In a study undertaken by the Boston Federal Reserve Bank regarding wealth and race, some unfortunate results were uncovered. White households have significantly more wealth as measured by home equity, retirement accounts, and other such standard measures of wealth. For example, over 56% of while households have retirement accounts while only 21.2% of black families in Boston have such accounts; even fewer Boston Dominican families have retirement accounts, at 7.5%. Read more
Many folks call us and ask if they can keep their tax refund and still file for bankruptcy protection. The short answer for many people is yes. Of course, the real answer is that you should meet with an experienced Massachusetts bankruptcy attorney before trying to undertake your own bankruptcy planning.