Bankruptcy Attorney in Nashua NH
Attorney Annutto is a dedicated Bankruptcy Attorney experienced in Chapter 7 & Chapter 13 laws and has helped thousands Nashua NH, Hudson NH, Amherst NH, Merrimack NH and Bedford NH.
Benefits of Hiring a Bankruptcy Attorney
While you can certainly file for bankruptcy on your own it is to your advantage to have an experienced bankruptcy attorney by your side. An attorney that understands the ever changing bankruptcy laws and knows how to apply them to your situation is of great benefit when you are working with creditors and other individuals trying to get payment from you that you simply do not have. It is vital that you have an attorney that can work within the laws set to help you create carve out a new beginning.
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Stop harassing calls!
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Prevent collectors from calling you at home.
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Prevent collectors from calling you at work.
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Prevent collectors from calling your neighbors or relatives.
Stopping Harassing Calls!
As soon as we have a retainer, you can refer creditor calls to US, stopping the harassing creditor calls!
Keep your house! Keep your cars! Protect your assets!
The federal and state bankruptcy laws provide you with a set of exemptions that can be used to protect your assets. It has been our experience that in most cases, all assets are protected and it is just the debts that are wiped out!
New Hampshire Bankruptcy Laws
Bankruptcy is a complex issue with new laws that can make it even more difficult to maneuver without the proper experience. It is important to understand that the laws of bankruptcy are detailed and vary depending on the individual situation of the person. Bankruptcy is essentially broken into three main filings known as Chapter 7, Chapter 11 and Chapter 13. The right one for your situation depends on what criteria you fit into. Bankruptcy is regulated federally and therefore is filed in a federal court and not a state court. Some great resources for information are located below:
United States Bankruptcy Courts - Mass District
Federal Courts - Bankruptcy
FREE Consultation
Some attorneys limit you to 30 minutes and there is a charge for going over the 30 minutes. Some attorneys give you generic information, a worksheet to go home and complete and force you to figure it out yourself.
We provide a free consultation. When I say free, I mean free. No strings attached, no small print, no hidden charges. The free consultation is an opportunity for us to meet. It is a chance for you to be comfortable with me, be comfortable with the bankruptcy process, and ask all the questions that you need answered to determine whether bankruptcy is the right option for you.
Formulate a Plan - Even if it is not bankruptcy
Some attorneys are just interested in getting you to sign up with them for a bankruptcy and not providing you with the range of options available to you. If bankruptcy is not right for you, I will tell you. The other attorneys may not be looking out for your best interest, just their own. Recently, some attorneys have begun offering bankruptcy services because of the downturn in the economy and a lack of business in their primary practice area. When the economy turns around, the attorney will be back to their original areas of law and stop offering bankruptcy services.
We have always offered bankruptcy services.
We have offered bankruptcy services since we opened over 13 years ago.
I have:
- An MBA
- Worked as a banker for over 12 years at an international bank
- Taught courses at a local University.
Bankruptcy Checklist
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Last Two Years of Tax Returns
- Last SIX months of pay stubs
- Last SIX months of bank statements
- Credit report OR detailed list of all debts w/ addresses
- Proof of Property Value
- Proof of Property Insurance
- Tax Bill
- Credit Counseling
Chapter 13 Bankruptcy
- 2007 Tax Returns
- 2006 Tax Returns
- Last SIX months pay stubs
- Credit report OR detailed list of all debts w/ addresses
- List of Dependents
- Mortgage Statements
- Tax Bill
- Value of Property
- Home owners insurance
- Credit Counseling
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Even If I file for bankruptcy Creditors will still harass me and my family.
This is absolutely false. As soon as you file for bankruptcy a hold is put on all your outstanding debts and any attempts to collect any debts. The bankruptcy law prohibits a creditor to attempt to collect, possess, or even contact the debtor in regard to any debt. If a creditor does not follow the rules, the debtor may have an action in the form of punitive damages, which are meant to punish a creditor for not following the procedures set out in the bankruptcy code. Once you file for bankruptcy, creditors must leave you alone or suffer the consequences. -
If I file for bankruptcy I will never get credit again.
This is simply false. If this were true then nobody would file for bankruptcy. Americans depend on credit and this is no different than a debtor who has filed for bankruptcy. The truth is you are probably a better candidate for credit the first day out of bankruptcy then before you filed for it. Creditors will not want to give you credit if you are close to bankruptcy. However, after bankruptcy you will have no debt and Creditor know you will not file again for several years. Creditors also look more to a debtors stability, as opposed to the fact you filed for bankruptcy. So once you have timely paid a few bills (i.e. like a secured credit card) your credit score will rise quickly. -
Everyone will know I've filed for bankruptcy.
Unless you're a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. While it's true that bankruptcy is a public legal proceeding, the numbers of people filing are so massive, very few publications have the space, the manpower or the inclination to run all of them. -
I'll lose everything I have.
If you're married, both spouses have to file for bankruptcy.
This is the misconception that keeps people who really should file for bankruptcy from doing it. For most people, they'll keep everything they own. Well over 95% of bankruptcy cases filed by individuals are "no asset" cases in which the debtor keeps everything he owns. This is because the law provides for exemptions in the most common types of property. For example in Massachusetts, you can exempt up to $500,000 in equity in your home. There are also exemptions to cover your car, your personal possessions and your retirement funds. -
If you're married, both spouses have to file for bankruptcy.
