Medical debt is one of the most common causative factors for modern bankruptcy. Needing cancer treatment, rehabilitative services after a stroke or trauma care after a car crash could completely overwhelm your budget. People all too often presume that those dealing...
People raised to be hardworking individuals may view bankruptcy as a blemish on their character. The idea that they have to get rid of debt instead of repaying it may seem irresponsible or somehow wrong. Some people hold off on filing bankruptcy far longer than they...
We live in a capitalist society that is centered around money, income, debt and consumerism. It’s easy to get so caught up in all of this that you forget about the big picture. This is why many people who are facing bankruptcy act as if it’s one of the worst things...
Many consumers who file for bankruptcy do so for a fresh start. They want nothing more than to wipe clear their debt, start at square one and hopefully make the most of their second chance. To get that, Chapter 7 bankruptcy is often their first choice. However,...
If you qualify for Chapter 7 bankruptcy, it probably means that your income is currently below the state median. You may also have only limited assets that you have to worry about protecting from the liquidation process. For many people in Massachusetts considering...
