Bankruptcy

If you have reached the point where you are considering filing for bankruptcy, you are likely feeling a range of emotions from guilt to shame to regret and more. Many people get put off from filing because of the thoughts running around their heads. Yet, if you think...

Bankruptcy is certainly a complex topic and can happen for numerous reasons. When you look at some of the top things that people cite while filing for bankruptcy, you’ll notice issues like credit card debt, medical debt, job loss and income reduction. One of these...

If getting a fresh financial start sounds like a dream for your insurmountable debt, chapter 7 bankruptcy could make it a reality. Qualifying typically means passing the bankruptcy means test. It determines if your income is low enough to file for chapter 7 and is one...

People who are in debt and unable to make their payments may start to look at what bills they can avoid paying. Once their financial situation hits that point, it might be time for them to consider other options. Some may opt to consider bankruptcy.  Consumers will...

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....