Find a Bankruptcy Lawyer in Watertown Massachusetts
A Watertown, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who meet basic requirements, Chapter 7 provides a Fresh Start. Bankruptcy eliminates most financial burdens, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most debtorsidividuals maintain or keep cash reserves and personal property after filing chapter 7. Massachusetts state and Federal law authorize what debtors are authorized to keep (“Massachusetts State Exemptions”). Our firm will help you determine what property you are allowed to keep and what capital, if any, is at risk. Typically, under Massachusettslaw, most keep their homes, cars, apparel, home furnishings, jewelry, retirement savings, and personal possessions.
Can a Watertown Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumblings thatChapter 7 requirements transformed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Chapter 7 requirements did change, most people 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