There Is No Shame and No Blame. Just a Fresh Start.
Chapter 7 bankruptcy is a helpful and comprehensive debt relief tool under the federal Bankruptcy Code. You file a bankruptcy petition that itemizes your assets, debts, expenses and income, attend a meeting with your Chapter 7 court-appointed trustee, and see if anyone objects to discharging any of your debts. If your creditors do not object, then you are on your way to finalizing your bankruptcy.
Don’t Let Your Debts Devastate Your Life.
At the law offices of Morrison Rousseau LLP, we are committed to navigating people through the bankruptcy process. Contact us to learn more about Chapter 7 bankruptcy or Chapter 13 bankruptcy and how we can help you. We have offices in Worcester, Springfield, Framingham, South Easton, Sturbridge, Massachusetts, and East Hartford, Connecticut.
Call 866.496.0337 or 508.471.3012 for debt relief.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is called a liquidation bankruptcy because it can eliminate (discharge) consumer debt like credit card debt or your medical debt. If you do not own a home or have little equity in your home, it may also be a good option. People must meet certain income criteria to qualify for a Chapter 7 bankruptcy. These criteria change periodically. To find out if you qualify, it is best to speak with an experienced bankruptcy attorney.
At Morrison Rousseau LLP, we understand that a comprehensive and current understanding of Chapter 7 bankruptcy or Chapter 13 bankruptcy laws is necessary to provide professional legal advice. We utilize our knowledge and experience and help you make sure that:
- All collection actions on the part of creditors must immediately stop
- Interest charges on credit cards freeze
- Foreclosure actions stop
Keep Your Home and Your Car
A primary concern for people filing for Chapter 7 bankruptcy, is that they may lose their home. You should know that under The Massachusetts Homestead Act you can keep your primary residence so long as you are current with you mortgage payments and can continue to pay the mortgage.
Another new federal bankruptcy requirement is that you must file any overdue tax returns within weeks of filing a Chapter 7 bankruptcy.
See What to Bring to Your First Meeting (PDF file).
Take Control of Your Financial Future Again
Contact us today to learn more about the role that bankruptcy can play in protecting you from creditors from an experienced bankruptcy lawyer. Call 866.496.0337 or 508.471.3012.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
