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Personal Bankruptcy MA
In a bankruptcy, the debtor, the person who owes debts and is filling for bankruptcy, often has to surrender assets in order to satisfy the creditors who need to have their debts paid, at least in part under a bankruptcy proceeding. Secured Loans A car, like a house, is a “secured” piece of property.  Secured...
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In the United States, and in Massachusetts as well, the leading cause of personal bankruptcy is medical expenses.  The soaring cost of medical expenses and stagnant wages for many Americans and Massachusetts residents alike have contributed to a significant number of bankruptcies due to the inability to pay back massive medical bills.  It is estimated...
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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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If you are considering filing for personal bankruptcy in Massachusetts, it may be relevant whether or not your educational loans for college are forgiven in the bankruptcy. The U.S. Department of Education has strict legal requirements that a bankruptcy court must follow in order to forgive educational loans. Proving A Hardship to the Bankruptcy Court In...
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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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A divorce can be tricky enough on its own, but it can get very complicated when it is combined with bankruptcy. If you find yourself in this situation, make sure that you contact a bankruptcy attorney who can help you sort out all of the details. There are a number of important things to consider...
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You may have reached a point where bankruptcy is your only real option. You are trapped by debt and you need a way to get out from under it so that you can begin making forward progress once again; bankruptcy gives you a chance to start over, to start fresh. However, are you afraid that...
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Declaring bankruptcy can be a scary thing. The best thing you can do to take some of the fear out of this situation is to have a better understanding of what will happen with this process. One of the things you should know is what you can keep with bankruptcy. There are a few things...
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A Brockton bankruptcy attorney is often asked by a client if they will lose their house or car? Most of the time, the answer is no. Filing a Chapter 7 personal bankruptcy will allow you to discharge most of your debts, but not all of them. Under the Bankruptcy Act of 2005, certain debts can...
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Most people want to pay their bills but unforeseen situations can arise such as unemployment, divorce, health issues that create a financial hardship which makes paying the bills impossible. When a person gets over the fear of filing for bankruptcy they can embrace the positive elements and the fresh start it can bring. The positive...
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