Find a Bankruptcy Lawyer in Wilmington Massachusetts
A Wilmington, 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 erases most debts, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals maintain or keep current assets and personal possessions after filing chapter 7. Massachusetts state and Federal law determine what people are authorized to possess (“Massachusetts State Exemptions”). Our firm will advise you determine what property you are approved to keep and what capital, if any, is at risk. More than likely, under Massachusettsstatutes, debtors keep their homes, cars, apparel, furnishings, jewelry, retirement savings, and personal possessions.
Can a Wilmington Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Even though you may have heard rumblings thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Bankruptcy rules did adjust, most debtors are still able to 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