WE UNDERSTAND HOW BANKRUPTCY AND DIVORCE WORK TOGETHER
Our Salem, Massachusetts, law firm provides divorce and bankruptcy advocacy throughout Greater Boston and the North Shore. We understand the bankruptcy issues you may be facing with your high net worth divorce and will work to help you reach a favorable outcome.
BANKRUPTCY PROTECTION
Chapter 7 bankruptcy allows individuals to discharge significant and specific debts based on income and other factors. Chapter 13 protection allows you to repay your creditors over a three- to five-year period, and potentially discharge any remaining debt after the repayment plan has ended. Both chapters carry strict guidelines which outline the types of debt individuals can seek to eliminate or reduce.
Filing for Chapter 7 or Chapter 13 bankruptcy can provide debt relief and prevent creditor harassment. Filing a bankruptcy petition creates an automatic stay, or stop, to creditor collection actions. It is important to consult our law firm to determine which bankruptcy protection suits your needs. We can determine whether you can discharge your debts under Chapter 7 or reorganize your debts under Chapter 13.
Court-ordered obligations can never be discharged through Chapter 7 or Chapter 13 bankruptcy protection. These include:
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Child support arrears
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Alimony or spousal support arrears
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Attorneys’ fees
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Court fees
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Extensive Bankruptcy Support
Our extensive bankruptcy support includes providing informed guidance for complex issues. We understand that property division can be complicated by bankruptcy, debt and divorce issues. We can provide legal advice and representation for situations involving complicated debt issues, including:
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Vacation homes
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Upside down mortgages
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Foreclosures
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Homestead exemptions
FREE INITIAL CONSULTATION WITH AN ATTORNEY
Contact us today for a free initial consultation. Our lawyer can discuss issues concerning your divorce as well as bankruptcy matters.
ATTORNEY MONIQUE B. LAMB
Since founding the practice on January 4, 1999, Monique has dedicated her career to family law, providing clients with compassionate yet practical guidance through some of life’s most challenging moments. With over two decades of experience, she understands the complexities and emotional toll of family law cases and focuses on achieving resolutions while minimizing unnecessary conflict. [ ATTORNEY BIO ]
"Attorney Boucher-Lamb is thorough, resourceful, and a highly knowledgeable attorney. I hired her many years ago and we have worked together for the past eight years. She is professional, reliable, personable, and an overall fantastic attorney. I highly recommend her; she is fair and gets the job done."
-DANIELLE
"I had a fantastic experience with a very difficult time in my life. The divorce was hard for me, but Monique was the consummate professional. Without her guidance and support, I don't know how I would have made it through."
-DAWN M.
"Monique is a fantastic lawyer. She expeditiously helped my husband and I pull together our estate papers. She was very helpful with any questions I had, and was extremely thorough."
-JESSICA S.
"Monique helped me through one of the worst times of my life. She was always looking out for my interests, she is very knowledgeable in her field, and she is completely genuine."
-ANONYMOUS
Bankruptcy and divorce both have serious implications when it comes to your property; so, what happens when you have to undergo both at the same time? The impact of bankruptcy on property division in divorce is multi-faceted and highly complex; if you’re facing this situation, you should consider speaking to a lawyer. You likely have a lot of questions about how you should handle your property a[...]
