Top Springfield, MA Chapter 7 Business Bankruptcy Lawyers Near You
33 State Street, Springfield, MA 01103
1500 Main Street, Suite 2700, Springfield, MA 01103
1441 Main St, Siote 601, Springfield, MA 01103
1441 Main Street, Suite 610, Springfield, MA 01103
1441 Main Street, Suite 1100, Springfield, MA 01103
46 Center Square, East Longmeadow, MA 01028
265 State Street, Springfield, MA 01103
1391 Main Street, Suite 201, Springfield, MA 01103
36 Service Center Rd, PO Box 1237, Northampton, MA 01060
98 Lower Westfield Rd, Suite 101, Holyoke, MA 01040
PO Box 148, Agawam, MA 01001
71 Park Avenue, Suite C, West Springfield, MA 01089
1500 Main Street, Tower Square, Suite 1600, Springfield, MA 01115
1380 Main Street, 5th Floor, Springfield, MA 01103
One Monarch Place, Suite 1360, Springfield, MA 01144
16 South Boulevard, West Springfield, MA 01089
1350 Main Street, Suite 214, Springfield, MA 01103
355 Bridge Street, Suite 4B, Northampton, MA 01060
Springfield Chapter 7 Business Bankruptcy Information
Lead Counsel Verified Attorneys in Springfield
Lead Counsel independently verifies Chapter 7 Business Bankruptcy attorneys in Springfield and checks their standing with Massachusetts bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.