Find a Bankruptcy Lawyer in Wayland Massachusetts
A Wayland, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For individuals who qualify, Chapter 7 offers a Fresh Start. Chapter 7 wipes away most financial burdens, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most idividuals retain or keep assets and personal belongings after filing chapter 7. Massachusetts state and Federal law dictate what individuals are allowed to retain (“Massachusetts State Exemptions”). Our firm will advise you determine what property you are permitted to keep and what assets, if any, is at risk. More than likely, under Massachusettsstatutes, debtors do not lose their homes, cars, apparel, furniture, jewelry, 401(k), IRA, and personal possessions.
Can a Wayland Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumors thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy rules did adjust, most people 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