Social media has transformed how people communicate, share ideas and discover trends. While it has created opportunities for businesses and individuals alike, it has also become a driving force behind lifestyle choices that can lead to financial trouble. Many users...
Bankruptcy
How your child may be involved when declaring bankruptcy
When declaring bankruptcy, your child might be directly involved. Their belongings might be considered for the means test calculation. This is why it’s crucial to have an open discussion with your child when considering bankruptcy. Here is what to keep in mind: Your...
Is bankruptcy a foreclosure solution?
You and your family are facing foreclosure. You have missed multiple mortgage payments because you have an overwhelming amount of debt. These could include medical bills, student loans, car loans, credit card debt and much more. You cannot pay everything, so you have...
What are the rights of tenants if a landlord files bankruptcy?
If your landlord files for bankruptcy in Massachusetts, it's natural to question how that affects your lease and housing stability. Fortunately, the law provides meaningful protections to ensure tenants aren't left without options. Your rights as a tenant don’t vanish...
Will you lose the house during bankruptcy?
Filing for bankruptcy is a major decision. One of the biggest concerns for filers is whether they will lose their home. In Massachusetts, the answer depends on several factors, including the type of bankruptcy you file and the amount of equity you have in your...
4 things you need to consider before filing for bankruptcy
Filing for bankruptcy represents a significant financial decision that can provide relief from overwhelming debt but also carries long-term consequences for your financial future. While bankruptcy offers protection from creditors and potential debt elimination, it...
What is the difference between chapter 11 and 13?
Bankruptcy can be a vital lifeline for those struggling with overwhelming debt. When considering bankruptcy, understanding the differences between Chapter 11 and Chapter 13 can help individuals and businesses make informed decisions. Chapter 13: Reorganization for...
What is the benefit of Chapter 13 bankruptcy?
Chapter 13 bankruptcy operates a bit differently than Chapter 7. It’s designed for people who still have a stable income, so it’s often referred to as a wage earner’s plan. Under Chapter 13, you create a long-term repayment plan to address your debt, which may last...
Your first meeting with a bankruptcy attorney
Once you decide it is time to pursue bankruptcy, you want the experience to proceed smoothly and successfully. Contrary to popular belief, you play a critical role in how your bankruptcy unfolds. One way to get off to a good start is by speaking with a legal...
Can bankruptcy stop wage garnishment?
If you’re dealing with wage garnishment in Massachusetts, you probably feel like your paycheck disappears before you even see it. Bankruptcy may offer relief. It can stop most types of wage garnishment, giving you a chance to reset your finances. How the automatic...
