Simply put, when your monthly debt, including living expenses, loans, car payments, medical bills and credit cards are more than your income can support. Other possible reasons for filing are to avoid a foreclosure on your home mortgage, repossession of a vehicle, or shut off of utilities. Legal action such as attachment of your wages by a creditor seeking to collect a debt can also indicate need for a bankruptcy filing, even if the total amount of debt is low.
Get the facts. Contact the Massachusetts bankruptcy attorneys at Nashawaty & Rand today.
The Massachusetts bankruptcy attorneys at Nashawaty & Rand serve clients throughout the Greater Boston Massachusetts region including Abington, Avon, Boston, Braintree, Brockton, Bridgewater, Canton, Dedham, Dover, Easton, Hanover, Hingham, Hollbrook, Marshfield, Medfield, Milton, Norwell, Norwood, Quincy, Randolph, Rockland, Sharon, Stoughton, Walpole, Westwood, Weymouth, Whitman, Massachusetts.