Find a Bankruptcy Lawyer in Lynn Massachusetts
A Lynn, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who meet basic requirements, Liquidation Bankruptcy provides a Fresh Start. Chapter 7 erases most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals retain or keep current assets and personal possessions after filing chapter 7. Massachusetts state and Federal law describe what debtors are authorized to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what property you are approved to keep and what capital, if any, is at risk. Undoubtedly, under Massachusettsrules, debtors keep their homes, automobiles, clothes, furniture, wedding rings, retirement investments, and personal possessions.
Can a Lynn Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumblings thatBankruptcy requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Liquidation bankruptcy laws did evolve, most individuals are still able to qualify and file for Chapter 7. The new rules 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