Massachusetts Bankruptcy Blog

Lawrence Masssachusetts Bankruptcy Lawyer             Have you been sued by your credit card? I was in Lawrence district court the other day and couldn’t believe the number of Lawrence residents being sued by their creditors. Most of the debtors had lost a job or ran into health problems or simply could not make ends meet.  The …

By Justin Pope AP The misfortunes that brought schoolteachers Devin and Sarah Stang and their four young children to bankruptcy — and the loss of their house and a car in the process — were their own unique story. They bought the house at just the wrong time. There were heavy medical expenses when, at …

The current economic crisis has left many people without financial resources to pay all of their bills and financial obligations contacting a Massachusetts Bankruptcy Lawyer may be the answer. Often times the pressure of debt can be unmanageable when debtors also face unexpected unemployment or illness. Fortunately there are a myriad of options open to …

If you go into Massachusetts District courts on any given day you are likely to see several unfortunate debtors who are being sued by their credit card companies. If you think they will not come after you for a few thousand dollars you would likely be wrong. First they will file a complaint against you …

Bankruptcy trustee Howard Ehrenberg is suing Tobey Maguire, star of “Spiderman,” in a claw back effort to reclaim more than $300,000. Ehrenberg is the trustee in thebankruptcy case of Bradley Ruderman. Ruderman is currently in prison for stealing $25 million from investors in his Ponzi scheme, fronted by a hedge fund that he managed. Ruderman …

Filing for personal bankruptcy is a serious decision that should not be taken lightly. But, bankruptcy can be beneficial and allow you to get a fresh financial start. Here are a few reasons why you may want to file either a chapter 7 personal bankruptcy or a chapter 13 personal bankruptcy. You Have Outstanding Medical …

By Peter Kenny Lawrence Massachusetts Bankruptcy Lawyer- Most people are familiar with the word bankruptcy, but many do not know much about Chapter 7 bankruptcy. This article deals with some of the more common issues associated with this particular form of bankruptcy.First of all, Chapter 7 is the most commonly used filing when it comes to …

A Boston bankruptcy lawyer can explain to you your options to see if bankruptcy is the right answer for you.  A bankruptcy lawyer will be your partner to help you get yourself back on track. Now, you may feel embarrassed or ashamed about your situation, but trust me, a good bankruptcy lawyer has seen just about every situation and is not …

Chapter Seven, also known as “liquidation” or “straight bankruptcy,” is what many individuals understand as a personal bankruptcy. Chapter Seven or any other type of personal bankruptcy will stop a lawsuit right away and stop creditors from placing a lien on your house or garnishing your hard-earned salary. Both federal and state laws provide exemptions …

Filing a Bankruptcy Petition Creates a Bankruptcy “Estate” When a debtor files a bankruptcy petition, an “estate” is automatically created. This estate generally includes all the debtor’s assets at the time the bankruptcy petition is filed. 11 U.S.C. § 541(a). This is also sometimes referred to as the bankruptcy estate. Why is the Bankruptcy Estate …