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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...
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...
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...
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...
Money issues are one of the biggest factors in marital problems and one of the most frequent contributing factors to the decision to divorce. Various studies have been carried out on these matters. Statistics that have emerged include 35% of couples blaming their...
A strong business partnership can fuel growth and success, but disputes between partners can be just as destructive as external challenges. Understanding common types of partnership disputes can help business owners address issues early and prevent long-term damage....
You’ve been considering filing for Chapter 7 bankruptcy. This would mean that you have to liquidate your non-exempt assets. The money that you make during this liquidation process can then be used to pay off a portion of your debt. Creditors will get something back,...
When you are considering bankruptcy to address insurmountable debt, it can feel like wading through a sea of misinformation. Myths abound—some as alarming as they are untrue. Below, we debunk four of the most prevalent myths about bankruptcy to help you better...
In the competitive world of business, disputes are almost inevitable. One conflict that often leads to heated litigation is tortious interference. This legal claim arises when a third party intentionally disrupts a business relationship or contractual agreement,...