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What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

Chapter 7 is also known as liquidation bankruptcy because in exchange for receiving a discharge of most kinds of debts, the debtor has to give up non-exempt assets. The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt Collection Laws: What Can Debt Collectors Do?

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Dealing with Debt Collectors

Debt Free Colorado

You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations. Repeatedly call you.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. In exchange of this discharge non-exempt assets are liquidated by a Chapter 7 trustee in order to pay creditors back something. What Do the Various Kinds of Bankruptcy Entail? What does each one mean?

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Domesticating and Enforcing Your Foreign Judgments With a Massachusetts Collections Attorney

Collections Law

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. If you are in another state or country and have obtained a judgment against a Massachusetts debtor, or if your debtor has assets in Massachusetts, we can help.