Bankruptcy in East Longmeadow, MA:
What You Need to Know
Bankruptcy Lawyer in East Longmeadow: What You Need to Know
Schedule An Appointment | Bankruptcy Law Firm in Hampden County, MA. Call our East Longmeadow, MA bankruptcy lawyers near you. See if filing for bankruptcy is the right option for your situation. At Coleman & MacDonald, our bankruptcy attorneys provides clear advice, works to stop creditor calls and guides you through bankruptcy so you can achieve a fresh financial start while protecting critical assets. Filing for bankruptcy can bring a sense of relief if you’re overwhelmed by debt—ending wage garnishments, lawsuits, and other creditor actions.
Donald J. MacDonald, Esq. Partner
(781) 654-5050
don@colemanmacdonald.com
East Longmeadow Bankruptcy Attorneys near you
Bankruptcy can also help you wipe out certain debts and allow you to keep valuable property, like your home or car, though some debts cannot be erased. It’s important to keep in mind that filing for bankruptcy will impact your credit score, but we’re here to guide you through this process. To file for bankruptcy in Hampden County, Massachusetts, you will go through the United States Bankruptcy Court for the District of Massachusetts bankruptcy court (.gov) typically at the Springfield location. You are also required to notify the Massachusetts Department of Revenue (DOR) about your bankruptcy filing.
Key aspects of filing bankruptcy in Hampden County:Things to Think About:
- Eligibility: See if you qualify for Chapter 7 or Chapter 13 bankruptcy.
- Which Debts Can Be Erased: Bankruptcy can help get rid of debts like credit cards, medical bills, and personal loans. But some debts, such as student loans, child support, and certain taxes, usually cannot be erased.
- Property You Can Keep: In Massachusetts, some of your belongings are protected, so you may not lose everything if you file for bankruptcy.
- Filing Fees: There are fees to file for bankruptcy, but you might be able to pay this over time.
- Credit Counseling: Before you file, you have to take a class called credit counseling. This helps you understand your options and learn about handling money during bankruptcy.
- Type of Bankruptcy: Chapter 7 means liquidating some assets; this is a quicker process that may be suitable if you have little or no disposable income. Chapter 13, on the other hand, sets up a repayment plan; this may be a better option if you have a regular income and want to keep your property. FAQs for Public | District of Massachusetts
- Alternatives: Consider options like debt negotiation or consolidation before filing for bankruptcy.
- Tax Debt: Some tax debts may not be cleared through bankruptcy.
- Consequences: Be aware bankruptcy can affect your credit score and may lead to the loss of some property.
What Can You Expect During the Bankruptcy Process?
After your crucial initial consultation, our bankruptcy attorney will guide you through every step, ensuring you fully understand your options before making any decisions. We’ll assess whether you qualify for Chapter 7 bankruptcy East Longmeadow or if Chapter 13 is more appropriate for your situation. From there, we will file your case with the bankruptcy court, gather all the necessary documentation, and provide everything required to the assigned bankruptcy trustee to keep your case moving forward. Our compassionate attorney will be by your side throughout the process, offering support and guidance. Schedule your consultation today to get the information you need to move forward confidently. Massachusetts law about bankruptcy
$1,499 Bankruptcy $0 Down Affordable Bankruptcy Options
Contact Us Now For Your Free Consultation
What Are the Key Differences Between Filing Chapter 7 and Chapter 13 Bankruptcy?
Chapter 7 bankruptcy offers immediate relief by wiping out most types of debt, including medical bills, credit card balances, overdue taxes, and debts from vehicle repossessions. Filing for Chapter 7 instantly halts bank account freezes, wage garnishments, and legal actions against you. You can often retain key assets like your home and car as long as you stay current on your payments.
VS
Did you know that in Massachusetts Chapter 13 bankruptcy, on the other hand, empowers you to take control of your finances by consolidating your financial debts into a single, manageable monthly payment plan.? This method enables you to gradually pay off your debts over time while immediately halting lawsuits, garnishments, and bank account freezes upon filing.
Chapter 13 in East Longmeadow is often the preferred option if you need to catch up on missed car or mortgage payments and want to avoid foreclosure or repossession, provided your budget can support the payment plan.
Is Chapter 7 Bankruptcy the Right Choice for You?
Contact our Hampden County Bankruptcy Lawyers – (413)-224-2286 in Massachusetts. Did you know that Chapter 7 bankruptcy allows you to discharge most types of debt, including payday loans, medical bills, credit cards, personal loans, and debts from repossessions. In many cases, you can keep your home and vehicle if you make your payments on time. The benefits start immediately once you are filing creditor harassment, stopping lawsuits, wage garnishments, and frozen bank accounts. This immediate relief can bring a sense of hope and optimism for a fresh financial start.
