Legal Question in Bankruptcy in Massachusetts

Bankrupcy

If someone makes 61,000 a year and has over 200,000 in pensions can they file for bankrupcy and get it? When they make enough and have enough assets to pay the credit cards that total about 18,000?


Asked on 3/16/09, 10:17 am

1 Answer from Attorneys
David Baker Law Office of David Baker

Re: Bankrupcy

Pensions usually are not considered "assets" in a bankruptcy case. It might be possible to file a bankruptcy case with $61,000 in income, but it might be necessary to file a chapter 13 case instead of a chapter 7. Visit my website for more information.

www.bostonbankruptcy.org

Best wishes,

David Baker

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Answered on 3/24/09, 10:29 pm


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