When New York residents are struggling with large amounts of personal debt, it may seem like there is no way out and no light at the end of the tunnel. Sometimes, however, all you need is the advice and counsel of an experienced professional who can explain what options may exist to alleviate some of your financial burdens. This is where we come in. As experienced bankruptcy attorneys, we can analyze your situation and explain the options that may best for you in a comfortable and low-stress environment.
We understand that financial concerns related to debt can impact any one of us. In fact, it is often the case that some of the hardest working people are the ones who run into financial trouble. Filing for Chapter 7 bankruptcy can be extremely beneficial for certain people struggling with what feels like insurmountable debt. Chapter 7 is a fairly simple and straightforward process, especially after we explain how it all works and what will happen after filing the bankruptcy petition.
Chapter 7 bankruptcy is also known as “debt liquidation” because it does not require repayment of all debt obligations to creditors. Although many people interested in filing for bankruptcy are worried about losing all their assets, there are many cases where Chapter 7 filers are able to keep the majority, if not all, of their assets. In addition to liquidating debt and preserving assets, Chapter 7 bankruptcy has a range of other benefits, including preventing wage garnishments, unfreezing bank accounts that have been frozen due to judgments, ending creditor harassment, and providing peace of mind.
You should not have to go through the process of searching for solutions or filing for bankruptcy alone. And you should not have to place yourself in a worse position financially by borrowing from friends or family, taking on additional debt, or selling important assets in an effort to save an already sinking ship. Let us help you by explaining your options, providing experienced advice and guiding you through the process. Please visit our website for more information about ways we can help you.
