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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 …

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 …

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 …