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...
Bankruptcy
Medical debts are typically eligible to be discharged
On Behalf of Fein Law Office | Apr 7, 2022 | Bankruptcy
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...
Pros and cons of hiring a bankruptcy attorney
On Behalf of Fein Law Office | Jan 12, 2022 | Bankruptcy
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."...
Overview of Chapter 7 bankruptcy
On Behalf of Fein Law Office | Nov 4, 2021 | Bankruptcy
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...
How might Massachusetts debtors see value in bankruptcy?
On Behalf of Fein Law Office | Jul 6, 2021 | Bankruptcy
No one wants to feel their friends or family look down upon them. However, someone dealing with financial troubles and incredible amounts of debt might worry about people's opinions. Some may think about filing for bankruptcy, but they do not want people to see them...
Qualifications for Chapter 7 and Chapter 13 bankruptcy
On Behalf of Fein Law Office | Jun 18, 2021 | Bankruptcy
Bankruptcy allows debtors in Braintree, Massachusetts, to get relief when they see no way of paying their debts. Common reasons to file for bankruptcy include unexpected medical debt, divorce and job loss. However, bankruptcy has undergone changes to avoid abuse of...
Why do people fear bankruptcy?
On Behalf of Fein Law Office | Feb 16, 2021 | Bankruptcy
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
On Behalf of Fein Law Office | Nov 25, 2020 | Bankruptcy
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
On Behalf of Fein Law Office | Oct 16, 2020 | Bankruptcy
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?
On Behalf of Fein Law Office | Aug 20, 2020 | Bankruptcy
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,...
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