Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

7 Best Lynn Bankruptcy Attorneys

Coleman & Macdonald Law Office

325 Central Street, Saugus, MA 01906

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Debt Settlement

Coleman & MacDonald Law Office handles consumer bankruptcy cases for clients in Lynn. Managed by Paul J. Coleman and Donald J. MacDonald, the firm offers liquidation and personal reorganization bankruptcy. The firm represents both individuals and families, who are provided with counsel and assessment by bankruptcy lawyers to help them better determine the most suitable options. The firm also helps protect their clients from creditor harassment, foreclosure, and repossession. Coleman & MacDonald Law Office also handles estate planning, real estate, personal injury, and patent and trademarks.

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Daniel Gindes Trial Lawyer

16 Front St, Salem, MA 01970

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Daniel Gindes, Trial Lawyer, is a general litigation attorney who has been serving the people of Lynn for over 30 years. The attorney helps individuals who are filing for Chapters 7 and 13 bankruptcy by getting eligible loans dismissed, liquidating their assets to pay overdue debts, and restructuring loans to make them easier to pay. He has additional experience filing bankruptcy for businesses. Gindes also takes cases involving criminal defense and personal injury.

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Konstantilakis Law PC

8 Essex Center Drive, Peabody, MA 01960

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Konstantilakis Law PC is a civil litigation law firm that has been serving the residents of Lynn since 2006. One of the firm's primary areas of practice is bankruptcy law, and its team offers legal counsel and representation to those who are filing for either Chapter 7 or 13 bankruptcy. The team works to stop creditor harassment, foreclosure, and repossession. The firm's founding attorney is a member of the National Association of Consumer Bankruptcy Attorneys.

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Law Office of Matthew J. Martin

491 Maple Street, Danvers, MA 01923

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

The Law Office of Matthew J. Martin aims to help individuals, families, and businesses manage their financial difficulties. Its founder, bankruptcy attorney Matthew J. Martin, is licensed to practice law in New Hampshire, Maine, and Massachusetts. Martin has the necessary legal skills to help clients avoid foreclosures and repossessions by filing a chapter 7 or 13 bankruptcy. He can also represent those who have been involved in lawsuits because of overwhelming debt. The Law Office of Matthew J. Martin also handles family law matters.

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Simon Law

7 Franklin Street, Lynn, MA 01902

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Simon Law is a civil practice law firm serving the residents of Lynn and the surrounding cities. The firm offers legal counsel and representation to those who are filing for Chapter 7 bankruptcy, and its team helps the client reduce their debts and liquidate available assets to pay off the remainder. It has additional experience with Chapter 13 cases. Founding attorney Jacob Simon was listed in the United States Bankruptcy Court's Pro Bono Honor Roll in 2013 and 2014.

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The Law Office of Trista R. Christensen

50 Grove Street, Salem, MA 01970

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

The Law Office of Trista R. Christensen is a civil practice law firm serving the community of Lynn. The firm's founder, Trista Christensen, has been a practicing attorney for over 20 years, and she takes personal bankruptcy cases involving Chapters 7 and 13. She works to stop banks from foreclosing on clients' homes and repossessing their vehicles. Christensen also takes cases in the areas of estate planning and family law.

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Zaheer Law Group

40 Salem Street, Lynnfield, MA 01940

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Chapter 7 Bankruptcy
Debt Settlement

A full-service law firm, Zaheer Law Group, PLLC, serves clients in Lynn and helps them with various legal matters including bankruptcy. The firm specifically focuses on chapter 7 or liquidation bankruptcy for individual clients. It offers in-person consultations with its bankruptcy lawyer to help people better understand the process and make a more informed assessment on whether bankruptcy is the right solution for them. Its bankruptcy lawyer also helps identify if the client is eligible for chapter 7 bankruptcy or not.

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Best Bankruptcy Attorneys in Lynn

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Bankruptcy Attorneys FAQs

Coleman & Macdonald Law Office

Daniel Gindes Trial Lawyer

Konstantilakis Law PC

Law Office of Matthew J. Martin

Simon Law

The Law Office of Trista R. Christensen

Zaheer Law Group

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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