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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...
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...
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...
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...
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...
Tortious interference happens when someone deliberately harms a business relationship or contract between other parties. It often involves one company trying to disrupt a deal, contract, or ongoing business arrangement for its own gain. This kind of interference can...
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...
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...
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...