CALL US TODAY
978-494-6669
Many people delay asking about bankruptcy because they assume their income is too high. They may have a steady paycheck, a spouse who works or a household income that looks comfortable on paper. At the same time, credit cards, medical bills, personal loans or missed...
A Chapter 7 bankruptcy is also known as a liquidation bankruptcy. People may need to liquidate some of their property before the courts will grant them a discharge of the remaining amount they owe. The law allows for certain exemptions that protect assets from forced...
Debt problems do not begin with the intention of filing for bankruptcy. However, when your bills grow faster than your ability to pay, Chapter 7 bankruptcy can become a path toward relief. Chapter 7 bankruptcy is a legal process that allows you to erase common debts,...
If you are filing for Chapter 7 for the first time, you may have some questions about the process. Particularly, you might be wondering which debts can be discharged. This post covers your concerns and the additional protections Massachusetts can provide. Which...
Facing overwhelming debt can feel exhausting and isolating. When bills continue to pile up, and income no longer covers basic obligations, many people look for a way to reset their finances and regain control of their future. Chapter 7 bankruptcy is one option...
Chapter 7 bankruptcy is a relatively rapid process. People can stop collection activity quickly and may be able to discharge eligible debts in a handful of months. Chapter 7 proceedings are subject to strict oversight, including rules that require a filer to pass a...
Chapter 13 bankruptcy requires years of commitment to a payment plan. It is a much longer process than Chapter 7 bankruptcy. Each person contemplating bankruptcy has unique circumstances that influence the best approach to the process. There are numerous circumstances...
When people file for bankruptcy, their credit circumstances shift abruptly. They have immediate protection from ongoing collection activity, but they also lose access to their revolving lines of credit. The record of their bankruptcy may affect their credit...
When filing for a Chapter 7 bankruptcy, certain assets will be categorized as exempt from seizure by the courts to pay off any claims by creditors. However, some assets might be declared nonexempt. If so, you might wonder which of your assets would be nonexempt and...
When you file for bankruptcy, there are a few different types that you can choose from. But it may not all be a choice. In some cases, you will qualify for one type of bankruptcy—such as Chapter 7—while not qualifying for another type, such as Chapter 13. To make this...