Massachusetts Local Bankruptcy Rules
How Massachusetts handles Bankruptcy Proceedings
Although bankruptcy is a federal matter, each state has its own bankruptcy rules. The United States Bankruptcy Court for the District of Massachusetts has a unique set of bankruptcy rules that you can review. Your attorney should familiarize these rules if you are filing for bankruptcy, and they will be able to help you navigate the process.
Call our office today at (781) 558-5172 for free advice on Massachusetts bankruptcy laws. We are available to help you determine the best next steps.
What the Bankruptcy Rules Say
In 2016, the most recent version of the state’s bankruptcy rules. This document is divided into nine parts. The rules contain information about filing bankruptcy and the procedures involved. They also include the official versions of any local forms that an individual might need to complete during the process.
These are the parts of the Massachusetts bankruptcy laws:
- Start of the Case: Proceedings Relating To Petition and Order for relief
- General Provisions
- Claims and distribution to creditors and equity interest holders
- Adversary Proceedings
- Bankruptcy Courts and Clerks
- Collecting and liquidation of the Estate
- The Debtor: Duties & Benefits
- Officers and Administration
These rules may not apply to all types of bankruptcy. Chapter 13 bankruptcy does not require liquidation, so restrictions regarding the liquidation and distribution of estates will not apply.
Do not rely on the Massachusetts Local Bankruptcy Laws to Protect Yourself.
Choosing the right law firm is essential if you consider filing for divorce. Although it might seem like a cost, hiring a bankruptcy attorney should be considered an investment. Although a Massachusetts bankruptcy lawyer can guarantee an inevitable outcome, it is not a guarantee.