Find a Bankruptcy Lawyer in Wellesley Massachusetts
A Wellesley, Massachusetts Bankruptcy Lawyer will help you determine if bankruptcy is a possible solution to your financial problems. For those who meet basic requirements, Chapter 7 provides a Fresh Start. Chapter 7 erases most debts, including charge cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most idividuals keep or keep assets and personal belongings after filing chapter 7. Massachusetts state and Federal law describe what individuals are allowed to keep (“Massachusetts State Exemptions”). Our firm will counsel you find out what belongings you are permitted to keep and what property, if any, is at risk. Typically, under Massachusettsrules, debtors retain their homes, cars, clothes, furnishings, wedding rings, retirement savings, and personal possessions.
Can a Wellesley Bankruptcy Lawyer determine if I qualify for Bankruptcy?
While you may have heard rumors thatBankruptcy rules transformed in 2005, which now makes it more difficult to file for Bankruptcy. While the Liquidation bankruptcy rules did adjust, most individuals 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. 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
