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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 …

“Once it’s clear that you will have to file chapter 7 bankruptcy, it’s helpful to have a general overview of the chapter 7 time line to understand what is expected of you during each part of the chapter 7 bankruptcy procedure.This article will deal with the basic chapter 7 time line, but it is always …