Find a Bankruptcy Lawyer in Belmont Massachusetts
A Belmont, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who pass the means test, Chapter 7 provides a Fresh Start. Chapter 7 wipes away most debts, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals maintain or keep assets and personal belongings after filing chapter 7. Massachusetts state and Federal law describe what debtors are allowed to retain (“Massachusetts State Exemptions”). Our firm will counsel you find out what possessions you are allowed to keep and what capital, if any, is at risk. More often than not, under Massachusettsrules, individuals keep their homes, transportation, apparel, furniture, jewelry, retirement investments, and personal possessions.
Can a Belmont Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumors thatChapter 7 laws transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Bankruptcy laws did adjust, most individuals are still able to qualify and file for Bankruptcy. The new law introduced the “means test”, which is based on IRS standards and median incomes. We 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