Find a Bankruptcy Lawyer in Merrimac Massachusetts
A Merrimac, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who qualify, Chapter 7 offers a Fresh Start. Bankruptcy eliminates most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most debtorsidividuals keep or keep cash reserves and personal belongings after filing chapter 7. Massachusetts state and Federal law dictate what individuals are entitled to possess (“Massachusetts State Exemptions”). Our firm will advise you find out what possessions you are allowed to keep and what assets, if any, is at risk. Undoubtedly, under Massachusettsstatutes, debtors keep their homes, cars, apparel, furnishings, jewelry, retirement savings, and personal possessions.
Can a Merrimac Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard rumors thatChapter 7 laws changed in 2005, which now makes it more difficult to file for Bankruptcy. Even though Bankruptcy rules did change, most individuals are still meet the requirements and 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
