Job Loss and Bankruptcy
For many people, the loss of employment can be a devastating event that may have far-reaching consequences for the individual as well as his or her family. People who have lost their jobs and are facing serious financial difficulty may consider filing for bankruptcy to keep from losing their homes and other important possessions.
There are several different types of bankruptcy, but the form most commonly used for individuals is Chapter 13, or “wage-earner’s” bankruptcy. By filing for Chapter 13 bankruptcy, people may be able to save their homes from foreclosure and reschedule secured debts. If you or someone you love is considering filing for bankruptcy, consult the Boston bankruptcy lawyers of Joshua Spirn & Associates at 800-975-5346.
Chapter 13 Bankruptcy
Individuals who have lost their jobs and have little or no way to repay their debts may consider filing for Chapter 13 because of:
- Loss of income from primary job
- Lay-offs
- Wage cuts
- Life changing event that results in serious loss of income
- Little or no money to make payments to creditors
Individuals who have lost their jobs or have experienced serious wage cuts may find themselves unable to pay their bills and meet the demands of their financial situation.
Contact a Boston Bankruptcy Attorney
If you or someone you love is facing serious financial troubles and is considering filing for bankruptcy, contact an experienced Boston bankruptcy attorney at the Law Offices of Joshua Spirn and Associates at 800-975-5346 to discuss your financial situation.
