Find a Bankruptcy Lawyer in Gloucester Massachusetts
A Gloucester, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For debtors who qualify, Liquidation Bankruptcy provides a Fresh Start. Chapter 7 wipes away most financial burdens, including credit cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals retain or keep current assets and personal possessions after filing chapter 7. Massachusetts state and Federal law authorize what individuals are allowed to keep (“Massachusetts State Exemptions”). Our firm will advise you determine what belongings you are approved to keep and what capital, if any, is at risk. More often than not, under Massachusettsstatutes, individuals retain their homes, transportation, clothes, furnishings, jewelry, retirement savings, and personal possessions.
Can a Gloucester Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Even though you may have heard rumors thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy requirements did evolve, most people are still able to qualify and file for Bankruptcy. The new rules introduced the “means test”, which is based on IRS standards and median incomes. Our Attorneys 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