Are There Any Types of Debt That Chapter 7 Bankruptcy Doesn’t Cover
Need an Experienced chapter 7 bankruptcy lawyer in Hampden County MA? While Chapter 7 bankruptcy cannot eliminate all financial obligations, it can provide significant relief by discharging many types of debt. Debts such as federal or state income tax arrears, child or spousal support, and most student loans are exceptions. These specific debts will still need to be addressed. However, by discharging your other eligible debts, Chapter 7 can significantly ease your financial burden and free up funds for these remaining obligations.
Hampden County Bankruptcy Lawyers - Massachusetts
Navigating these complexities can be challenging, so working with an experienced bankruptcy attorney is essential. Our Chapter 7 lawyer will not only carefully review your situation but also play a crucial role in helping you create a plan to achieve lasting debt relief. Schedule a consultation with our knowledgeable attorney today to take the first step toward a brighter financial future, knowing that you’re in good hands.
What Are the Requirements for Filing Chapter 7 Bankruptcy?
Qualifying for Chapter 7 bankruptcy can be a source of relief. To do so, you must pass a means test to ensure that applicants do not have sufficient income to repay their debts reasonably. This test helps prevent higher-income individuals from using Chapter 7 as a quick way out of financial obligations. Additionally, you must complete a financial counseling session within the six months following your filing.
Bankruptcy Representation and Services
Free Consultations | Law Firm In Business Since 2010 | High-Level Attorney
Hours: Open 9:00 am - Closes 5:00 pm
What Is Chapter 13 Bankruptcy?
If you’re behind on your mortgage or car payments, Chapter 13 bankruptcy East Longmeadow can help you stop foreclosure, keep your vehicle, and, in some cases, even reduce your car payments. Depending on your situation, you may be able to create a repayment plan that allows you to pay only a portion of your total debt while still retaining all your assets, including your home and car. Additionally, Chapter 13 East Longmeadow can help you address outstanding obligations like old parking tickets—and may even make you eligible to have your driver’s license reinstated. This process can help you get a fresh start with your money, giving you a chance to take back control of your finances.
How Do I Qualify for Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, a steady and reliable income is a must. This income can be from various sources such as Social Security, disability, unemployment benefits, retirement payments, or rental income. It’s not limited to a regular job. However, individuals working as stock or commodity brokers, and corporations, are not eligible. Sole proprietors and self-employed individuals may qualify if their debts are within certain limits.
Typically, your repayment plan under Chapter 13 bankruptcy will last between three and five years. To ensure you can meet the payment plan requirements, you’ll need to pass a means test. Our experienced legal team is here to review your situation and guide you on whether Chapter 13 bankruptcy is the right choice for you.
What Happens During Chapter 13 Bankruptcy Process?
First, the means test serves as a crucial step in Chapter 13 bankruptcy process. If you meet the requirements, filing for Chapter 13 bankruptcy will immediately stop foreclosures, wage garnishments, repossessions, lawsuits, and harassment from creditors. We’ll then assist you in creating a repayment plan that suits your situation, subject to court approval.
The court will review your plan to make sure it’s fair and that your creditors get at least as much as they would have received if you had filed for Chapter 7. You’ll also need to demonstrate your financial responsibility by proving that you’re putting all your leftover income (after paying for your basic needs) toward your repayment plan. If you’re ready to take the next step, we encourage you to contact our office today to get started.
$1,499 Bankruptcy $0 Down Affordable Bankruptcy Options
Contact Us Now For Your Free Consultation
About East Longmeadow, MA
East Longmeadow 01028 is a suburban town in Hampden County, bordering Springfield in western Massachusetts. Home to about 16,000 people, it’s known for its friendly community, great schools, and well-kept parks. The town is famous for its unique rotary where seven roads meet. East Longmeadow hosts popular events like its Fourth of July parade and summer concerts. With easy access to Springfield, it offers a quiet, small-town feel while staying close to city amenities. Springfield, MA ZIP codes include: 01103, 01104, 01105, 01107, 01108, 01109, 01118, 01119, 01128, 01129, 01151
AREAS WE SERVE
Hampden County, located in Western Massachusetts, is home to a diverse range of cities and towns. The county’s cities include Springfield (the county seat), Chicopee, Holyoke, Westfield, Agawam, West Springfield, and Palmer. The towns that make up the rest of Hampden County are Blandford, Brimfield, Chester, East Longmeadow, Granville, Hampden, Holland, Longmeadow, Ludlow, Monson, Montgomery, Russell, Southwick, Tolland, Wales, and Wilbraham. Together, these municipalities form the vibrant communities that define Hampden County. If you need more information about any of these cities or towns, feel free to ask!
Contact Us Now to schedule a free initial appointment, call us at:
Peabody, MA: (781) 205-4735 East Longmeadow, MA: (413) 224-2286
2 Responses