Find a Bankruptcy Lawyer in Franklin Massachusetts
A Franklin, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For individuals who pass the means test, Chapter 7 provides a Fresh Start. Bankruptcy wipes away most debts, including credit cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most idividuals retain or keep available means and personal property after filing chapter 7. Massachusetts state and Federal law dictate what people are allowed to keep (“Massachusetts State Exemptions”). Our firm will help you find out what possessions you are permitted to keep and what capital, if any, is at risk. More than likely, under Massachusettsrules, most keep their homes, automobiles, apparel, home furnishings, jewelry, retirement investments, and personal possessions.
Can a Franklin Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumors thatChapter 7 rules changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Liquidation bankruptcy laws did evolve, most people are still able to qualify and file for Chapter 7. The new rules 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
