Do I have to list all of my debts when filing for Chapter 7 Bankruptcy?

Yes, when filing for Chapter 7 Bankruptcy in Massachusetts, it is necessary to list all of your debts. This includes secured debts, such as mortgages or car loans, as well as unsecured debts, such as credit cards or medical bills. You are also required to list any assets or property that you own, as well as list any family members who are liable for any of your debts. In addition, you will need to provide information about your income, such as pay stubs or tax returns. This information is used to calculate the amount of money you are able to pay towards your debt each month. Filing for Chapter 7 Bankruptcy can be a difficult decision, and the laws in Massachusetts are designed to make sure that all of your debts and assets are clearly outlined and reported accurately. By doing so, you are taking the first step to get a fresh start and regaining control of your finances.

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