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According to statistics from the U.S. Bankruptcy Courts, approximately 1.5 million Americans file for personal bankruptcy. For individuals with crippling debt, bankruptcy is their best chance at getting creditors off their back and get a second chance at their finances.
Debt is tricky. You can be penalized for not having any debt with a poor credit score, but carrying too much debt can leave a person with out-of-control debt. Debt can be overwhelming, and if you are struggling to pay them off, USAttorneys recommends you consult with an accident lawyer in Massachusetts. We have experienced and dedicated bankruptcy lawyers to assist with your case.
The Top Six Causes of Debt in U.S.:
Above is just a list of common reasons a person can find themselves deeply in debt, but there are plenty of other reasons you’ve found yourself in debt. USAttorneys.com
Debts that cannot be discharged in bankruptcy include:
The State of Massachusetts requires you attend a credit counseling course at least six months before filing for bankruptcy. To find a counseling service near you visit the United States Bankruptcy Court District of Massachusetts website.
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