Find a Bankruptcy Lawyer in Needham Massachusetts
A Needham, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who meet basic requirements, Chapter 7 can give a Fresh Start. Chapter 7 wipes away most debts, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most idividuals keep or keep cash reserves and personal belongings after filing chapter 7. Massachusetts state and Federal law describe what debtors are entitled to retain (“Massachusetts State Exemptions”). Our firm will counsel you find out what belongings you are permitted to keep and what belongings, if any, is at risk. Undoubtedly, under Massachusettsrules, debtors keep their homes, transportation, apparel, home furnishings, jewelry, retirement savings, and personal possessions.
Can a Needham Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumors thatChapter 7 requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Although Liquidation bankruptcy laws did adjust, most people are still able to qualify and file for Bankruptcy. 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