Find a Bankruptcy Lawyer in Methuen Massachusetts
A Methuen, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who qualify, Chapter 7 provides a Fresh Start. Chapter 7 wipes away most debts, including credit cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals maintain or keep cash reserves and personal possessions after filing chapter 7. Massachusetts state and Federal law describe what individuals are entitled to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what property you are approved to keep and what assets, if any, is at risk. More often than not, under Massachusettslaw, individuals keep their homes, cars, clothes, furnishings, wedding rings, 401(k), IRA, and personal possessions.
Can a Methuen Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard chatter thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy laws did evolve, most people 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. 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