Find a Bankruptcy Lawyer in Salem Massachusetts
A Salem, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those facing financial difficulty who cannot make ends meat, Liquidation Bankruptcy can give a Fresh Start. Chapter 7 erases most financial burdens, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals maintain or keep current assets and personal property after filing chapter 7. Massachusetts state and Federal law describe what individuals are allowed to keep (“Massachusetts State Exemptions”). Our firm will help you find out what possessions you are allowed to keep and what belongings, if any, is at risk. More than likely, under Massachusettsstatutes, most retain their homes, transportation, clothes, furniture, jewelry, 401(k), IRA, and personal possessions.
Can a Salem Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard chatter thatBankruptcy requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Although Bankruptcy rules did evolve, 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