Bankruptcy Salem and Danvers


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Bankruptcy Attorney serving Salem and Danvers, MA

As debt increases, your problems get larger and more compounded. The Law Office of Theodore S. Collatos can help residents and businesses in Salem and Danvers, MA make these problems disappear. We work side by side with our clients, taking the time to go over all of your finances with you and discuss your strategy.

There are many courses of action available, and the right bankruptcy strategy is essential. "In filing for Chapter 7 bankruptcy, you must choose between Massachusetts regulations and the federal rules. There is a great deal of strategy between utilizing the federal and state protections. It is important to hire an attorney who understands the interrelationship of state and federal bankruptcy laws so you receive the best protection possible in your unique situation," said Bankruptcy Attorney Theodore S. Collatos.

Theodore S. Collatos, is a bankruptcy lawyer with 35 years of experience and specializes in both Chapter 7 and Chapter 13 bankruptcy filings. Liquidation bankruptcy, or Chapter 7, eliminates a category of debt known as unsecured debt and can begin rebuilding credit right away. Chapter 7 and Chapter 13 are very different:

  • Chapter 7 is faster
  • There is no debt repayment in Chapter 7
  • Chapter 7 ensures that most unsecured debt is eliminated
  • Assets may be protected under Chapter 7
  • Filing Chapter 7 can help rebuild your credit

If your gross income is above the median income of the state in which you reside, you cannot file for Chapter 7, but filing Chapter 13 may still be possible. There may be other options available to you as well, and we will help you review these choices.

Taking Action on Debt Relief - Bankruptcy Lawyer

Theodore S. Collatos provides debt relief by helping people file under the Bankruptcy Code. The initial consultation is free and we can meet you evenings or on weekends.

By contacting an experienced bankruptcy lawyer like Theodore S. Collatos you can ensure that you are taking the right course of action for you and your family.

We know that you will have many questions about your options. The Law Office of Theodore S. Collatos will guide you and represent you before a bankruptcy judge. You could receive debt discharge about three months after filing. Please contact our office to discuss your needs, and remember, many hardworking people find themselves struggling with a mountain of debt and need to seek a bankruptcy lawyer. The Law Office of Attorney Theodore S. Collatos serves communities in Essex Country.