Discharging your Debt in Worcester
Worcester Bankruptcy Lawyer
Are you heavily in debt? When you are unable to pay their bills due to the loss of a job, a divorce, excessive use of high interest credit cards or spending more than they earn, filing for bankruptcy may be the only legal remedy that will get you out of financial trouble. A Worcester bankruptcy attorney can determine if you qualify for bankruptcy by administering the Means Test. The results of the test will show whether or not you have disposable income to pay back creditors. If you do not have the financial resources to restructure your payment plans to creditors ( Chapter 13), you will be allowed to file for a Chapter 7 When a debt is discharged, you are no longer legally obligated to pay it. This can include debts such as credit card debts and personal loans. Certain debts cannot be discharged in a Chapter 7, such as:
- Alimony
- Child support
- Recent tax obligations
- Court-ordered fines
- Certain types of educational loans
- Debts not included in your bankruptcy petition
With the few exception listed above, all other debts will be discharged in bankruptcy.
A lawyer that specializes in bankruptcy can explain the laws pertaining to Chapter 7 bankruptcy and the debts that you will still be required to pay after your petition has been approved.
Discharging Debts in Chapter 7
Law Office of Robert W. Kovacs, JR. is an experienced bankruptcy law firm that provides insight into the bankruptcy process and can help determine your eligibility for Chapter 7. We have a comprehensive knowledge of bankruptcy statutes and can give you the legal support and guidance you will need when filing a petition.
Contact a Worcester bankruptcy attorney for legal advice and representation if you are considering filing for bankruptcy.