Bankruptcy

An Authority on Bankruptcy and Debt Restructuring

Come see us for SUPPORTIVE, COMPETENT, and ACCURATE advice if:

• You are trying to save a business decimated by the collapsing economy
• You need to save your home in the face of overwhelming and multiple mortgages
• You are looking for a fresh start by getting out of crippling credit card payments, medical bills, or other unmanageable debt
• Your spouse is blaming you for the family’s financial problems and you need help fixing them

• Over 20 years of bankruptcy law experience, including Chapter 7, Chapter 11, and Chapter 13
• Appointed by the U.S. Department of Justice as a Chapter 7 Trustee for Massachusetts since 1997, overseeing approximately 600 bankruptcy cases per year.
• Named every year since 2005 by the publishers of Boston Magazine as a Massachusetts Super Lawyer, representing the top 5% of lawyers in Massachusetts.
• Featured bankruptcy analyst on FOX News Boston
• Quoted in bankruptcy related articles in the New York Times, Boston Globe, Boston Herald, Providence Journal, and others
• Member of the American Bankruptcy Institute
• Frequent lecturer for Massachusetts Continuing Legal Education, educating other attorneys on bankruptcy law
• Enjoys the highest “AV” rating by Martindale-Hubble, a national attorney peer review firm

Competent, Compassionate Advice

At Madoff & Khoury, LLP, we pride ourselves on providing straightforward, compassionate advice.  The only way to be sure of your options is to call us at 508-543-0040 for a free consultation in our Foxborough, Massachusetts offices.

Chapter 7 is a type of bankruptcy that is designed for individuals, corporations or other entities who are unable to pay their current debts and seek to discharge those debts. The advantages of Chapter 7 usually include:

• Discharging your unsecured debt, such as credit cards, personal loans and deficiencies from foreclosed homes or repossessed cars
• Stopping lawsuits and annoying calls from collection agencies
• Keeping your home and cars, as long as you are current on your payments
• Discharging old income tax debt
• Giving you a fresh start on your financial life within a few months

Madoff & Khoury LLP is a recognized leader in Chapter 11 bankruptcy, business reorganizations, and debt restructuring. Founding partners David Madoff and Michael Khoury are both former partners of Cohn Khoury Madoff & Whitesell LLP, a Boston bankruptcy, and business restructuring firm. In 2004 they formed their new firm, Madoff & Khoury LLP, bringing their extensive Chapter 11 bankruptcy and reorganization experience to southeastern Massachusetts at a more reasonable cost to their clients. Today they have become one of the primary area resources for other attorneys and businesses seeking expert advice on Chapter 11 bankruptcy, workouts, restructurings, sales, and liquidations.

Chapter 13 bankruptcies are designed for individual consumers who either wish to or need to repay some or all of their debts. If you are trying to save your home but are behind on your mortgage, or make too much money to file a Chapter 7, you should consider a Chapter 13. In a Chapter 13, you can usually:

• Stop foreclosure proceedings or car repossessions
• Repay the arrearage on your mortgage or your car loan over a five year period
• Eliminate your second mortgage if your house is worth less than what you owe on the first mortgage
• Pay unpaid taxes over a five-year period