Find a Bankruptcy Lawyer in Hopkinton Massachusetts
A Hopkinton, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who meet basic requirements, Chapter 7 can give a Fresh Start. Chapter 7 eliminates most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals retain or keep cash reserves and personal possessions after filing chapter 7. Massachusetts state and Federal law describe what people are allowed to possess (“Massachusetts State Exemptions”). Our firm will advise you determine what belongings you are approved to keep and what capital, if any, is at risk. Typically, under Massachusettslaw, most do not lose their homes, automobiles, clothes, home furnishings, jewelry, retirement investments, and personal possessions.
Can a Hopkinton Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumors thatBankruptcy laws changed in 2005, which now makes it more difficult to file for Bankruptcy. While the Bankruptcy rules did evolve, most individuals are still able to 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