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Restructuring Debt with Chapter 13 Bankruptcy or Debt Modification

Framingham Area Bankruptcy Lawyer

If you've been juggling a large amount of credit card debt or personal debt for a while, it can be hard to admit that it's just gotten to be too much to handle. You want to get out from under it. There are two ways to restructure debt. One is through Chapter 13 bankruptcy the other is through negotiations with creditors.

Framingham area bankruptcy lawyer Raymond Mastroianni can help you with both options. Call (508) 473-8801 or email our Milford law office to schedule a free initial consultation. Mr. Mastroianni will review your financial situation, the extent of your debt, the number and type of creditors, and the extent to which you are behind on payment. All of these factors will influence the choice of the most effective action. We have used this option for many people in Worcester, Franklin and other Metrowest towns.

Restructuring Debt with Chapter 13 Bankruptcy

Chapter 13 is a debt-restructuring plan. When you file for bankruptcy, you will be asked to list all outstanding debt in the documents given to the bankruptcy court trustee. A repayment plan will be developed that restructures your debt in the following ways:

Fines and late fees will be removed from your record

Interest rates will be reduced

Some of the debt you owe will be discharged, you will not need to repay it

A deadline will be set for repayment of the remaining amount, generally three to five years.

Debt Restructuring with Creditor Negotiation

If you tried to negotiate a debt-restructuring plan with your creditors in the past without success, you're not alone. Few consumers have the legal knowledge or the clout to be able to get a creditor or a collection agency to listen. Having a lawyer negotiating on your behalf can sometimes make the difference.

If you are concerned about the impact that a bankruptcy will have on your credit record, we can try to negotiate a repayment plan for you before you file for bankruptcy. This is more likely to be effective if you are already several months behind on your payments.

Talk with a MetrowestBankruptcy Attorney

Take that first step to getting back on solid financial ground. Contact our Milford law office or call (508) 473-8801.

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Earlier this week I received the documents from you relating to discharging my credit card debt. Thank you for your great service, your kindness and the confidence you inspired. Initially, I found the process very upsetting and stressful, but was relieved once the process got started. It was also a comfort knowing that all the legal parts of this situation were being handled by you and your staff. Everyone was easy to work with. Thank you, and have a great fall. - Cindy F.

Attorney Mastroianni thank you for your prompt response to my difficult financial situation. By educating me about my options I was able to work with you so that now on the other side of my bankruptcy having gotten the documents from the court yesterday. I feel lucky I found a lawyer who is professional but also easy to talk to and friendly. -Ned H.
Milford, MA

Without hesitation I will recommend you to my friends. Through bad luck I ended up in a financial situation I never thought I would be in. It was not easy to reach out to a lawyer and look at my options to deal with my debt but it became clear to me that working more hours in my job was never going to get me out of the situation I was in. My situation has turned out better than I could have imagined. I only wish I had done it sooner. - Julio S.
Franklin, MA

Thanks for all your kindness toward me and all the appreciated help. You helped change my life. - J.D. Metrowest


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Raymond M. Mastroianni
231 East Main Street, Suite 202
Milford, MA 01757

Local 508-473-8801 Cell Phone 508-400-1295 Toll Free 800-301-0000 Fax 508-473-8821


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