Owing money means you have debt. Most people have “acceptable “debt such as a home mortgage and or car loan. It’s a part of life for most Americans, its simply how we live and how we build credit. For many, however, managing debt is challenging. Losing financial...
In a Chapter 7 bankruptcy case in Massachusetts, you are afforded the opportunity to wipe out your debts and get a “Fresh Start”. Chapter 7 is often referred to as a liquidation where the trustee collects and sells your assets (except those which are not exempt)....
An individual who is unable to pay outstanding debt, can only obtain bankruptcy status by a state or federal court. Personal bankruptcy is often only considered as a last resort for individuals who are overwhelmed with debt obligations. For a good majority of people,...
Wage Garnishment is when a court issues an order requiring your employer to withhold a certain amount of your paycheck and send it directly to the person or institution to whom you owe money. This is done until your debt is paid off. When a portion of your paycheck is...
Thousands of people across the country are dealing with the stress of credit card debt, foreclosure and other financial burdens. It is a difficult situation to move forward from, especially when there are collection agencies harassing you over delinquent debt. If you...