Not necessarily. It's not uncommon for one spouse to have a significant amount of debt in their name only. However, if spouses have debts they want to discharge that they're both liable for, they should file together. Otherwise, the creditor will simply demand payment for the entire amount from the spouse who didn't file. It is also less expensive for spouse to file together then separately. -
Bankruptcy represents personal or moral failure.
More than 90% of bankruptcy filings are traceable to job loss; illness; or divorce, factors largely out of anyone's control. Bankruptcy is a safety value to prevent individuals from being buried by debts they can never repay. -
Bankruptcy relief is no longer available.
This is not true. The vast majority of debtors will still qualify to file bankruptcy under Chapter 7 of the Code. For those who make too much money (but most don’t) they can still be granted relief through a Chapter 13 filing. -
Medical bills can't be discharged in bankruptcy.
A variation on this myth is that "you can't discharge credit card debt in bankruptcy." This has the sound of the law-as-described-by-bill-collectors. Almost all unsecured contract debt, like credit cards, personal loans, and medical bills, remain dischargeable in bankruptcy. -
There is a minimum amount of debt required to file bankruptcy.
Bankruptcy law does not set any minimum amount of debt necessary to file. If the debt appears to be beyond your ability to pay, you can elect to file bankruptcy if it represents a smart choice in your personal and financial situation.
WHY CREDIT COUNSELING AND DEBT MANAGEMENT PROGRAMS ARE NOT EFFECTIVE
When money is hard to come by, particularly during a time of economic downturn, many people are finding themselves having difficulty making ends meet and they fall deep into debt. The very thought of going into debt and watching the bills pile up adds stress to your life and the constant calls from creditors and bill collectors can easily make you feel overwhelmed. These thoughts and feelings often make people very vulnerable and they become an easy target for credit counseling, debt management, or debt relief programs that are actually in the business of making money off of you and your creditors.
Many debt relief programs are really scams run by con artists who disguise themselves as credit counselors or other non-profit organizations in order to gain consumers’ trust. Given the troubling economic climate and the large amount of confusing information out there, it is crucial that people educate themselves and arm themselves with the truth about debt relief and credit counseling companies.
Here are some eye-opening facts that debt relief programs and credit counseling companies do not want you to know:
- Credit counseling companies are NOT regulated by the federal government, so there is no set of central standards that companies must follow.
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The biggest source of income for debt counseling companies comes from credit card companies themselves (creditors kick back a percentage of each monthly payment to the debt counselor).
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Next to minimum payments on high interest credit card debt, credit counseling is how credit card companies make most of their profit.
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Your credit rating will drop immensely by using a debt counselor which, in turn, will involve you paying much more in fees and interest rates while you are enrolled in your debt management plan.
- The IRS is conducting an ongoing investigation of the entire credit counseling industry
Bankruptcy is an effective alternative to debt management programs and credit counseling. Bankruptcy helps people who do not have the means to pay their bills get a fresh start. This fresh start “is accomplished through the bankruptcy discharge, which releases debtors from personal liability from specific debts and prohibits creditors from ever taking any action against the debtor to collect those debts.”
Like credit counseling and debt management programs, there is an immense amount of bad information out there about bankruptcy. Here are just a few common misconceptions about filing for bankruptcy:
MYTH: You will never get credit again after filing for bankruptcy.
In fact, by discharging your debts in bankruptcy you become more attractive to lenders because you have little or no debt and “your income is protected because your old creditors are discharged, forever.”
MYTH: Filing for bankruptcy means never owning a home again.
The Federal Housing Authority has stated that after two years have elapsed since the discharge date of a Chapter 7 bankruptcy and re-established good credit is demonstrated, a borrower can obtain a FHA mortgage.
MYTH: Only bad people and deadbeats file for bankruptcy.
Bankruptcy is a solution to help good people get through tough times. Many people who file for bankruptcy have to file because they have lost their job, gone through a divorce, or experienced a medical illness.
Bankruptcy is a solution to help good people get through tough times. Many people who file for bankruptcy have to file because they have lost their job, gone through a divorce, or experienced a medical illness.
At the Law Office of Joseph M. Annutto PLLC in Nashua NH, our bankruptcy attorneys have several years of experience helping people get out of debt by filing for bankruptcy. We offer a FREE initial consultation and will explain the bankruptcy process and help you decide whether bankruptcy is the right option for you.
Our Commitment
At the Annutto Law Office we are interested in helping you get your finances in order. There are many other options that are available to a person. We are happy to recommend the most appropriate option for you, EVEN IF IT IS NOT FILING A BANKRUPTCY! We just want to provide good service. A major portion of my business is word of mouth referral. I am hopeful that even if you do not file a bankruptcy, you will refer me to friends and family based on the service and advice that I have given you. If you decide bankruptcy is the right option, we offer payment arrangements and work with you to pay for the bankruptcy.
For a Free Consultation Call (603) 881-9161
or
E-mail us at AnnuttoLaw@aol.com
For an attorney who cares...call today!
369 Main Street Nashua,
New Hampshire 03060
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OFFICE LOCATION
Email: AnnuttoLaw@aol.com
