Are you only able to pay the minimum payments on your credit cards?

If you are eligible for Chapter 7 bankruptcy you may be able to discharge or terminate these debts, without paying any money back. If not, Chapter 13 bankruptcy permits you to enter into a payment plan and stop the accrual of interest and penalties.

Has your car been repossessed?

You may owe money to the bank or leasing company, and may be subject to a lawsuit and/or wage garnishment. Bankruptcy protects you, and you may even be able to get your car back and seek a loan modification.

Has your bank or mortgage company threatened you with foreclosure?

Bankruptcy temporarily stops the foreclosure process and may provide you with additional time to negotiate a loan modification or in some limited circumstances get rid of a home equity line of credit.

Are you being threatened or sued by a creditor for failure to pay?

Depending on your income and expenses, bankruptcy may eliminate or reduce the amount of money you owe.

Do you owe back taxes? 

Before discussing a payment plan with Internal Revenue Service you should find out if the taxes you owe can be discharged through bankruptcy.

Are you living paycheck to paycheck due to overspending and credit card debt?

It may take many years to pay off all of your debts. Depending on your income, bankruptcy may provide you with a clean slate or the ability to consolidate your debts without paying interest and penalties.

Are you the owner of a struggling business that may be forced to close soon?

There is no need to dip further into savings. Being proactive with bankruptcy will protect personal assets such as your home, car, and retirement accounts from creditors.

Taking the First Step

If you wish to explore filing for bankruptcy in Massachusetts, please contact the Law Offices of James Benjamin at 617-431-8071, or visit www.jbenjaminlaw.com/bankruptcy to learn if bankruptcy is right for you.

WARNING: THIS POST IS AN ADVERTISEMENT FOR THE LAW OFFICES OF JAMES BENJAMIN. THE INFORMATION CONTAINED HEREIN DOES NOT CREATE AN ATTORNEY CLIENT RELATIONSHIP AND SHOULD NOT BE RELIED ON AS FORMAL LEGAL ADVICE.

DEBT RELIEF AGENCY – THE LAW OFFICES OF JAMES BENJAMIN IS A FEDERALLY RECOGNIZED DEBT RELIEF AGENCY THAT OFFERS LEGAL REPRESENTATION UNDER THE UNITED STATES BANKRUPTCY CODE.

The Executive Office of the Trial Court of Massachusetts located in Boston, Massachusetts, is responsible for creating child support guidelines and worksheets for calculating child support payments in paternity, divorce, and other family law cases. New guidelines will be going into effect on June 15, 2018. These amended child support guidelines do not reflect a change in the Massachusetts child support law as written. The child support guidelines continue to presume that children have a primary residence with one parent and spend approximately one-third of the time with the other parent. The amendments represent a change in the presumptive or default calculations of the amount of child support to be ordered by the Massachusetts Probate and Family Courts. Judges have the discretion to order more or less than these amounts based on the specific facts of the case. Otherwise, the Probate and Family Courts must order the amounts set forth in the guidelines and accompanying worksheets, unless the parties agree otherwise.

On September 15, 2017, child support guidelines were issued that created changes factoring in college aged dependent children. The 2017 child support guidelines created a small presumptive decrease for financially dependent children attending college or university who were over the age of 18 and under the age of 23. Additionally, presumptive calculations based on parenting time were removed from the child support worksheets.

Prior to these changes in 2017, the Massachusetts child support guidelines were last changed as of August 1, 2013. These guidelines included a presumptive reduction of child support based on parenting schedules that were more than one-third but less than one half of the time for the parent who is not the residential parent, or a nearly fifty-fifty or equal parenting schedule.

Effective June 15, 2018, new Massachusetts child support guidelines and worksheets will go into effect that retain the consideration of college aged-children and again consider parenting time or the parenting schedule. The worksheets will again consider parenting schedules with equal or close to equal parenting time. The worksheets also create a presumptive calculation for when there is more than one child covered by the child support order, and each parent provides a primary residence for at least one child. This covers instances where children of the same parents do not share the same parenting arrangement or schedule. Unfortunately, this update does not take into account the changes in Federal tax law resulting from the Tax Cuts and Jobs Act of 2017.

Whenever the child support guidelines are amended, there may be a basis for reducing or increasing a child support order. One of the grounds for filings a Complaint for Modification of child support is that there is now a difference between the amount of the existing child support order and the amount that would result from application of the current child support guidelines.

If you are a party to a child support order by a Massachusetts Court and wish to discuss the potential increase or reduction of your child support payment, please call me at 617-431-8071 to schedule a consultation.

Additionally, for more information please visit:

https://www.mass.gov/info-details/child-support-guidelines#2018-guidelines,-forms,-and-information-