Find a Bankruptcy Lawyer in Peabody Massachusetts
A Peabody, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those facing financial difficulty who qualify, Chapter 7 can give a Fresh Start. Bankruptcy eliminates most debts, including charge cards, payday loans, repossession deficiency balances, most judgments, 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 authorize what debtors are authorized to keep (“Massachusetts State Exemptions”). Our firm will help you find out what belongings you are allowed to keep and what capital, if any, is at risk. More often than not, under Massachusettsrules, most retain their homes, transportation, clothes, furnishings, wedding rings, retirement investments, and personal possessions.
Can a Peabody Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumblings thatBankruptcy requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Bankruptcy rules did change, most debtors are still meet the requirements and qualify and file for Bankruptcy. 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