The coronavirus outbreak that has hit the globe has had tragic effects on individuals, families, and businesses worldwide. Indeed, many have suffered pangs of loneliness in an effort to social distance; others have contracted the disease, COVID-19, themselves–in some cases, this has resulted in death; others have lost loved ones; and many have lost jobs or have suffered financial hardship. In response to the latter, the Massachusetts Attorney General’s Office has recently issued emergency regulations pertaining to debt collection rules during the pandemic. Here’s what you should know–
Facing large amounts of debt can be a terrifying experience, leading to worries about being evicted or losing one’s home, having assets seized or wages garnished, or even facing litigation as a result of outstanding debt. At the law offices of Deborah Gold-Alexander Attorney at Law, we understand how stressful living with large amounts of debt is, and we want to help. If you have been thinking about filing for bankruptcy in our state, it’s important that you understand the pros and cons of filing for bankruptcy in Massachusetts. Consider the following information, and call our lawyer for more details that are specific to your case–
As the old adage goes, two things are certain in life: death and taxes. If you’re filing for bankruptcy, though, you may have questions about whether or not you’ll need to pay taxes, as well as whether your bankruptcy filing will clear your tax debt. At the office of Deborah Gold-Alexander Attorney at Law, we have answers. To learn more, call our Massachusetts bankruptcy lawyer directly today.
When a person is struggling with large amounts of debt and facing the prospect of filing for bankruptcy, one of their biggest fears may be losing their home. Indeed, debtors who own their homes are often behind on their mortgage payments and are worried about foreclosure, and even those who own their homes outright may worry that selling their home is the only way they’ll have the cash to pay creditors. While losing your home is a possibility during bankruptcy, there is protection via the Massachusetts Homestead Act. To learn more about the Homestead Act in Massachusetts and for help with your bankruptcy case, call Deborah Gold-Alexander Attorney at Law today.
Facing large amounts of financial debt can lead to a constant feeling of stress, worry, and anxiety about the future. If your debt is starting to feel crushing and you’re not sure what your options are, filing for bankruptcy may be something worth considering. Of course, bankruptcy has a number of consequences that should be fully considered–and discussed with a lawyer–too, such as a hit to your credit score. That being said, when you’ve exhausted all other strategies, filing for bankruptcy may be the best one. Here are four signs it’s time to start thinking seriously about filing for bankruptcy–