Lowell Chapter 7 Bankruptcy Lawyer

• Do you have large amounts of credit card debt, personal loans and other unsecured debt?
• Are you struggling to bring in enough income to live, let alone pay your bills?
• Do you want to rid yourself of most of your debt?

If you are an individual deep in debt, and you are looking for a way to obtain a fresh start, Chapter 7 Bankruptcy may be right for you.

Responsive and Cost-Effective Legal Services
Call (978) 735-2913, today for a free initial consultation.

At the Oberhauser Law Office, in Lowell, Massachusetts, we help people file for bankruptcy relief. When you come to us for debt relief assistance, we listen to your concerns and review your financial situation to help determine if bankruptcy is the best option for you. If it is, we will assist you during the bankruptcy, from the initial filing and the 341 hearing to the final discharge of your debts.

Chapter 7 Bankruptcy Process

Under Chapter 7 bankruptcy, a trustee is appointed to supervise a debtor's Chapter 7 bankruptcy — unsecured debt, such as credit cards, cable and telephone bills and personal loans are discharged and the debtor is given a fresh start. Chapter 7 is often referred to as "no asset" because the debtor does not own a home or any valuable property. Unlike in Chapter 13 Bankruptcy, a debtor does not make payments to a trustee, but rather the debt is discharged upon the completion of the bankruptcy.

Filing bankruptcy cannot discharge all debts; items that cannot be discharged include:

• Child support and spousal support
• Secured debt (house and car payments)
• Fines owed to government agencies
• Student loans
• Taxes
• Debts obtained through criminal activity
• Association dues
• Personal injury settlements

Qualifying for Chapter 7

In 2005, changes were made to federal bankruptcy laws, making it more difficult for individuals to qualify for Chapter 7 bankruptcy. Despite these changes, many people still can file, so long as their income is below the median income for their state. Please see the Massachusetts median income table to see if you are in this category. For additional information, contact an experienced bankruptcy attorney.

Contact Us

Are you looking for quality and affordable bankruptcy service? At the Oberhauser Law Office, we help clients obtain the debt relief they need for a fresh start in life. Contact an attorney today for a free initial consultation.