Gloucester, MA Bankruptcy Lawyer


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Bankruptcy Attorney

Serving Gloucester, MA 01930

The reality is that many honest, hardworking people find themselves struggling to get out from under crushing debt and need to seek a bankruptcy lawyer. The Law Office of Theodore S. Collatos can help residents and businesses in and around Gloucester, MA find a solution to these problems and start on a path towards a fresh financial future. We work side by side with our clients, taking the time to sit down with you, examine your finances, and discuss your options.

Filing for bankruptcy may not be the best option available to you, and we will help you make that determination. Bankruptcy attorney Theodore S. Collatos specializes in Chapter 7 and Chapter 13 bankruptcy filing. He has 35 years of experience guiding clients through the process.

Chapter 7 vs. Chapter 13 Bankruptcy

Chapter 7 bankruptcy, also known as "liquidation bankruptcy," can eliminate some debt and begins rebuilding your credit rating almost immediately.

Chapter 7
  • Straightforward and faster process
  • No debt repayment
  • Most unsecured debt is eliminated
  • Some assets may be protected
  • Rebuilds credit rating

Chapter 13 bankruptcy creates a payment structure with creditors that will satisfy the debt over time, usually between 30 and 60 months.

Chapter 13
  • Creates a payment structure
  • Debt repaid over 30-60 months
  • Rebuilds credit rating

Your Trusted Bankruptcy Lawyer

The Law Office of Theodore S. Collatos is a debt relief agency helping people file for bankruptcy relief under the Bankruptcy Code. We provide free initial consultation and can meet you during evening or weekend hours for your convenience. The sooner you contact an experienced bankruptcy lawyer like Theodore S. Collatos, the better off you will be. We help you work through all of the paperwork and represent you before a bankruptcy judge.

We understand that if you are considering bankruptcy, you will have many questions. Please contact our office to discuss whether filing for bankruptcy is right for you and your family. The Law Office of Attorney Theodore S. Collatos serves the Gloucester, MA and Cape Ann region.