Yes. Debtors can file a motion at the time they file their Bankruptcy Petition and Schedules, to waive the filing fee. The Court will review the Motion to Waive Filing Fees and respond with their opinion in a timely basis.
Read MoreIt is axiomatic that any and all information requested by the United States Bankruptcy Court on the Chapter 7 Petition be complete, accurate and up to date. Folks filing for bankruptcy protection are given a discharge based on that truthful information. Therefore, if material information is not disclosed, the debtor can be subjected to significant penalties.
Read MoreOnce you decide to file for bankruptcy, you can stop paying your creditors. However, this general rule only applies to debts that you can legitimately discharge in bankruptcy. Thus, you can stop paying your credit card bills, but not the mortgage on the home you intend to live in, the car you intend to keep, and student loans.
Read MoreThe Massachusetts bankruptcy law now allows personal residences held in a trust to be protected under the Massachusetts Homestead statute. It is important to note that the law gives $125,000 in protection to all residents, with or without filing a Homestead in the Registry of Deeds. The law gives $500,000 in protection to properly filed Homesteads. This 2011 law, as it affects trusts, is now being reviewed and challenged in various ways.
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