Find a Bankruptcy Lawyer in Medford Massachusetts
A Medford, 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. Bankruptcy erases most financial burdens, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most peopleidividuals maintain or keep assets and personal property after filing chapter 7. Massachusetts state and Federal law dictate what debtors are entitled to retain (“Massachusetts State Exemptions”). Our firm will help you find out what belongings you are approved to keep and what capital, if any, is at risk. More than likely, under Massachusettslaw, most keep their homes, cars, clothes, furniture, jewelry, retirement savings, and personal possessions.
Can a Medford Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumors thatBankruptcy requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Bankruptcy requirements did evolve, most debtors 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. 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