Find a Bankruptcy Lawyer in Chelsea Massachusetts
A Chelsea, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who meet basic requirements, Bankruptcy offers a Fresh Start. Chapter 7 eliminates most financial burdens, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most debtorsidividuals maintain or keep cash reserves and personal possessions after filing chapter 7. Massachusetts state and Federal law determine what debtors are entitled to retain (“Massachusetts State Exemptions”). Our firm will counsel you determine what possessions you are allowed to keep and what property, if any, is at risk. Typically, under Massachusettslaw, individuals do not lose their homes, transportation, clothes, home furnishings, jewelry, 401(k), IRA, and personal possessions.
Can a Chelsea Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumors thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Bankruptcy requirements did change, most debtors are still meet the requirements and qualify and file for Chapter 7. 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