Bankruptcy

Most people assume bankruptcy will ruin their credit score. They are correct to a degree, but there’s far more to it than that. What many do not realize is that bankruptcy can be the fastest way to an improved credit score. When you default on your debts, it harms...

If you need to catch up on paying your bills in Massachusetts, a debt relief program may help. These programs are designed so that you save money in an escrow account. Then, once you have reached the minimum amount, workers with the program try to negotiate a smaller...

When filing for Chapter 7 bankruptcy in Massachusetts, the court will explore all possible avenues to repay your creditors before discharging the remaining debt. This will include ordering the bankruptcy trustee to sell any non-exempt assets you own. Understanding...

If you fail to make a payment on your Massachusetts home, there is a chance that you'll be subject to foreclosure. This means that the lender will repossess your property in an effort to recoup its losses. Fortunately, there are many strategies that you may be able to...

Filing for bankruptcy may provide you with a variety of benefits such as an automatic stay against creditor collection activities. However, many still believe that taking such a step means that you are careless with money or that you will lose all of your possessions....

Not everyone understands what bankruptcy involves, which could be troubling for a person struggling with heavy debt. Bankruptcy laws exist to protect people from aggressive collection actions while allowing them a legal option to address an untenable debt situation....

Filing for bankruptcy is something that some Massachusetts residents might want to do if they’re heavily in debt. If you choose to file, you might have to first take the means test. It’s important to know what this is and how it works. What is the means test? The...

If you visit a Massachusetts hospital or other medical facility, you will likely have to pay a portion of the cost of any services rendered. If you cannot pay an outstanding medical bill, it may be possible to eliminate it by filing for bankruptcy. Medical bills are...

Massachusetts residents with overwhelming debt might consider filing for bankruptcy. Hiring an attorney to help is often wise. Should you file bankruptcy on your own? Many people find it tempting to file for bankruptcy on their own, which is known as "pro se."...

Sometimes, a situation occurs beyond the consumer's control, and they can no longer pay their debts. A consumer overwhelmed with debt in Braintree, Massachusetts, can legally get debts discharged through bankruptcy. There are several types of bankruptcy, but many...