Find a Bankruptcy Lawyer in Topsfield Massachusetts
A Topsfield, 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 wipes away most financial burdens, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most debtorsidividuals retain or keep assets and personal belongings after filing chapter 7. Massachusetts state and Federal law authorize what people are entitled to possess (“Massachusetts State Exemptions”). Our firm will advise you determine what possessions you are allowed to keep and what assets, if any, is at risk. More than likely, under Massachusettsstatutes, debtors do not lose their homes, transportation, clothes, furnishings, jewelry, 401(k), IRA, and personal possessions.
Can a Topsfield Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumors thatChapter 7 requirements changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Bankruptcy laws did adjust, most individuals are still meet the requirements and 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