Find a Bankruptcy Lawyer in Norwood Massachusetts
A Norwood, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those facing financial difficulty who qualify, Bankruptcy offers a Fresh Start. Chapter 7 erases most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most peopleidividuals retain or keep available means and personal belongings after filing chapter 7. Massachusetts state and Federal law determine what people are entitled to possess (“Massachusetts State Exemptions”). Our firm will counsel you find out what possessions you are approved to keep and what assets, if any, is at risk. More than likely, under Massachusettsrules, individuals retain their homes, transportation, clothes, furnishings, wedding rings, 401(k), IRA, and personal possessions.
Can a Norwood Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard chatter thatBankruptcy requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Bankruptcy rules 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