For many of those in Salem who come to us here at The seeking debt relief solutions, spousal support ranks among their largest debts. If you find yourself significantly far behind in your alimony payments and lack the means to make up your...
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Month: December 2015
Examining medical debt amongst the insured
Many in Salem may believe that the key to avoiding financial scenarios where bankruptcy becomes a debt-relief alternative is simply to avoid debt altogether. However, for many, it is not that simple. The leading cause of personal bankruptcy in the U.S. is medical...
Snowstorms to blame for company’s bankruptcy
For both private citizens and companies in Salem, there may be many reasons why the need to file for bankruptcy protection could arise. Most would assume those to be related to a company’s operations or a person’s inability to manage his or her money effectively....
Filing for an individual Chapter 11 bankruptcy
Most of the clients that we here at The Law Office Paul Petrillo work with who are seeking personal bankruptcy protection will typically file under either Chapter 7 or Chapter 13 guidelines. Yet what if your unique financial situation prohibits you from filing for...
The business bankruptcy repayment schedule
Managing debt is a challenge that nearly every Salem business owner has to face. In those cases where such debts begin to seem insurmountable, then the realistic assessment as to their abilities to pay them off may be necessary. If repayment is not possible,...
