It can happen fast and it can happen to anyone. First, you miss a payment or two. Then the next month, a couple more. Before you know it, you have debt adding up quickly that’s weighing you down. And just when you think it can’t get any worse, the collection calls,...
The tax debts that are most likely to be dischargeable are older federal or state income taxes. People often summarize the federal rules with the “3-2-240” timing test: the return was due at least three years ago, the return was filed at least two years ago, and the...
Bankruptcy filings are on the rise in the United States. And for every person who starts the process, there are a handful of others who are scared to make the same decision. The problem? The longer you go without acting, the worse your financial situation is going to...
When individuals in Massachusetts find themselves overwhelmed by debt, bankruptcy can offer a chance to reset their financial lives. But before anyone can file for Chapter 7 bankruptcy, the type that eliminates most unsecured debts – they must pass something...
One of the most distressing consequences of unpaid debt is wage garnishment — when a portion of your paycheck is withheld before you even see it. But there is good news. Filing for bankruptcy can provide immediate and powerful relief from garnishment, lawsuits, and...
The term “bankruptcy” often gets a bad rap, but it is simply a legal tool that helps those in debt gain a fresh start. For those who are juggling bills, dodging collectors, and feel like they are drowning in debt they can’t pay, filing for bankruptcy can provide a way...
