Find a Bankruptcy Lawyer in Saugus Massachusetts
A Saugus, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who qualify, Chapter 7 offers a Fresh Start. Chapter 7 eliminates most financial burdens, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most debtorsidividuals keep or keep cash reserves and personal property after filing chapter 7. Massachusetts state and Federal law describe what debtors are allowed to possess (“Massachusetts State Exemptions”). Our firm will advise you determine what possessions you are permitted to keep and what property, if any, is at risk. Undoubtedly, under Massachusettslaw, most keep their homes, cars, clothes, furnishings, jewelry, retirement investments, and personal possessions.
Can a Saugus Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumors thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Chapter 7 requirements did change, 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