Bankruptcy / Rhode Island / North Providence

Filing Bankruptcy in North Providence: 7 Things You Need to Know

Written by Ben Tejes
Updated Nov 27th, 2023

You are considering filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in North Providence. Bankruptcy is a common debt relief choice. In fact, many people in Rhode Island have received bankruptcy relief, and North Providence is no different. In fact, there were 1,226 bankruptcies filed in Rhode Island in the year ending June 30, 2021 (Source). With a population of 32564, I’d estimate a fair number of those were in North Providence.

The purpose of this article is to provide an extensive list of filing bankruptcy in North Providence including:

  1. Chapter 7 Bankruptcy in North Providence
  2. Chapter 13 Bankruptcy in North Providence
  3. North Providence Bankruptcy Attorney Fees
  4. Finding a Reputable Bankruptcy Lawyer in North Providence
  5. Estimating Loss of Belonging (i.e.
  6. Getting Bankruptcy Help in North Providence
  7. Bankruptcy Alternatives and Conclusion

Without further ado, let’s get started with Chapter 7 bankruptcy.

Chapter 7 Bankruptcy in North Providence

Chapter 7 bankruptcy is the most common consumer bankruptcy in the United States. People appreciate the simplicity of Chapter 7 bankruptcy, the cost of the Chapter 7 bankruptcy, and the speed of debt relief. For example, in North Providence, you could get debt relief in about 120 days with a Chapter 7 bankruptcy.

One of the challenges of Chapter 7 bankruptcy in North Providence is that you have to qualify. In order to qualify in North Providence, you often have to pass the Rhode Island bankruptcy means test. You can estimate that qualification below in North Providence. Let’s cover how you can qualify.

Chapter 7 Qualification

The first part of the means test is to understand your income in relation to the median income levels for Rhode Island. It considers the average family size and income.

To estimate your qualification, you can take the North Providence Chapter 7 qualification calculator below that is specific to North Providence.

Finally, the most recent Rhode Island median income levels is for cases filed on or after November 1, 2023, and can be found below. 

# of PeopleAnnual Income
1$69,648
2$89,735
3$115,152
4$133,440
5$143,340
6$153,240
7$163,140
8$173,040
9$182,940

If your income exceeds the median, you can move on to the second part of the means test to estimate qualification. The second part of the means test is to understand your actual expenses. You can check out our guide covering trying to qualify for Chapter 7 bankruptcy above the median.

For example, the average median rent amount in North Providence is $1004, but let's say your rent is almost double that amount. Could you potentially still qualify for Chapter 7 bankruptcy because of those additional expenses? What you are able to state as ab expense is limited, and you can refer to the current national standard for the maximum amounts, but you may want to speak with your attorney about this situation.

Which Could Would You File In If You Live In North Providence?

North Providence is located in the Rhode Island one district district, so our understanding is that you would be filing your bankruptcy in the Providence bankruptcy court. Here's the estimated information we have for your court:

Providence Bankruptcy Court
Address: 380 Westminster St, Providence, RI 2903
Phone: (401) 626-3100

Does that mean you would have to drive to court?

Not necessarily. 

Please note that main meeting for a Chapter 7 bankruptcy is the 341 meeting of creditors, which is often online via Zoom or another teleconference after the COVID-19 pandemic. 

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is known as a wage-earner bankruptcy. Chapter 13 bankruptcy is a voluntary reorganization of debt.  In Chapter 13 bankruptcy, the individual has debt that they can no longer manage and often own assets that exceed state and/or federal relief. Folks file Chapter 13 bankruptcy often when they do not qualify for Chapter 7 bankruptcy.  

Most individuals in North Providence will qualify for Chapter 13 bankruptcy as long as they are below the debt limits.

Compared to Chapter 7, there is no liquidation in Chapter 13 Bankruptcy. Although, the discharge won’t be until around 3 to 5 years. The Chapter 13 bankruptcy will stay on your credit report for 7 years.

North Providence Bankruptcy Attorney Fees

When looking for a bankruptcy attorney, we recommend that you look for these 5 attributes: Rate, Reliability, Referrals, Reviews, and Relevancy. You can check our guide to find a top bankruptcy attorney in North Providence.

The estimated Chapter 7 bankruptcy lawyer fee in North Providence is: $1062 - $2500.

The estimated Chapter 13 bankruptcy lawyer fee in North Providence is: $2,500. The Chapter 13 attorney fee is often set across the district, meaning that all Chapter 13 bankruptcy attorneys in a district may charge around the same fee.

North Providence Bankruptcy Attorneys

One of the most important things to do is to find a reputable bankruptcy attorney in North Providence if you decide to hire one. This is legal advice related to finances that are going to affect your future. For example, making sure you are in the right bankruptcy chapter (Chapter 7 vs Chapter 13) could cost you thousands more and take you years longer.

