• Stop harassing phone calls at home and work immediately.

• Keep your property and possessions, while erasing debt from credit cards, medical bills, unsecured loans, and most other kinds of debt.

• Keep your home.  Even if you have substantial equity, we can help you to reduce or eliminate your credit card and similar debt without disrupting your lifestyle.

• In some situations, we can even erase your tax debt. 

If you are feeling overwhelmed with debt, call today for a free, confidential consultation.  All you have to lose is your debt!

Be Assured:

Attorney Gindes provides an informal, relaxed atmosphere in which you can privately discuss your financial situation.  With seventeen years of experience navigating Massachusetts and federal bankruptcy law, Dan has the knowledge to get you results.

Dan understands that when you are considering bankruptcy, you may be feeling anxious and overwhelmed.  We know that the process is very personal and can be embarrassing.  We make every effort to keep your anxiety to a minimum and treat you with confidentiality and respect.  At your free initial consultation, Dan will take the time to meet with you and explain the process to you.

Some Common Questions and Answers about Bankruptcy Law:

Is Bankruptcy moral?

Even the Bible states you have a right to a fresh start!  Please read:

Bankruptcy and the Bible

Why do we have bankruptcy laws? 

Please see:

What You Should Know About Bankruptcy

Free answers to your general bankruptcy questions.

What is Chapter 7 Bankruptcy?

Please see:

Chapter 7 Bankruptcy

An explanation of Chapter 7 - the most common bankruptcy for simple consumer debt.

What is Chapter 13 Bankruptcy?

Please see:

Chapter 13 Bankruptcy

An explanation of Chapter 13 - an option for people with large amounts of equity in their homes, or other significant assets.

Does Attorney Gindes handle Business Bankruptcies?

Absolutely!  For more information, please read:

Business Bankruptcy

What to do if you own a business that is having trouble.

What is the Procedure for Filing?

Please see:

The Procedure For Filing Bankruptcy

A step-by-step description of what will happen if you decide to proceed.

What kind of debt can't be erased in Bankruptcy?

Some kinds of debt can not be erased in bankruptcy.  Some taxes, government guaranteed student loans, drunk driving liability, and debt resulting from other crimes or fraud are among those that cannot generally be discharged in bankruptcy.

Do I get to keep my property?

The short answer is usually yes.  It is very rare that anyone has to actually give up things they own, like cars, a home, or personal possessions.  Under federal law, you can have over $11,000 in miscellanious property or cash, and still file bankruptcy without penalty.  And this does not even count exceptions for your household goods, car, electronics, or other normal household goods.  There are limits, though, so talk to Dan if you have questions.

Can I keep my house?

In Massachusetts, you can usually protect up to $500,000 of equity in your home.  This means that as long as you would get less than $500,000 of cash out if you sold your home and paid back all the loans on it, you are fine.  There are some limits for people who have owned their homes for less than about four yeas, so let Dan know if that is the case.

Can I keep my retirement savings, if I have an IRA, KEOGH, 401k, 403b, annuity, or pension plan?

Yes, you can keep all the money in these accounts under most circumstances.  There can be some issues if you have recently put a large amount of money into an IRA or KEOGH account , or if you have more than a million dollars in one of these types of accounts, so let Dan know about all of your retirement accounts so he can advise you accordingly.

Will I ever be able to get credit again?

Dan has a great new tool.  He can tell you what your approximate credit score will be a year after your bankruptcy is over.  For the vast majority of people, there is a significant increase in their score.  Most people will easily be able to buy a car or a home a few years after the end of their bankruptcy.  Of course, this depends on your income, how you rebuild your credit, and other factors.

Caution About Debt Consolidation:

Be aware that debt consolidation agencies are usually sponsored by the credit card industry.  Many of these agencies try to convince you to continue to pay your debt in a consolidation plan rather than filing for bankruptcy - even if a fresh start is in your best interest.

A debt consolidation loan is a personal loan that may allow you to consolidate your debt into one monthly payment.  The interest rates on personal debt consolidation loans are usually very high, especially for people with financial problems.  In addition, these agencies usually target people with poor credit by offering what appears to be an easy solution.  Many people are not aware of the high rates and fees involved until it's too late.  In addition, your credit report may indicate that your debt is “managed by credit counseling,” which is a negative remark on your report.

If you have financial problems, please contact our office before entering into a credit counseling or debt consolidation program.  An initial consultation with Attorney Gindes is free, and we will give you an honest appraisal of what your best course of action is.  You can call our office toll free at (877) 639-5100, or click here.

¹ For the period March 2007 to March 2008; the latest statistics available from the United States Bankruptcy Courts.