans based on your income and expenses
Negotiating with creditors for favorable terms
Maximizing debt discharge after plan completion
Representing you throughout the 3-5 year process
Modifying plans when circumstances change
Ensuring compliance with all bankruptcy requirements

Typical Chapter 13 Timeline: 3-5 years (payment plan duration)

Bankruptcy Representation for Creditors, Asset Buyers, and Landlords

Protecting Creditor Rights in Bankruptcy Proceedings

In addition to representing debtors in bankruptcy proceedings, Lipresti Law also provides strategic counsel and representation to creditors, asset buyers, and landlords navigating the bankruptcy system.

Creditor Representation Services

Creditor Rights Protection: Ensuring your claims are properly filed and protected
Objections to Discharge: Challenging improper debt discharges
Preference Action Defense: Defending against clawback claims for payments received
Proof of Claim Filing: Properly documenting and filing creditor claims
Secured Creditor Rights: Protecting liens and collateral interests

Asset Buyer Services

Due diligence for distressed asset purchases
Negotiating sale terms with bankruptcy trustees
Navigating 363 sales and auction processes
Protecting buyer interests in complex transactions

Landlord Representation

Protecting property rights when tenants file bankruptcy
Navigating commercial lease assumptions and rejections
Recovering unpaid rent and damages
Eviction proceedings in bankruptcy context

Why Choose Lipresti Law for Bankruptcy Services in Boston

Personalized Approach

We recognize that every financial situation is unique. Our attorneys take the time to understand your specific circumstances, goals, and concerns to create a customized strategy that works for you.

Experienced Guidance

With years of experience handling bankruptcies for both individuals and businesses throughout Massachusetts, we have the knowledge and expertise to navigate complex financial situations with confidence. Our team has successfully guided clients through thousands of bankruptcy cases.

Comprehensive Service

From initial consultation through final discharge, we handle every aspect of your bankruptcy case. We represent debtors, creditors, asset buyers, and landlords, giving us unique insight into all sides of bankruptcy proceedings.

Client-Centered Service

We prioritize clear communication, making sure you understand your options at every step of the process. We're here to answer your questions, address your concerns, and offer support from start to finish. Our clients appreciate our responsive, accessible approach.

Boston Bankruptcy Attorney | Chapter 7, 11 & 13 Lawyers

Navigate Bankruptcy with Skilled Legal Guidance