Many people in Massachusetts avoid filing for bankruptcy because they fear that it will ruin their lives. Due to popular misconceptions about bankruptcy, some people believe that they will lose all their property or never be able to take out a loan again. In fact,...
Financial struggles for many center around medical debt
Many in Massachusetts and across the country struggle with the expenses associated with necessary health care needs. Medical care is expensive, even for those who have insurance. Deductibles are high, and many things are not covered by insurance. A patient could go...
For many, medical debt remains a serious financial concern
In the midst of a global economic downturn and shutdowns in various parts of the United States, many are struggling with the loss of their jobs. In some situations, this means no health insurance, leading to many having to pay for any medical care they need out of...
Credit card debt is low, but what does it mean for consumers?
Due to current economic circumstances that are currently affecting Massachusetts consumers and those throughout the United States, many are choosing to spend less each month. Spending is down because many are struggling as a result of reduced income from job loss,...
Many Americans are struggling with consumer debt burdens
Massachusetts consumers are struggling under the current economic circumstances, and many have had to find ways to make ends meeting during these difficult times. One way that some have been doing this is by taking on additional debt. While this can provide a...
Is bankruptcy the right option for dealing with medical bills?
A grave illness or serious injury may require extensive time in the hospital and continued medical treatment. Even with health insurance, this can result in medical bills that a patient and his or her family may be unable to pay. Overwhelming medical debt is a problem...
Chapter 13 bankruptcy basics
Massachusetts residents who are in significant debt spend a lot of time looking at their debt relief options. The problem is there are a lot of options out there, but only so many actually produce positive results. Consumer bankruptcy is something many people want to...
Want to know if you qualify for Chapter 7 relief?
When struggling financially, it is normal to spend time looking at available debt relief options. What many Massachusetts residents may find, though, is not all debt relief options are created equal. Some may seem like a good idea but really are not, and others may...
A bankruptcy law attorney may help those being sued by creditors
Many Massachusetts residents are living with a great deal of debt. Some can get by making their minimum payments, while others lack the funds to pay their creditors anything. After a number of unsuccessful attempts to collect, creditors typically take one to court to...