Find a Bankruptcy Lawyer in Wakefield Massachusetts
A Wakefield, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who meet basic requirements, Chapter 7 offers a Fresh Start. Chapter 7 eliminates most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals keep or keep current assets and personal belongings after filing chapter 7. Massachusetts state and Federal law authorize what debtors are authorized to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what possessions you are permitted to keep and what property, if any, is at risk. More often than not, under Massachusettslaw, most keep their homes, automobiles, apparel, furniture, wedding rings, retirement investments, and personal possessions.
Can a Wakefield Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumblings thatChapter 7 rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Bankruptcy rules did change, most individuals are still able to qualify and file for Bankruptcy. 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