Most people file for bankruptcy because they ultimately have no other choice-they have a mountain of credit card debt, they have missed too many mortgage payments, or they are facing foreclosure. The only way to stop a foreclosure from moving forward and the only way to eliminate credit card debt is by filing for bankruptcy.
While many are concerned about the negative impact of bankruptcy on their credit score, most people who need to file for bankruptcy already have poor credit, and bankruptcy will actually give them a fresh start for rebuilding good credit. There are also positive consequences associated with filing for bankruptcy.
While many are concerned about the negative impact of bankruptcy on their credit score, most people who need to file for bankruptcy already have poor credit, and bankruptcy will actually give them a fresh start for rebuilding good credit. There are also positive consequences associated with filing for bankruptcy.
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About Attorney
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The first time we met, I called him Mr. Levine. He immediately responded by telling me that Mr. Levine was his father, please call me 'Barry.' We hit it off immediately. He is unlike any other lawyer I've ever worked with. Practical. Responsive. Creative. Funny. Entertaining. He gets the job done! Barry's tag line says it all: Providing clear solutions for your financial confusion for over 38 years.
Personal Bankruptcy
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How many different chapters of bankruptcy are available in Massachusetts and how do I know which one to file?. There are four types, known as chapters, of bankruptcy. They all have the same goal: relieving troublesome debt for individuals and businesses that have become overwhelmed.
The number of options that are available for people and businesses who feel that they may need to file bankruptcy can be difficult to understand and should be thoroughly explained to you by your Beverly, MA bankruptcy lawyer.Chapter 7 Bankruptcy: debt liquidation bankruptcy. The most familiar type of bankruptcy, in a Chapter 7 you will be expected to give up all your property with the exception of specific exemptions.
The number of options that are available for people and businesses who feel that they may need to file bankruptcy can be difficult to understand and should be thoroughly explained to you by your Beverly, MA bankruptcy lawyer.Chapter 7 Bankruptcy: debt liquidation bankruptcy. The most familiar type of bankruptcy, in a Chapter 7 you will be expected to give up all your property with the exception of specific exemptions.
Tax Relief
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An offer in compromise is an option which allows you to settle your tax debt for less than the full balance. The IRS will consider your circumstances, including your ability to pay, your income, your expenses, and your asset equity. They will generally approve an offer in compromise if the amount offered aligns with the maximum they can expect to collect within any reasonable amount of time.
Foreclosure
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From what I know, they are starting up again. There's not much you can do aside from trying to cut a deal with the bank or file a bankruptcy if you have to. It depends on where the process is, if they are starting fresh, it can take some time. A foreclosure sale is not something that occurs immediately.
Testimonials
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The first time we met, I called him Mr. Levine. He immediately responded by telling me that Mr. Levine was his father, please call me 'Barry.' We hit it off immediately. He is unlike any other lawyer I've ever worked with. Practical. Responsive. Creative. Funny. Entertaining. He gets the job done! FB, Beverly.
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