Find a Bankruptcy Lawyer in Bradford Massachusetts
A Bradford, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who meet basic requirements, Chapter 7 provides a Fresh Start. Chapter 7 erases most financial burdens, including credit cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most idividuals retain or keep available means and personal property after filing chapter 7. Massachusetts state and Federal law determine what people are allowed to retain (“Massachusetts State Exemptions”). Our firm will advise you determine what possessions you are permitted to keep and what assets, if any, is at risk. More than likely, under Massachusettsstatutes, individuals do not lose their homes, automobiles, apparel, furniture, jewelry, 401(k), IRA, and personal possessions.
Can a Bradford Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumors thatChapter 7 rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Liquidation bankruptcy requirements did evolve, most people are still able to qualify and file for Bankruptcy. The new rules 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