Find a Bankruptcy Lawyer in Lowell Massachusetts
A Lowell, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For individuals who pass the means test, Bankruptcy offers a Fresh Start. Bankruptcy eliminates most debts, including charge cards, payday loans, repossession deficiency balances, most judgments, 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 authorize what debtors are entitled to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what property you are allowed to keep and what capital, if any, is at risk. Typically, under Massachusettsrules, debtors do not lose their homes, cars, clothes, furniture, wedding rings, retirement savings, and personal possessions.
Can a Lowell Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard chatter thatBankruptcy rules changed in 2005, which now makes it more difficult to file for Bankruptcy. Although Chapter 7 laws did adjust, most debtors 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. 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