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Bankruptcy Law in Springfield Massachusetts

Seeking an Experienced Bankruptcy Attorney in Springfield, Massachusetts?

Life can present unexpected challenges. From job loss, the death of a loved one, a catastrophic injury or illness, to other massive setbacks, certain circumstances can take a significant financial toll. Despite your best efforts to become and remain affluent and financially stable, you’ve reached financial instability and made the decision to file for bankruptcy.

Once you’ve decided to file for bankruptcy, you may feel nervous, confused, disillusioned and even hopeless. After all, the word “bankruptcy” has a negative connotation. Images of poverty and struggle may surface. So, what do you do? Where do you turn? How can you rebuild your finances to become the financially sound individual you once were?

Although no one ever plans to file bankruptcy in life, you can become a financially independent and even prosperous individual despite filing for bankruptcy. Bankruptcy is a federal and legal process that allows individuals and companies a “fresh” start from uncontrollable debt. As an individual, you declare that you are not able to meet your financial obligations and based on your financial burden, you may file for bankruptcy in one of two ways.

So, if you’ve decided to take the positive steps to dissolve your overwhelming and accumulated debt, it’s time to turn to a law firm that has the bankruptcy experience and tenacity to represent you with your bankruptcy case. It’s time to call the Law Offices of Hare, Stamm & Harris, LLC. Proudly serving clients in Springfield, Massachusetts, we have a keen understanding of the Bankruptcy Code and will treat you with the respect you deserve as you take propelled action to reorganize your finances and/or your company.

What is Bankruptcy? 

While bankruptcy is a generalized name given for the legal and federal court procedure that helps individuals and companies dissolve debts, there are several types of bankruptcy filings that exist.

According to the United States Courts’ website: “Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.” The site also adds: “All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code.”

The US Courts website further defines the various types of bankruptcy: “Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation. Municipalities—cities, towns, villages, taxing districts, municipal utilities, and school districts may file under Chapter 9 to reorganize. Businesses may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize.” Chapter 12 bankruptcy filing is designed for families and fishermen, while “Bankruptcy filings that involve parties from more than one country are filed under Chapter 15.”


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