Find a Bankruptcy Lawyer in Somerville Massachusetts
A Somerville, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For individuals who qualify, Liquidation Bankruptcy provides a Fresh Start. Chapter 7 eliminates most debts, including credit cards, payday loans, repossession deficiency balances, lawsuits, some tax obligations, and personal loans. Most peopleidividuals retain or keep current assets 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 determine what possessions you are permitted to keep and what assets, if any, is at risk. Undoubtedly, under Massachusettslaw, debtors retain their homes, automobiles, apparel, furniture, jewelry, retirement savings, and personal possessions.
Can a Somerville Bankruptcy Lawyer determine if I qualify for Bankruptcy?
Although you may have heard chatter thatBankruptcy laws transformed in 2005, which now makes it more difficult to file for Bankruptcy. Although Chapter 7 laws did evolve, most debtors are still meet the requirements and 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
