Springfield Chapter 7 Bankruptcy Lawyer

Serving All of Massachusetts with Outstanding Experience: (413) 475-9882

Under U.S. federal law, Chapter 7 is a common form of bankruptcy that wipes out various types of debt. This type of bankruptcy applies to both individuals and businesses. It is referred to as both “straight” bankruptcy as well as “liquidation” bankruptcy due to the fact that the filer’s property is liquidated to pay off creditor debt. Chapter 7 is pertinent for those who have accumulated insurmountable debt, especially unsecured debt, such as credit card debt.

If you are facing crushing debt, you may be eligible for a Chapter 7 filing which may be your best debt relief solution. As your Chapter 7 bankruptcy attorney, my first step is to analyze your financial situation to determine your legal options. My goal is to find the best legal way to restore your financial health. I will educate you as to what will best fit your needs based on the facts of your situation. Should Chapter 7 be right for you, I will ensure that you fully understand the procedure, its eligibility requirements, and its consequences for your future.

How Does Chapter 7 Bankruptcy Work in Massachusetts?

In a Chapter 7 bankruptcy, all of your property and assets that are not exempt are gathered into a bankruptcy estate. These assets are then sold by your bankruptcy trustee in order to pay off your debts. Certain debts cannot be wiped out using a Chapter 7 filing.

In a Chapter 7 filing, certain assets are exempt from liquidation, either through state or federal exemption guidelines. In Massachusetts, state exemptions are much more generous than federal. These include exemptions for your home, vehicle, and more. Once you file for a Chapter 7 bankruptcy, your creditors can no longer call or contact you in any way to demand payment.

A Successful Track Record of 5,000 Cases

My extensive experience in handling the financial situations of people across the state has given Morrison & Associates a leading edge in the bankruptcy field. My priority is to lead you to financial relief and to the peace of mind that comes with a clean slate and a fresh start.