Limited Assistance Representation

Limited Assistance Representation

What is limited assistance representation?

Limited assistance representation (sometimes called “unbundling”) is a way that an attorney can help you with part of your case while you do the rest of your case. For example:

1. You can consult with an attorney to prepare or review your paperwork, but attend the hearing yourself;

2. You can represent yourself through the whole case, and periodically consult with an attorney who can coach you on the law, procedures and strategy;

3. You can do the preparation yourself and hire an attorney just to make the court appearance for you;

4. You may want to do your own investigation of the facts (“discovery”) and ask the attorney to assist you in putting the information in a format which is useful to the court;

5. You may ask the attorney to be on “standby” while you attend the settlement conference yourself.

With limited scope assistance, you may be able to handle the whole case yourself, except for a few technical areas where the attorney can help you. It really is between you and the attorney how much of your case you hire them to do. If you do this, it is important to keep returning to the same attorney. Otherwise, you’re paying a new person to get up to speed on your case each time that you consult. Some areas of the law are extremely technical and it is rare for non-attorneys to effectively handle them. Among these are pension rights, stock options, and business interests. You will almost certainly need the assistance of an attorney if your case involves any of these issues.

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Massachusetts Bankruptcy Protection

Bankruptcy Protection law

Imagine Yourself Debt-Free, With a Fresh Start

While it may not be easy to decide whether or not to file for bankruptcy, it can offer you a way to eliminate your debt burden when it has become too great to handle on your own. Under the current economic conditions, bankruptcy no longer has the negative “stigma” associated with it many years ago. The rich and famous as well as the poor and unknown have filed for bankrupcy protection in the federal courts and as foreclosures and unemployment continue to degrade the economy, individuals and businesses alike will continue to seek a “fresh start” through bankruptcy.

There are two main types of bankruptcy cases individuals use, Chapter 7 and Chapter 13. While both provide relief from debt and a fresh financial start, there are distinct differences and at Wright & Associates, we are committed to making sure you understand what they are and what options are available to you.

Chapter 7

Chapter 7 is commonly referred to as “straight bankruptcy,” and is the most common type of bankruptcy filing. Petitioners who invoke Chapter 7 have few or no assets available to pay creditors, and the discharge applies to most debts.

Important things to know about Chapter 7 are:

You must qualify to file Chapter 7 based on your income and a means test set out in bankruptcy law. If you can afford to repay a portion of your debts, you may have to use Chapter 13

Your available assets, called nonexempt property, may be sold by the bankruptcy trustee to pay your creditors

You are permitted to keep exempt property, which is protected from the reach of your creditors

The Chapter 7 discharge applies to most common unsecured debt types, including medical bills and credit cards

Most Chapter 7 cases are “no-asset,” meaning there’s nothing left to pay creditors after accounting for your property exemptions. State or federal law control property exemptions, and this is why bankruptcy cases can be different from state to state.

Bankruptcy Protection law

Chapter 13

Chapter 13 is commonly referred to as a “re-organization” because it essentially re-organizes and prioritizes your debts. That is, you make partial or full payments according to a court-approved repayment plan, and remaining debts are discharged once you complete the repayment plan. If you have a set amount of stable disposable income after paying for life essentials, Chapter 13 may be your only bankruptcy option.

The repayment plan is the main part of a Chapter 13 case and property exemption laws factor into figuring out repayment plan details.

Key features of Chapter 13 cases:

  • You have mortgages or loans you want to bring current through the repayment plan, allowing you to keep the property
  • Your debts are ineligible for a Chapter 7 discharge, such as taxes, child support or student loans
  • You’re driven to pay off debts by personal values or morals
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Mortgage Modification

Mortgage Modification

A loan modification can be the best solution for a struggling homeowner. A loan modification can stop a foreclosure sale date and save your home. It can also lower your monthly payment by reducing your interest rate and or extending the term of you loan, and result in your loan being reinstated so that you are current without the need to pay all the missed mortgage payments. It is generally a very simple process to begin, and the lenders generally make it very simple to file a Massachusetts Loan Modification application. This has an unfortunate effect on the homeowner. To many it seems as though they have found the solution to their problems. Unfortunately, this simple-to-get-started approach disguises the complexity of getting an application for modification approved. Many homeowners complain about getting the run around, being strung along for months and sometimes years while the lender “processes the modification”. In some cases, homeowner applicants are given “TRIAL LOAN MODIFICATIONS” that string them along further, and are then denied after complying with all the requirements of the trial. Only then do they find out that they never really qualified for the Trial Loan Modification. That they were only given the trial modification because the bank personnel that approved the trial did not do the right job. Some have concluded that government incentives paid to the bank for the number of homeowners that are put into trial modifications have created an incentive for banks to put unqualified homeowners into a trial program. The good news is that our group can help.

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