Massachusetts Bankruptcy Filings Decline

Bankruptcy filings in Massachusetts have reportedly fallen in the last year. According to reports, there was a 16% drop in filings in 2011 compared to the previous year. With Chapter 7 bankruptcy filings, there were reportedly only 14,716 filings compared to 17,496 in 2010. Chapter 7 bankruptcy reportedly accounted for almost 75% of all the filings in the state last year.

It’s never easy to find yourself in the position of needing to file for bankruptcy no matter where you are in life. However, it’s important to understand that filing for bankruptcy does not have to be the end, but can be a chance at a new beginning. You need to know that you do have rights to protect during this difficult time, but can do so when you know how to handle your case. You will be able to recover from this difficult part of your life. By working with a bankruptcy lawyer, you will be able to resolve this matter in the most beneficial and timely manner. You can count on an attorney to know how to approach your specific situation and be able to guide you through it. A lawyer will always have your best interest in mind while fighting for your rights. Please take some time today to contact a bankruptcy attorney today to begin discussing the details of your case.