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Is Bankruptcy the Solution?
The Bankruptcy Act was enacted to offer consumers a new financial start.
For example, in a Chapter 7 Bankruptcy, debts are discharged in
exchange for giving up property; however, in most consumer cases,
all property is exempt. Unsecured debts, with the exception of
income taxes and student loans, are generally discharged.
Secured debts can also be discharged, but the creditor will likely
be able to repossess the collateral (for example, a house or a car).
In most cases, the only way to retain the collateral is to continue
to pay the debt.
A bankruptcy filing will remain on your credit report for at least
ten years, but it will likely be easier to rebuild your credit when
you have no debt and are now able to pay your bills.
Read more at Bankruptcy Overview.
To find out whether you qualify to file, contact us.
The services provided by Healey, Deshaies, Gagliardi & Woelfel, P.C.,
occasionally include representing consumer debtors under Title 11
of the United States Bankruptcy Code. The firm has been categorized
as a debt relief agency under the applicable statutes.
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Press Release - 10/1/09
We are pleased to announce that Michael A. Tucker, of Amesbury,
Massachusetts, has become associated with the firm. Tucker is a graduate
of Gordon College in Wenham, Massachusetts, and New England School of
Law in Boston. He is admitted to the Massachusetts Bar, the U.S.
District Court for the District of Massachusetts, the U.S. First Circuit
Court of Appeals, and the U.S. Supreme Court. He has been in the
private practice of law since 1991. Tucker is experienced in and
primarily focuses on civil and criminal litigation. He regularly
represents corporations, both for profit and nonprofit, and provides
estate planning services.
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