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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...
The title records for real property validate ownership. The people who have inherited or purchased the property have their names on the title records for the property. County title records also record easements held by outside parties, such as utility companies. Title...
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...
Businesses use contracts as the backbone of mutual transactions. These agreements have specific terms that govern various aspects of the deal. If either party doesn’t meet the terms they agreed to as part of the agreement, the contract is breached. A breach of...
A Chapter 13 bankruptcy plan is a contract with the court and your creditors, designed around your specific financial picture at the time of filing. When that picture changes, whether for the better or worse, the established repayment terms may no longer be accurate....
It is quite possible that bankruptcy filings will increase in the next few months or years. When the economy struggles, there is often an increase in consumer bankruptcies. Things get more expensive, and people cannot afford the debt that they have. Workers may...
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...
Contracts are the lifeblood of businesses, as they control working relationships. Companies often negotiate contracts with parties ranging from staff members and suppliers to clients or customers. Disputes about contracts are relatively common in the business world....
Making the decision to file for bankruptcy usually occurs after you realize that you simply can’t keep making payments on your regular bills and your credit accounts. This is a major decision that often introduces many questions. One of those questions might be what’s...