Find a Bankruptcy Lawyer in Groton Massachusetts
A Groton, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who qualify, Chapter 7 can give a Fresh Start. Chapter 7 wipes away most financial burdens, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most debtorsidividuals retain or keep current assets and personal belongings after filing chapter 7. Massachusetts state and Federal law dictate what people are allowed to keep (“Massachusetts State Exemptions”). Our firm will help you determine what property you are allowed to keep and what assets, if any, is at risk. More often than not, under Massachusettslaw, debtors do not lose their homes, transportation, clothes, furnishings, jewelry, retirement savings, and personal possessions.
Can a Groton Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumblings thatChapter 7 laws changed in 2005, which now makes it more difficult to file for Bankruptcy. While the Bankruptcy requirements did adjust, most individuals are still meet the requirements and qualify and file for Chapter 7. 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