Bankruptcy

Medical debt can quickly become overwhelming, especially when unexpected illnesses or injuries occur. If you have large medical bills in Massachusetts, understanding your options is important.  Chapter 7 bankruptcy for debt relief Chapter 7 bankruptcy is one option...

People tend to focus on bankruptcy as a financial decision. Something that if done correctly, could help you go from a bad financial situation to a better one. While improving your financial situation is reason enough to file, you should also consider the benefits it...

Many people who consider filing for bankruptcy have no income. That may specifically be the reason why they’re considering bankruptcy in the first place. For instance, maybe they had a good job and were earning a high wage, so they took out loans or made purchases on...

Filing for bankruptcy often brings up concerns about personal property, especially something as important as a car. Many people worry that they might lose their vehicles, which could severely impact their daily lives. Knowing how bankruptcy laws protect cars can help...

When you file a personal bankruptcy, some of your assets are going to be exempt. But if you use Chapter 7, then you have to liquidate your non-exempt assets. For example, your main vehicle may be exempt because it is a necessary means of transportation, but a...

There has been a massive jump in credit card debt over the last three years. In 2021, this debt was right around $750 billion, when looking at the total debt for all Americans. But it skyrocketed and broke the $1 trillion mark in the final quarter of 2023. This was a...

If you’ve been reading up on bankruptcy as you consider whether this is the best choice for you, you’ve likely come across a lot of new and confusing terms. They may even sound like they mean the same thing when they don’t. Two words used frequently when discussing...

Massachusetts law allows debtors to claim exemptions for some of their assets. You may, for example, claim a homestead exemption to protect your primary residence if you file for Chapter 7 bankruptcy. The Secretary of the Commonwealth of Massachusetts website notes...

Individuals struggling with overwhelming debt may find Chapter 7 bankruptcy to be a viable option. However, it is important to note that the courts will not discharge all debts in bankruptcy. To consider bankruptcy as a debt relief option, understanding...

If you find yourself in debt, you will also likely find yourself dealing with debt collectors. In most cases, they will follow the Fair Debt Collection Practices Act (FDCPA) well. In other cases, though, they may attempt to say or do things to get their money faster,...