Find a Bankruptcy Lawyer in Melrose Massachusetts
A Melrose, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those facing financial difficulty who meet basic requirements, Chapter 7 provides a Fresh Start. Bankruptcy wipes away most debts, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals maintain or keep assets and personal property after filing chapter 7. Massachusetts state and Federal law dictate what people are allowed to keep (“Massachusetts State Exemptions”). Our firm will advise you find out what property you are allowed to keep and what assets, if any, is at risk. Typically, under Massachusettsstatutes, most do not lose their homes, transportation, clothes, furnishings, jewelry, retirement investments, and personal possessions.
Can a Melrose Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumblings thatChapter 7 requirements transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy laws did adjust, most debtors are still able to qualify and file for Bankruptcy. 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