Massachusetts Chapter 7 Bankruptcy Lawyer

Filing For Chapter 7 Bankruptcy in Attleboro, Massachusetts

Chapter 7 bankruptcy is a common form of filing for bankruptcy protection used by many residents in Massachusetts.  The filing is done in a federal court and allows for liquidation of your debt.  This type of bankruptcy can only be used by those individuals who can pass a "means test", which is basically used to determine whether an individual has the means to pay for their debts or not.  Guidelines for income levels must be met when attempting this type of bankruptcy filing.  For legal assistance with this filing it is best to retain a Massachusetts bankruptcy attorney from the Law Office of Gail Balser to ensure it is done properly.  Incorrect filings can lead to delays, debts remaining outside of the bankruptcy and even legal trouble if any items were deliberately left out.

If you are eligible for this type of filing, this will allow you to have your debts discharged after applying any assets you have to repay existing creditors.  You are allowed to keep certain exempt property from being applied towards repayment of creditors, such as limited amounts of cash, savings, your personal vehicle, and others items.  All other assets will be sold or liquidated to repay creditors.  Many debts can discharged in this manner, including:

• Personal Loans
• Credit Card Bills
• Medical Bills,
• Utility Bills

Certain debts cannot be discharged through bankruptcy, regardless of whether you qualify for Chapter 7 filing or not.  These include:

• Child support
• Alimony payments
• Income Tax debt
• Property Taxes
• Most student loans
• Court-ordered fines or penalties

Once a Chapter 7 is filed on your behalf, a Trustee will work with you and your attorney to repay the creditors.  The process can take several months, but once completed, you will no longer owe any of the debt that was discharged.  You will be able to begin to regain control of your finances and can look forward to the future.

Attleboro Bankruptcy Lawyer Serving All of Massachusetts

With the help of a skilled bankruptcy lawyer, the best course of action for you to take will be determined through a thorough interview and review of your financial picture.  Attorney Gail Balser will take the time to personally go over the details with you to ensure you understand how the bankruptcy will impact your life.  Our office will take great care and dedication in making certain your bankruptcy process goes smoothly from beginning to end.