Bucacci And Simonian, PC

05/20/2025

If you are like millions of Americans you have accumulated a lot of debt and trying to figure out the best way out. You are not alone. Many people in struggle to choose between bankruptcy and debt settlement. Both promise relief, but they work very differently. Only one of them truly protects you from lawsuits, wage garnishments, and years of damaged credit.

Debt settlement usually involves hiring a company to negotiate with your creditors for a lower lump sum payoff.

You make monthly payments to the debt settlement company for years.
They save up that money until they can offer a lump sum your creditors.
During that time, your debts typically remain unpaid and in collections.
Your credit score continues to drop.
There are tax consequences of debt settlement where you can owe more to the IRS
Worst of all, creditors can still sue you, garnish your wages, or send debt collectors after you even while you’re making payments.

In short: you’re paying faithfully, but there’s no guarantee you won’t get sued, and there’s no legal protection during the process.

Bankruptcy is a legal process, not a negotiation. When you file, the court gives you immediate protection through something called the automatic stay. This stops all collections, lawsuits, garnishments, and creditor harassment immediately.

Some benefits of bankruptcy include:

Immediate protection from lawsuits and garnishments
There are no tax consequences for discharged debt
Most clients see their credit score rise by 30–60 points within one day
You can often get a car loan in one week and a credit card in one month
Many people qualify for a mortgage in just two years
Your credit score can rebuild to around 720 relatively quickly
It doesn’t stop you from applying for government programs or getting a job

And contrary to what you might have heard, bankruptcy is not the end of your financial life it is the beginning of a fresh start.

For most people, bankruptcy offers more protection, faster results, and long-term savings compared to debt settlement. It’s a legal solution with powerful benefits and not a gamble with your future.

We offer free consultations with a bankruptcy attorney and convenient payment plans. No pressure, just honest answers to your questions and concerns. 508-678-000 or visit our website massbklaw.com

11/27/2024

Considering Bankruptcy?
We always tell potential clients to talk to us first to see if bankruptcy is in their best interest. The consultation is always free. Talk with Attorney Robert Simonian in private and in total confidentiality to see if filing bankruptcy in Massachusetts is right for you.
We can almost always come up with a solution to your financial problem. We have filed over 10,000 cases in the past 29 years and there are very few scenarios that we have not seen. We are known for our hard work, diligence, creativity and problem solving abilities. Often we are the bankruptcy attorneys other attorneys come to with difficult cases. Call today to see what we can do for you and what options are available. Often people believe they are the only ones with financial problems and are embarrassed of their situation. This is simply not true and many famous people have had to file for bankruptcy to get a fresh start.

Call now to connect with business.

11/13/2024

We always tell potential clients to talk to us first to see if bankruptcy is in their best interest. The consultation is always free. Talk with Attorney Robert Simonian or Attorney Anthony Bucacci in private and in total confidentiality to see if filing bankruptcy in Massachusetts is right for you.

We can almost always come up with a solution to your financial problem. We have filed over 10,000 cases in the past 26 years and there are very few scenarios that we have not seen. We are known for our hard work, diligence, creativity and problem solving abilities. Often we are the bankruptcy attorneys other attorneys come to with difficult cases. Call today to see what we can do for you and what options are available. Often people believe they are the only ones with financial problems and are embarrassed of their situation. This is simply not true and many famous people have had to file for bankruptcy to get a fresh start.

10/15/2024

1) You get a fresh financial start. Filing for bankruptcy is powerful and useful tool which allows you to discharge all or most of your debts and usually keep all of your assets. This is one of the twelve reasons to file for bankruptcy. You get a “fresh start” with your life and you can begin again financially without the burden of being in debt and being caught in the never ending debt trap. It will no longer affect your everyday life and you will no longer live in fear and you can put your life back together quickly.

2) Usually your credit score will improve over and above what your credit score would be if you didn’t discharge these debts. By the time most people file bankruptcy they are so far behind in their credit card payments that bankruptcy will actually help improve their credit score. Since most people are unlikely to pay their debts off this results in a permanently low credit score. Your credit score will decrease immediately upon the filing of the case but when your bankruptcy is finished your debts will appear as “discharged in bankruptcy”. Those debts discharged in bankruptcy will then no longer negatively impact your credit score. You can now begin to rebuild your credit score with new credit. You will get credit card offers after the bankruptcy discharge so use them wisely to increase your credit score. These are 2 of the twelve reasons to file bankruptcy.

