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Bankruptcy Attorney Danvers MA http://www.PeterKaplanLaw.com Are you drowning in debt? Trying to keep your head above water in today's economy isn't easy. You're doing your best to keep up with your bills, but things can happen that are beyond your control. Bankruptcy Attorney in Danvers, MA can help.Maybe you or your spouse lost your job or your 401K or both, so you used credit cards or refinanced your home to tide you over and got a little over your head. In another time, you could get a second job or sell your house to free yourself from debt, but now you're lucky if you can get one job. And forget about selling your house in this economy! Don't blame yourself.....Bankruptcy Attorney Danvers MA will help you. It's not your fault. Good people get in financial trouble all the time due to circumstances beyond their control. Take charge of the situation so you can move on and start over. Call today for a Free consultation: 978-740-2805 Law Offices of Peter Kaplan, PC 60 Washington Street Suite 305 Salem, MA. 01970 Bankruptcy Attorney Danvers MA What are the different types of bankruptcy? Chapter 7, sometimes referred to as "straight" bankruptcy, or "liquidation", chapter 7 bankruptcy requires a debtor to give up property which exceeds certain limits called "exemptions", so the property can be sold to pay creditors. Chapter 11, known as "reorganization", this form of bankruptcy is generally used by businesses. Chapter 12 is reserved for family farmers Chapter 13, or "debt adjustment", requires a debtor to file a plan to pay debts (or a portion of debts) over a period of time, generally 3 to 5 years. Most people filing for bankruptcy file under either Chapter 7 or 13. Either type of case may be filed individually or by a married couple filing jointly.