Find a Bankruptcy Lawyer in Dracut Massachusetts
A Dracut, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those facing financial difficulty who meet basic requirements, Liquidation Bankruptcy provides a Fresh Start. Bankruptcy erases most financial burdens, including charge cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most idividuals keep or keep cash reserves and personal belongings after filing chapter 7. Massachusetts state and Federal law dictate what debtors are authorized to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what belongings you are approved to keep and what property, if any, is at risk. Typically, under Massachusettslaw, most keep their homes, transportation, clothes, home furnishings, jewelry, 401(k), IRA, and personal possessions.
Can a Dracut Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumors thatChapter 7 requirements transformed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Liquidation 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. 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
