Assistance in handling outstanding debts through Bankruptcy to accomplish your short-term and long-term financial goals: Chapter 7 & Chapter 13.

Solve Debt Problems
With Bankruptcy

Bankruptcy is not a decision to be made lightly, but there are times when it may be the best option for getting out of a bad debt situation.

Bankruptcy solutions were designed by the writers of the Constitution to protect citizens from draconian measures that used to destroy homes, families and businesses when they suffered financial misfortune. There are times when bankruptcy is the only responsible solution to insurmountable debt.

George & Davis, P.C., has helped hundreds of individuals from all walks of life achieve their debt relief goals by filing for Chapter 7 or Chapter 13 bankruptcy. In doing so, we have helped them save most, if not all, of their assets and stop creditors from taking harsh legal action against them. We serve clients in Sturbridge and throughout surrounding Massachusetts communities.

Bankruptcy Stops Creditors

When you file for protection under bankruptcy laws, you are able to:

  • Save your home from foreclosure in many instances
  • Stop creditors from harassing you
  • Prevent creditor lawsuits
  • Protect yourself from liens and protect your earnings from garnishment
  • Stop car repossession

Making Personal Bankruptcy Work For You
We offer free initial consultations for our bankruptcy clients. We handle two types of consumer bankruptcy:

  • Chapter 7 bankruptcy is a rapid and effective way to discharge most of your debt while preserving essential assets.
  • Chapter 13 bankruptcy is a good option for those with a reliable source of income or unprotected assets they need to preserve.
We can investigate with you whether bankruptcy will accomplish your short- and long-term goals and, if so, which form is best. We can also clarify your rights and responsibilities when you choose to file.

Many of our clients have questions. Will I lose my house and car? How will bankruptcy affect my credit? Which debt is dischargeable and which is not? How quickly can I file? What property does Massachusetts bankruptcy law exempt? We can answer all your questions in a one-on-one consultation.

A bankruptcy properly done by the lawyers at George & Davis, P.C., can provide you with the financial foothold you need to start anew and benefit you and your family for the rest of your lives.

FAQ for Bankruptcy
1. Can I apply for a new credit card once I have filed?
— Bankruptcy actually helps your credit. While declaring bankruptcy will typically cause your credit to drop, it usually improves your credit in the medium and long term. Your credit score is largely based on your debt-to-income ratio. After bankruptcy you have little or no debt. Your score recovers and you are often able to access credit within a year of filing.
2. What happens to my assets during a bankruptcy?
— Your assets are usually protected by exemptions in the law that prohibit creditors from seizing property that you need to function and survive. For instance, there is an exemption that protects your home, another that protects your car and still others that protect your clothes, furniture and even money and bank accounts. Exemptions are not unlimited and a careful analysis before each bankruptcy will determine if any of your assets are at risk.
    3. Do I have to go to court if I file for bankruptcy?
    — Most bankruptcies only require you to attend what's called a "341 meeting" in front of a trustee who will ask questions to determine if you have any assets or income. We review most of the trustee questions during the intake process and know whether there are any issues we need to address before the 341 meeting.
      4. I'm a business owner; how can I avoid personal bankruptcy?
      — You can incorporate your business. This provides some protection against creditors, particularly those that have contracts or leases with the corporation. But you might still be liable for any corporate debts that you personally guarantee.
        5. What is chapter 7?
        — Chapter 7 bankruptcy allows for the discharge of most debts provided you don't own anything too valuable and your income is not too high.
        6. Can you keep any of your current or old credit cards once you have filed?
        — Most current credit cards are canceled by bankruptcy. However, you are often able to access credit within a year of declaring.
        7. Do I have to file for bankruptcy if I am in debt?
        — There are many options short of bankruptcy to address debt problems. We explore alternatives to bankruptcy as part of our intake process.
        8. How does chapter 13 differ from chapter 7?
        — Chapter 13 bankruptcy differs from Chapter 7 in several ways, but the most important is that Chapter 13 debtors have to make monthly payments towards their debtor for a period of between three and five years.
        9. Do I have to list all of my property when I file for bankruptcy?
        — You must list all of your property when file for bankruptcy. As part of the service we offer, we analyze your property to insure it will be protected, or to make that you aware it is not.
        10. I'm married - does my spouse have to file for bankruptcy too?
        — No. If the debt is primarily in your name, it may make sense for you to declare without your spouse.
        11. Who will know about my bankruptcy?
        — Bankruptcies are public, which means anyone can go to the courthouse to see who filed. But it is not currently publicized, which means it is not regularly published online or in the newspaper.


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        How can
        we help you?
        509 Main Street
        P.O. Box 199
        Sturbridge, MA 01566
        Phone: +1 (508) 347–7114
        Fax: +1–508–347–5627