Find a Bankruptcy Lawyer in Newbury Massachusetts
A Newbury, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who qualify, Chapter 7 can give a Fresh Start. Bankruptcy erases most financial burdens, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals maintain or keep current assets and personal possessions after filing chapter 7. Massachusetts state and Federal law authorize what people are entitled to keep (“Massachusetts State Exemptions”). Our firm will help you determine what property you are permitted to keep and what property, if any, is at risk. More often than not, under Massachusettslaw, debtors do not lose their homes, automobiles, clothes, furnishings, jewelry, retirement investments, and personal possessions.
Can a Newbury Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Even though you may have heard chatter thatChapter 7 requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy requirements did change, most individuals are still meet the requirements and qualify and file for Chapter 7. 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