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Bankruptcy
Filing a bankruptcy will immediately stop tax collections against the individual who files bankruptcy.  In a Chapter 13 bankruptcy an individual can force the IRS or Massachusetts DOR to accept payments for delinquent tax obligations over a period of up to 5 years.  In some instances past due tax obligations can even be entirely wiped...
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No one likes to think about hiring a lawyer, but in some cases it is necessary. There are a number of services that attorneys provide, and one of the most important is representing people in their bankruptcy cases. Choosing an attorney can be a difficult task, especially if you have never had to retain one...
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Filing for bankruptcy can be a stressful and frustrating event on one hand but on the other it can help to give you a brand new start and erase the debts that are overwhelming you and your family. This is not something that you can or should do on your own due to the process,...
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Going through bankruptcy is a painful and difficult process. This is not a procedure you can take care of by yourself so it is important to hire the best local bankruptcy attorney in your area. These firms handle multiple types of bankruptcies on a regular basis and understand exactly how to walk you through the...
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The Federal Bankruptcy Code guides debtors (those who owe debt) and their relationship with creditors (those who lent the money through credit).  When someone states that a case is in a certain “chapter,” that means that the debtor has filed a case under a certain part of the bankruptcy code.  Each section of the code,...
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Personal bankruptcies vary significantly from case to case depending on the specific circumstances of each person’s finances. The various personal matters such as whether the debtor (the person in debt who files for bankruptcy) is employed or not, the amount of debt to income or assets, as well as the amount of secured debt (such...
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A Massachusetts bankruptcy case is a complex legal litigation matter. As such, there are often many different people involved beyond just the debtor (the person that owes money, and is seeking bankruptcy). Creditors in Bankruptcy   Creditors are the lenders, individuals or companies that are owed money by the debtor. These debts can be for...
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  Financial troubles are a leading cause of marital discord for couples in Massachusetts. If you and your spouse are considering divorce, you might be dealing with a messy debt situation. If so, you may need to reach out to an experienced Massachusetts Bankruptcy Attorney who can help you figure out your rights and responsibilities...
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Most people assume bankruptcy is something a person does when he or she has no more money. If you cannot afford to pay your bills, bankruptcy makes it possible to not pay them or it gives you longer to pay without financial penalty. This is true, but bankruptcy cannot be filed for free. It actually...
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Most people assume that filing bankruptcy ends any hope you have of a financial future. It affects the jobs you can have, the places you can live, and ultimately, what you can achieve in life. It is true bankruptcy does have a profound effect on your future, but it might not be as bad as...
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