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Westfield MA Debt Settlement Attorney

Debt can be a heavy burden for many individuals and families in Westfield, Massachusetts, and across the country. As bills pile up and payments become too burdensome, many people may feel like there is no way out. This is where debt settlement comes in as a possible solution. 

Debt settlement is a process where individuals work with a debt settlement company to negotiate with their creditors to pay off their debts for less than the entire amount owed. This can be an excellent option for Westfield residents struggling to make their monthly payments and looking for ways to get out of debt more quickly and regain control of their finances. 

Hiring a debt settlement attorney in Westfield MA can be beneficial for several reasons. They can negotiate with your creditors to reach a favorable settlement for you. They can also give you legal advice and help to explore all your options for debt relief, including debt consolidation and bankruptcy if necessary. With the assistance of a debt settlement attorney, you can take steps towards becoming debt-free and regain control of your finances.

Why Do I Need a Debt Settlement Attorney?

The Law Office of Eric Kornblum has several attributes that make them well-suited to help individuals with their debt settlement needs. 

  • Knowledgeable Attorneys: The Law Office of Eric Kornblum has a team of competent attorneys with the knowledge and skill in bankruptcy law to negotiate with creditors on your behalf. 
  • Personalized Service: We are committed to providing superb attorney-client relationship service to our clients. We understand that every individual’s financial situation is unique, and we will work to customize a debt settlement plan tailored to your specific needs.
  • Accessible and Responsive: We are accessible and responsive to our clients. We will work with you throughout the process to ensure you are informed and comfortable with the steps taken on your behalf. 
  • Strong Reputation: We have a strong reputation in the Westfield community for providing up-to-speed and effective debt settlement services. 
  • Legal Support: We can also provide legal support in case of any legal complications that may arise during the debt settlement process. 
  • Comprehensive Approach: We can help you to explore all your options for debt relief, including debt consolidation and bankruptcy if necessary.  

By hiring any of our debt settlement attorneys at the Law Office of Eric Kornblum, you can be confident that you are working with someone skilled, reputable, and efficient. 

What is Debt Settlement?

Debt settlement is a legal process allowing individuals and businesses to negotiate with creditors and debt collectors to pay off a portion of their debt (rather than the entire) amount owed. This can be settled with the help of a debt settlement attorney, such as the Law Office of Eric Kornblum in Westfield, MA.

One of the primary benefits of debt settlement is that it can provide debt relief for those struggling with immense debt. This can be especially helpful for business owners or those with a significant amount of credit card debt.

The Debt Settlement Process

The debt settlement process begins with a review of the client’s financial situation and assets. This includes evaluating real estate, conducting an advanced book search, and examining potential bankruptcy exemptions. The attorney will work with the client to develop a debt settlement plan based on this information. This plan may include targeted advertising to creditors, negotiation, and filing for chapter 7 bankruptcy.

In some cases, debt settlement can lead to a reduction in the debt amount the client is responsible for paying. For example, a creditor may be willing to accept a lump sum payment for less than the entire amount owed. However, it’s important to note that debt settlement can also harm a person’s credit score.

If debt settlement is not an option, the attorney may advise the client to consider filing for bankruptcy. This can include Chapter 7 bankruptcy, which can discharge most unsecured debts, or Chapter 13 bankruptcy, which involves a repayment plan for three to five years. It’s crucial to note that each state has different laws and exemptions regarding bankruptcy filing. Therefore, working with an attorney familiar with the state laws where the client resides is valuable.

Pros and Cons of Debt Settlement

Before deciding to pursue debt settlement, it is critical to understand the advantages and disadvantages of the process. By understanding the pros and cons of debt settlement, individuals and businesses can decide whether this option is the best fit for their financial situation.


  • Debt relief: One of the main benefits of debt settlement is that it can provide debt relief for those struggling with extensive debt.  Debt relief can free up your cash flow to get you back on track financially and regain control of your finances.
  • Reduced debt: Debt settlement can significantly reduce the amount of debt an individual or business owes, making it more manageable and easier to pay off.
  • Bankruptcy alternative: For some, debt settlement may be a better option than filing for bankruptcy, which can severely impact a person’s credit score and financial future.


  • Negative impact on credit score: Debt settlement can harm a person’s credit score, making it difficult to obtain credit in the future.
  • Costs: The debt settlement process can be costly, as clients need to pay legal fees and other costs associated with the process.
  • No guarantee of success: There is no guarantee that a debt settlement will be successful, and creditors may not agree to the proposed payment plan.

How Do I Qualify for Debt Settlement? 

There are several factors taken into consideration to qualify for debt settlement:

  • Financial situation: The first step in determining if you qualify for debt settlement is to review your financial situation. This includes examining your assets (e.g., real estate) and your credit score.  
  • Amount of debt: Individuals or businesses must have a significant debt amount to qualify for debt settlement. This can include credit card debt, medical bills, or other unsecured debts.
  • Ability to make payments: Individuals or businesses must have the ability to make payments towards the settled debt to qualify for debt settlement. This includes having a steady income or access to liquid assets.
  • Willingness to negotiate: Creditors may be more willing to negotiate if they believe they will receive at least some of the money owed to them. 

Call our Westfield MA Debt Settlement Attorney Now!

If you are struggling with a significant debt amount, you should take action and explore your options. The Law Office of Eric Kornblum can help you understand the benefits and drawbacks of debt settlement and bankruptcy and guide you to find the best solution for your financial situation.

Don’t let debt control your life any longer. Contact the Law Office of Eric Kornblum today to schedule a conversation and take the first step toward financial freedom. The attorneys at the law office are ready to help you negotiate with creditors and will fight for your rights to help you get the best possible outcome.

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MA bankruptcy lawyer Eric Kornblum graduated from State University of New York, Binghamton in 1989 and received his law degree in 1992 at Western New England College, School of Law. Since opening his own practice, Eric has been dedicated to helping his clients resolve their financial problems both in and out of court.
As a MA bankruptcy lawyer with over 25 years of experience in bankruptcy law and intimate knowledge of the Massachusetts legal system, Eric provides clients with expert guidance through Chapter 7, and Chapter 13 bankruptcy proceedings. He believes in aggressive, diligent and compassionate representation.

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