Find a Bankruptcy Lawyer in Winthrop Massachusetts
A Winthrop, 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 can give a Fresh Start. Bankruptcy erases most debts, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals retain or keep cash reserves and personal property after filing chapter 7. Massachusetts state and Federal law determine what debtors are entitled to keep (“Massachusetts State Exemptions”). Our firm will counsel you determine what belongings you are allowed to keep and what assets, if any, is at risk. More than likely, under Massachusettsrules, most keep their homes, cars, clothes, furnishings, jewelry, 401(k), IRA, and personal possessions.
Can a Winthrop Bankruptcy Lawyer determine if I qualify for Bankruptcy?
You may have heard rumblings thatChapter 7 laws changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Liquidation bankruptcy requirements did change, most individuals are still able to qualify and file for Chapter 7. The new law 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