3) You get freedom – Shakespeare said “never a borrower or lender be” because as a borrower you become a slave to the lender. If you owe credit card debts then you are slave to those big banks to whom you owe money. You pay huge amounts of interests to these big banks every month to service your debt. These interest payments only serve to enrich very large corporations at your expense. Filing bankruptcy can serve to free you permanently from both the worry and the financial strain of continual and unrelenting debt and the stress of the collection actions.

4) You can keep all or almost all of your assets. Most people can retain all of their assets in a bankruptcy. That includes your house and your cars and everything else that you own. Many people think they will lose everything. We have very generous exemptions in Massachusetts that allow most people to keep everything they own including your house retirement accounts and cars.

5) You will get peace back in your life. When you file bankruptcy your creditors must stop calling you on the phone. Most of my clients have not answered their phone for some time before they actually consider bankruptcy. Filing a bankruptcy will stop all of these collection efforts with the miracle of the “automatic stay” that is put in place once you file bankruptcy. This automatic stay stops all creditors from contacting you in any way once they get notice from the Bankruptcy Court.

6) No one needs to know. Many people are afraid of bankruptcy because they think that their landlord or their employer will find out about their bankruptcy and they believe they can be evicted or lose their job. This is not true and you will still have anonymity if you file. You don’t have to tell anyone that you filed bankruptcy and probably no one will know unless you tell them. It is unlikely that this will happen though so your secret should remain safe. Your landlord will probably not be notified especially if you are on a month to month lease. Your employer need not know unless you already have a wage garnishment that needs to be stopped. You cannot be fired from your job or thrown out of your apartment or home because you filed bankruptcy if your employer or lenders or landlord do find out. Discrimination of this sort based upon a bankruptcy filing is illegal.

7) You have other things to do with your money- If you are like most people then you need the money you earn from working to pay for your own personal bills and pay for your family and their needs. You don’t need to give this money to these large banks. You don’t need to spend this money to enrich large banks for money you borrowed from them a long time ago.
If you earn less than is allowed in the means test then you can probably file chapter 7 bankruptcy and discharge your debts.

8) You have already paid the credit card companies back at least what you borrowed if not 2 or 3 times more than that. If you are like most of my clients then the debts that you owe are probably very old. You have probably been making payments on these debts for years. If that is true then you have already paid back the creditors their money. By the time most people file a bankruptcy they have already paid back all of the money they borrowed plus a lot of interest. Don’t make the mistake of feeling that you need to keep paying these companies when you cannot afford to do so and your quality of life keeps dropping. These are 8 of the twelve reasons to file bankruptcy.

9) Times are very tough and many people need to file more now than ever. The price of food and gas has gone up and up and inflation is taking a toll on household budgets. Times are very tough in this economy and it does not look like it will get better soon so explore the possibilities that bankruptcy offers you.

10) Personal bankruptcy is your bailout – Corporations file bankruptcies all the time including the credit card companies that you owe money to. They bail out with bankruptcy so why not you? In addition many banks have received government bailout money to keep them going. They then turn around and bother you for money. That is your money they are receiving from the government but they are not giving you any breaks.

11) The creditors absolutely will not stop trying to collect from you until you pay or you are dead or you file bankruptcy. They only know one thing and that is to collect your debt with all of the interest and penalties that they can add. They will continue to sell the debt to other collectors and these collection agents have a nationwide network. They buy, sell, and trade these debts but they keep trying to collect. They simply will not just go away but rather they wait until you have something they can take from you.