Chapter 7 Bankruptcy Lawyer

As stated above, North Providence has a population of 32564. In many cases, individuals in larger cities such as Providence or Cranston would like a bankruptcy lawyer close by. In smaller cities, I have found that individuals have questions about whether the bankruptcy will show up in the newspaper or whether friends will hear about it. This is a valid question.

Regardless, you can check the Chapter 7 bankruptcy lawyers in or near North Providence using the table below. You just need to input your zip code, and voila, you can choose which Chapter 7 bankruptcy lawyer you would like to speak to near or far away from North Providence in a free bankruptcy lawyer consultation

Chapter 13 Bankruptcy Lawyer

Filing a Chapter 13 bankruptcy in North Providence may be a bit more intensive, so you may consider a Chapter 13 bankruptcy that is closer to you. That said, with the internet and the pandemic, many of the meetings are now online and you can generally submit your documentation online as well.

How much a Chapter 13 bankruptcy attorney often charges is based on what's called a no-look fee. We do our best to track the Chapter 13 attorney fee in North Providence.

Bankruptcy Exemptions in Rhode Island

As you live in North Providence, you are often able to use the Rhode Island bankruptcy exemptions to help you keep your belongings.

One of the biggest questions people have is whether they are able to keep their homes in bankruptcy. This is where bankruptcy exemptions come into play. As North Providence has a home ownership % of 56.5% and an estimated estimated home value of $217256, you can understand that many people want to keep this asset. You can often keep your assets using bankruptcy exemptions.

Here are the Rhode Island bankruptcy exemptions. The exemptions are revised on different occasions, so you may wish to check the most current information on exemptions. Also, as a reference, Rhode Island is a place that allows you to use federal bankruptcy exemptions. You often have to choose which one to use, so a bankruptcy attorney can help you with that option.

Homestead Exemption

The homestead exemption is often broken down by age and whether you are married. 

  • Single and under 65: $500,000
  • Single is 65 or older: $500,000
  • Married and under 65: $500,000
  • Married is 65 or older: $500,000

Rhode Island specific homestead bankruptcy exemption text: “R.I. Gen. Laws § 9-26-4.1. Land & buildings you occupy or intend to occupy as a principal residence” (Source)

Automobile Exemption

The automobile bankruptcy exemption in Rhode Island is $12,000.

Tools of Trade Exemption

The tools of the trade bankruptcy exemption in Rhode Island is $2,000.

Wildcard Exemption

The wildcard bankruptcy exemption in Rhode Island is $6,500.

Personal Property Exemption

The personal property bankruptcy exemption in Rhode Island is $9,600.

Special Exemption Handling for Rhode Island

Below is specific special handling of bankruptcy exemptions in Rhode Island.

Bankruptcy Help in North Providence

Unemployment can cause both frustration and angst about options. The most recent statistic I found is that the North Providence unemployment rate is 6.9%. There may be resources available to help. In addition to the unemployment rate, North Providence has a disability rate of 13.4%. As such, if you are truly in need and don’t have income, there are resources that may be available that can help you.

Check out the legal aid and free resources that may be available in North Providence.

Legal Aid and Free Resources

Here are some legal aid resources that may be helpful to you in North Providence.

The bankruptcy court and district may have free resources that are available to you. I have included the information below. 

Lastly, North Providence also has a limited English rate of 3.8% and a poverty rate of 11%. If you have limited English, you may check out the court websites for Rhode Island for additional information on how you can be served. You can also see how filing bankruptcy without an attorney can work if you cannot afford a bankruptcy lawyer.

Courts and Districts in Rhode Island

District of Rhode Island

  • Federal Building and Courthouse
    Providence, RI 02903

Debt Settlement in North Providence

One of the most common alternatives to bankruptcy is debt settlement. A debt settlement firm would negotiate for a lower amount due on your debt in the case of financial hardship. The goal would be to reduce your debt in half. In this case, you would have a lower monthly payment.

If you are looking at debt settlement in North Providence, you may want to consider a national debt settlement firm to a local one in North Providence. For example, most of your creditors are probably national banks instead of local North Providence banks. As such, you can potentially get lower fees by using a national firm. You should strongly consider the pros and cons and credit score impact before taking the plunge as Ascend only recommends 2 debt settlement firms nationwide that both offer free phone evaluations.

Conclusion

Chapter 7 bankruptcy and Chapter 13 bankruptcy in North Providence can provide debt relief. That said, you may want to consider the cost of bankruptcy in North Providence, the different bankruptcy chapters, reputable attorneys in North Providence and alternatives to help you make the most informed decision. 

You can also take our Chapter 7 vs Chapter calculator below to help you estimate the cost and qualification of Chapter 7 bankruptcy and Chapter 13 bankruptcy in North Providence.