Find a Bankruptcy Lawyer in Lincoln Massachusetts
A Lincoln, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who pass the means test, Chapter 7 offers a Fresh Start. Chapter 7 eliminates most debts, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most debtorsidividuals maintain or keep assets and personal property after filing chapter 7. Massachusetts state and Federal law determine what individuals are allowed to keep (“Massachusetts State Exemptions”). Our firm will counsel you determine what property you are approved to keep and what capital, if any, is at risk. Typically, under Massachusettsrules, individuals retain their homes, transportation, apparel, furnishings, wedding rings, 401(k), IRA, and personal possessions.
Can a Lincoln Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumblings thatChapter 7 rules changed in 2005, which now makes it more difficult to file for Bankruptcy. While the Chapter 7 laws did adjust, most people 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