Bankruptcy

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Bankruptcy: Relief From Debt and a Fresh Start

For many people dealing with serious debt, all they want is a chance for a fresh start. It often feels hopeless when you're in the situation where you simply can't afford your monthly debts, constantly avoiding creditors and worrying about whether you will lose your home or car. For many Americans, bankruptcy is the chance to get relief from debt and a fresh start for a better tomorrow.

At The Law Offices of James T. Marasco, we want you to know that things will get better, and we can help.

James T. Marasco, Rhode Island bankruptcy attorney, has helped countless Rhode Island debtors get relief through bankruptcy. We help clients with Chapter 7 and Chapter 13 bankruptcy throughout Rhode Island.

Bankruptcy can help you:

  • Stop creditor harassment: When you hire an attorney and begin the bankruptcy process, creditors must cease all collection activities for the duration of the proceedings.
  • Stop repossession, foreclosure and wage garnishments: Through bankruptcy and loan modification programs, we can help you avoid losing the assets that are essential to your life.
  • Manage debt: Chapter 13 bankruptcy is a particularly good option for those who want to reorganize their debt into more manageable monthly payments.
  • Rebuild your credit: Contrary to one of the most common bankruptcy myths, it is not impossible to rebuild your credit after bankruptcy.

Loan Modification

One of the major causes of the recent housing market collapse involves borrowers getting caught in adjustable rate mortgages (ARM loans) or other sub-prime loans that they cannot afford. Loan modification refers to the process of changing the terms of the loan - including interest rates and repayment schedules - so that the borrower can afford the payments and keep the home.

Since Rhode Island is among the hardest hit states of the recent recession, the U.S. Treasury has chosen Rhode Island as one of the states that will receive funds from the Hardest Hit Fund (HHF) program. The Hardest Hit Fund Rhode Island (HHFRI) helps Rhode Islanders keep their homes through loan modifications and provides other forms of homeowner assistance.

Contact a Providence Credit Card Debt Relief Attorney ∙ Free Consultations

We pride ourselves on helping our clients find a road to a brighter tomorrow. We want every client who works with our law firm to leave with a better life. You can talk to one of our lawyers free of charge to see if bankruptcy is right for you. Call 401-536-9861 or contact us online. Our offices our conveniently located in Providence and Narragansett. We will set up a free initial consultation for you and send you a free bankruptcy brochure to help you learn more about the process.

Click here for helpful information regarding common bankruptcy myths