Phone (978) 921-1050
Toll Free (866) 550-1050
Fax (978) 921-7877
86 Dodge Street, Route 1A
Beverly, MA 01915

Practice Areas - Bankruptcy

Bankruptcy: Frequently Asked Questions »

For over a decade, Heney & Associates has helped North Shore residents discharge their debts and obtain financial fresh starts. We assist individuals and small businesses discharge debts through Chapter 7 and Chapter 13 filings, and through debt settlement options outside of bankruptcy. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Most debts are dischargeable through bankruptcy, and a bankruptcy discharge would provide you with a financial fresh start whereby you can regain control of your finances and begin rebuilding your credit.

A Chapter 7 filing may allow you to obtain a discharge of debt in as little as 90-120 days. And contrary to many popular bankruptcy myths, the vast majority of people who file retain all of their assets. This is possible because both Federal and State laws allow you to exempt out of the bankruptcy certain amounts of your assets in order to create what are called “no asset” cases.

A Chapter 13 filing consists of a payment plan over 3-5 years, in which all of your debts are consolidated into one monthly payment made to the Chapter 13 Trustee. If you have missed payments on your mortgage and are facing foreclosure, a Chapter 13 filing may give you the ability to prevent a foreclosure and keep your home.

If you would like to schedule a free initial consultation, then please contact Attorney Heney ( or call (978) 921-1050.

Helpful Link

Bankruptcy Basics (

Helpful Videos (provided by the Administrative Office of the U.S. Courts)

Bankruptcy Basics Part 1: Introduction (2:50)
Bankruptcy Video 1
Bankruptcy Basics Part 2: Types of Bankruptcy (4:06)
Bankruptcy Video 2
Bankruptcy Basics Part 3: Limits of Bankruptcy (4:44)
Bankruptcy Video 3
Bankruptcy Basics Part 4: Filing for Bankruptcy (3:08)
Bankruptcy Video 4
Bankruptcy Basics Part 5: Creditors' Meeting (1:39)
Bankruptcy Video 5
Bankruptcy Basics Part 6: Bankruptcy Crime (3:36)
Bankruptcy Video 6
Bankruptcy Basics Part 7: Court Hearings (3:52)
Bankruptcy Video 7
Bankruptcy Basics Part 8: The Discharge (1:39)
Bankruptcy Video 8
Bankruptcy Basics Part 9: Legal Assistance (5:10)
Bankruptcy Video 9