Law Office of David Noonan

Law Office of David Noonan Specializing in Bankruptcies David J Noonan Law "Your Resource and Solution"Serving Hampshire and Franklin Counties for Over Twenty Five years.

Bankruptcy Specialist. Former Chapter Seven Trustee. Business and Consumer Bankruptcies. Asset Protection. Settlement of Tax Claims.

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Did you know that filing for bankruptcy with a large balance in your checking account can actually make things difficult? The best thing to do if you have a large checking account balance is to spend the money on mortgage payments or other regular bills so the account is close to zero when you file.


Surprisingly, bankruptcy doesn't always affect credit as negatively as many people believe. Of course, this all depends on the level of your financial difficulties and the status of your credit score before you file. Talk to your attorney to see how this might affect you.


Rebuilding your credit after bankruptcy can be difficult, especially since filing for bankruptcy can knock your credit score down into the lowest rankings. Ask a bankruptcy attorney for advice on how to rebuild your credit after bankruptcy.


Chapter 7 plans make sense for debtors with mostly unsecured debt. That's debt not tied to a house or car. Credit cards and some loans are examples of unsecured debt, which can be completely erased in a Chapter 7 bankruptcy.


If you have more bills than income, you may think that bankruptcy is inevitable. However, it is a good idea to consult with an attorney before making this tough decision to see what your options are.


When you file for a chapter 13 bankruptcy, you'll only be required to pay a percentage of debt based on your total debts, the value of your assets, and any disposable income you may have. In many cases, this will reduce the amount of your total debt.


A bankruptcy trustee has the authority to undo contracts or agreements that appear to be an attempt to hide or spend assets before a bankruptcy filing. For example, paying a debt to your parents before a bankruptcy filing could be reversed.


It's vital to rely on someone with bankruptcy expertise to handle your case. While individuals can represent themselves, the information required is complex and the forms are not all intuitive. If your case is thrown out, the automatic stay is immediately lifted.


It's important to note that declaring personal bankruptcy cannot be used to discharge any debt that is owed to the IRS for back taxes. However, you may be able to work with the IRS to devise a suitable repayment plan that you can afford.


Bankruptcy can improve your credit scores in the long run, provided you make your payments and work on establishing new credit as soon as possible. Bankruptcy remains on your credit report for 10 years, but you can start repairing your credit immediately.


When filing for bankruptcy, you must follow many rules. A trained bankruptcy attorney knows all of these and can prevent the court from throwing out your case because of failure to follow appropriate bankruptcy protocols.


In a Chapter 7 bankruptcy, you file a petition asking the court to discharge your debts. You may be allowed to keep certain exempt properties, such as your home. Other properties are liquidated and the money is distributed to your creditors.


A bankruptcy attorney can protect you from creditor harassment once you've filed for bankruptcy. If debt collectors continue to call and harass you after you've informed them of your filing, your attorney should be able to put a stop to it.


When dealing with the hardship and stress of bankruptcy, it can be reassuring to work with someone who has gotten other people through the process successfully. A bankruptcy attorney can also handle any questions or challenges from the court regarding your case.


Think twice before you liquidate your retirement account to pay down your credit card debt! Retirement accounts are generally protected from bankruptcy proceedings. In most cases, you can eliminate your debt while retaining what you have in your retirement account free and clear.


Husbands and wives have the option of filing for bankruptcy separately or jointly. There may be some cases where it makes more sense for only one spouse to file. Your bankruptcy attorney can let you know which option is best for you.


If you are worried about losing your home or a car, talk to a bankruptcy attorney to see if there is any risk involved. There are exemptions available that protect homes, cars and most of the clothes and property in your home.


Your Chapter 13 payment plan should cover your past due mortgage payments, a percentage of your unsecured debt, and the trustee commission of about 11% of all plan payments. In addition, you'll need to keep making your mortgage and car payments.


Did you know that filing for Chapter 13 bankruptcy can prevent debtors from seizing your possessions? Ask a bankruptcy attorney if you qualify for Chapter 13 bankruptcy and how it can help you consolidate your debts.


Hiring a bankruptcy attorney is a good choice if you are filling for Chapter 13 bankruptcy, since an attorney has experience with repayment plans and can help you work out a plan that you can afford.


One of the main benefits of hiring a bankruptcy attorney is that he or she has experience in studying bankruptcy law and its changes over the years. An attorney can also help you make a case based on how trustees and judges typically handle similar issues.


A bankruptcy attorney can protect you from the uncertainty that comes from filing for bankruptcy. He or she will handle the communications from the court, from the trustees reviewing your case, and from your creditors.

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Check with a bankruptcy attorney to make sure the debts causing you the most trouble can be discharged. For example, most student loans - a source of financial difficulty for many - cannot be discharged in a bankruptcy.


Most debtors choose a Chapter 7 bankruptcy. In 2009, nearly 70 percent of individual bankruptcy cases were Chapter 7 filings. One attraction is the time in bankruptcy court. A Chapter 7 case can be discharged in four to six months.


One of the requirements when filing for bankruptcy is credit counseling with a government-approved counseling agency. You can do this any time up to six months prior to filing, so consider getting your counseling sooner rather than later.


Bankruptcy can be a complicated process, with laws that vary from state to state. If you're considering filing for bankruptcy, a qualified attorney can walk you through your choices and help you negotiate with your creditors.


Before you file for personal bankruptcy, it's important to understand that every asset you own must be included in the filing, although some may be exempted later. Schedule a consult with an attorney to see whether bankruptcy is a viable option.


Make sure you tell your attorney about all of your assets, so that he can determine the best course of action for your bankruptcy. Intentionally hiding your assets could actually result in a denial of your bankruptcy case, as well as fines and/or imprisonment.


There are two individual bankruptcy chapters to choose from. Chapter 7 is referred to as the liquidation plan while Chapter 13 requires a repayment schedule, usually for five years. A bankruptcy attorney can advise which is best for your situation.


If you still owe money on your car and wish to clear or discharge the debt, then you will have to return the car to the lender. If you wish to keep the car, then you'll need to reaffirm the loan and continue to make payments.


If you own no property and very few assets, what you do own may be exempted under chapter 7 bankruptcy. Speak to your attorney, as certain obligations may complicate things, such as alimony, student loans, and other items that are non-dischargeable.


If you can afford to continue making payments on your liens and mortgages, a chapter 13 bankruptcy may be your best option. One of the advantages of a chapter 13 plan is that you're able to keep property such as your home.


The moment you file bankruptcy, you are protected by the bankruptcy court. A stay is issued as soon as your bankruptcy case is filed. The stay blocks all creditors from taking any collection actions, including phone calls and letters.


Making a mistake in bankruptcy court can have serious consequences, including dealing with the court throwing your case out entirely. A bankruptcy attorney can ensure everything runs as smoothly as possible in bankruptcy court.


228 Triangle St
Amherst, MA

General information

Certification & Affiliations America bar Association American Board Certified Comm Law Division

Opening Hours

Monday 08:30 - 17:00
Tuesday 08:30 - 17:00
Wednesday 08:30 - 17:00
Thursday 08:30 - 17:00
Friday 08:30 - 17:00


(413) 549-5491


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