12) Your situation will probably continue to get worse and worse if you don’t file bankruptcy or pay these creditors. The collection efforts will increase in intensity and eventually the creditors will file a law suit. Many people try to put their heads in the sand and hope the debts will disappear. This is not the case though as the situation will only get worse. The debts will grow in size as interest and fees grow. Eventually some creditors will file suit and serve these on you. If you do not file at this point then you could get a default judgment against you and they will use this judgment to collect money from you. They can now lien your house and file a lien against you personally or garnish your pay check. Most liens can be removed in bankruptcy. You should contact a bankruptcy lawyer for filing chapter 7 or filing chapter 13 with an experienced bankruptcy

02/16/2024

If you are overwhelmed by debt or feeling like you are falling further and further behind each month you may want to consider consulting with a bankruptcy attorney before you waste a lot of precious money one of the many “credit consolidation” companies that advertise something too good to be true. Many people wait too long to file for bankruptcy and often say that they needlessly suffered the stress, anxiety, loss of valuable time and missed opportunities when they could have been on the road to financial recovery a lot sooner. As a general rule you should not do business with someone unless you can meet face to face and if it seems too good to be true it probably is. More and more today people are searching the internet for information however, the problem with that is the information is so general it is almost misleading and does not apply to most cases. For example, a general bankruptcy search will tell you that you have to give up all of your property if you file however this simply is not true for about 99% of the cases and only applies to some property in very, very, very few cases. Again, a free consultation with an experienced bankruptcy attorney would probably be in your best interest before spending money with a doubtful company or blindly searching for information on the internet.

12/14/2023

Afraid of bankruptcy? Most people wait too long to file for bankruptcy and often say that they needlessly suffered the stress, anxiety, loss of valuable time and missed opportunities when they could have been on the road to financial recovery a lot sooner. Are you searching the internet and getting all different answers and worst case scenarios? Afraid that you may lose your house or your car? Very rarely does anyone filing bankruptcy lose their house and car. Call us today to find out real answers to your questions and to put your fears aside.

10/26/2023

Afraid or concerned about filing bankruptcy? Are you hearing different information from friends and the internet? Many people wait too long to file for bankruptcy. Afraid that you may lose your house or your car? Are you considering a “debt relief agency” that makes promises too good to be true? Afraid that your credit score will suffer? Very rarely does anyone filing bankruptcy lose their house and car and bankruptcy can actually help rebuild your credit. Call us today to find out the answers to your questions and to put your fears aside 508-673-9500

08/24/2023

Afraid of bankruptcy because you heard you will lose your car, house & possessions? Are you considering “debt reduction” or “credit consolidation” or “debt relief” companies that advertise and promise something too good to be true you should know the facts. It is not what they tell you and promise you it is what they DON’T tell you that can be misleading and ultimately makes your situation much worse. Afraid that you will have no credit again for 7 years? Afraid of other things you have heard from friends the internet or someone who has never filed for bankruptcy? Put those fears aside! These are usually not true at all! Very rarely does anyone lose a car or house or not have access to credit again soon after filing. Ask anyone you know who did file bankruptcy if it was the best thing that they ever did. Call us today for real answers to you concerns. We have filed over 9,000 cases in the last 25 years and can give you the answers and information you need. Call for a free consultation today 508-673-9500

08/22/2023

Afraid of bankruptcy? Most people wait too long to file for bankruptcy and often say that they needlessly suffered the stress, anxiety, loss of valuable time and missed opportunities when they could have been on the road to financial recovery a lot sooner. Are you searching the internet and getting all different answers and worst case scenarios? Afraid that you may lose your house or your car? Are you considering a “debt relief agency” that makes promises too good to be true? Very rarely does anyone filing bankruptcy lose their house and car. Call us today to find out real answers to your questions and to put your fears aside. 508-673-9500

08/18/2023

Before you consider “debt reduction” or “credit consolidation” or “debt relief” companies that advertise and promise something too good to be true you should know the facts. It is not what they tell you and promise you it is what they DON’T tell you that can be misleading and ultimately makes your situation much worse. If you can not meet with someone face to face you should not blindly send them your hard earned money for a period of years when bankruptcy can give you immediate relief and a very quick fresh start in life so you can begin rebuilding your credit quickly. Call us today for a free in person consultation to discuss your financial troubles. We are the local, trusted and experienced name in bankruptcy with almost 25 years experience and thousands of cases filed. Call today for a free, no obligation consultation. 508-673-9500

08/16/2023

Afraid to file bankruptcy? Do you think you will lose your car, your house, etc.? Do you think it will ruin your credit score forever and you will have no credit for 7 or more years? Are you considering a “debt relief agency” that makes promises too good to be true? Are you hearing different information from friends, family and on the internet? Call us today for real answers and a fresh start in life 508-673-9500