Find a Bankruptcy Lawyer in Arlington Massachusetts
An Arlington, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who pass the means test, Chapter 7 can give a Fresh Start. Chapter 7 erases most financial burdens, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most peopleidividuals maintain or keep cash reserves and personal belongings after filing chapter 7. Massachusetts state and Federal law authorize what people are allowed to possess (“Massachusetts State Exemptions”). Our firm will counsel you find out what belongings you are permitted to keep and what property, if any, is at risk. Undoubtedly, under Massachusettsstatutes, most keep their homes, cars, apparel, home furnishings, wedding rings, retirement savings, and personal possessions.
Can an Arlington Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard chatter that Chapter 7 laws changed in 2005, which now makes it more difficult to file for Bankruptcy. Although Liquidation bankruptcy requirements did evolve, most individuals are still meet the requirements and qualify and file for Bankruptcy. The new law introduced the “means test”, which is based on IRS standards and median incomes. Our Attorneys understand the means test and the requirements to qualify for Chapter 7.
- Eliminate Credit Card Debt
- Stop Creditor Harassment
- Eliminate Repossession Delinquencies
- Stop Credit Card lawsuits
- Stop Wage Garnishments