Times are tough. We understand and are here to help in anyway we can. Here we are going to talk about bankruptcy and the process of doing it when there is real estate involved.

Know that some judges may need valuations of the real property. If that is the case, then please let us know. As I mentioned earlier… We are here to help.

Filing for bankruptcy can be a daunting and overwhelming process. For many homeowners in Massachusetts, it might seem like the only way out of severe financial distress. However, there are alternatives that can help you avoid the complexities of bankruptcy and foreclosure. It’s important to explore all the alternatives, but know that one such option if you are needing a fast and all cash deal is selling your house to a cash buyer.

Let’s explore the benefits of this approach and how it can be particularly advantageous if you’re considering bankruptcy. I am sure you have heard of the We Buy Ugly Houses Massachusetts type of companies. It’s these We Buy Houses Massachusetts companies that we are talking about when we say a “cash buyer”.

What Happens When You File for Bankruptcy?

When you file for bankruptcy, an automatic stay is put into effect. What is a “stay”? A stay prohibits creditors, including your mortgage lender, from taking any further collection or enforcement action against you. This means that foreclosure proceedings will be halted temporarily, giving you some breathing room. However, this relief is often temporary and comes with its own set of challenges (and expenses).

There are two types of Bankruptcy. It’s very important to know the differences as these two types of bankruptcy are very different.

Chapter 13 Bankruptcy: This type of bankruptcy allows you to propose a repayment plan to catch up on missed mortgage payments over three to five years. If you successfully make all the payments, you can avoid foreclosure and keep your home. But it requires a steady income and a strict adherence to the repayment plan, which can be difficult for many homeowners. Again, the very important part of this is that it requires a steady income. The court will make you prove that you are able to carry the property.

Chapter 7 Bankruptcy: This type discharges your debt but does not remove your responsibility for the property. Your mortgage lender can still foreclose on your home unless you reach a different agreement. Even after the debt is discharged, the property remains in your name until it is sold or foreclosed upon.

The Benefits of Selling to a Cash Home Buyer

Selling your house to a cash buyer will not always be the best solution for a homeowner who is behind on their mortgage payments. But it can provide a quicker, more straightforward solution compared to bankruptcy. Here’s why:

  1. Speed and Simplicity: We buy houses in Massachusetts quickly and with minimal hassle. You can receive a cash offer within days and close the deal in as little as a week. This speed can be crucial if you are trying to avoid the lengthy and stressful process of bankruptcy. A bankruptcy affects a person’s credit for 10 years.
  2. Avoid Foreclosure: By selling your house fast, you can prevent foreclosure, which can have long-term negative effects on your credit score and financial stability. A cash sale allows you to settle your debts and move forward without the burden of a foreclosure on your record. A foreclosure affects a person’s credit for 7 years.
  3. No Repairs Needed: Cash home buyers in Massachusetts purchase properties in as-is condition. This means you don’t have to worry about making expensive repairs or renovations to attract buyers. This can be particularly beneficial if you are already struggling financially.
  4. Immediate Relief: Receiving a cash offer provides immediate financial relief. You can use the proceeds to pay off your mortgage and other debts. This will give you a fresh start without the need to go through the bankruptcy process.
  5. Flexibility: Cash buyers can often work with you to find a closing date that fits your schedule. Whether you need to sell immediately or need a little more time to find a new place to live, cash buyers offer the flexibility to accommodate your needs. Some Massachusetts Cash Buyers can structure a deal so you can stay in the house after they buy it which offers you more time and thereby more options.

Get An Offer Today, Sell In A Matter Of Days

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How We Buy Houses in Massachusetts

If you are facing financial difficulties and considering bankruptcy, contact us for a cash offer on your home. Our process is simple and transparent:

  1. Initial Consultation: We discuss your situation and the property details. There is no obligation or pressure to proceed.
  2. Property Evaluation: We conduct a quick evaluation of your home, often without the need for a formal inspection.
  3. Cash Offer: You receive a no-obligation cash offer. We explain every aspect of the offer to ensure you understand and feel comfortable with the transaction.
  4. Closing: If you decide to accept the offer, we handle all the paperwork and close the deal quickly, often within a week. You receive cash payment promptly, allowing you to settle your debts and move forward.


Filing for bankruptcy can be a viable option for some homeowners, but it’s not the only solution. Selling your house for cash offers an alternative that can provide immediate financial relief, help you avoid foreclosure, and give you the fresh start you need. If you’re in Massachusetts and need to sell your house fast, consider reaching out to a cash home buyer like us at Chubb Investments. With a cash offer, you can move past your financial difficulties and focus on rebuilding your future.

For more information and to receive a cash offer, contact us today. We buy houses in Massachusetts and are here to help you navigate your options.

Sell The Simple Way. Get Started Now...

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