Bankruptcy Help throughout New York
Filing for bankruptcy can seem like an overwhelming and complex process. The state of New York allows for several different types of personal bankruptcy, and determining which type is right for you can be challenging without the assistance of a legal professional. The most popular form of debt relief in New York is Chapter 7 bankruptcy, but there are specific exemptions that determine what types of debt can and cannot be discharged.
Here at Jacoby and Jacoby, our personal mission is to remove the uncertainty and stress that so often surrounds financial problems. Whether you are dealing with credit card debt, foreclosure, or any other financial dilemma, we are here to help. Our bankruptcy attorneys have provided the following information about debt relief so that you can be fully informed about your legal options. Please read through the information provided below and call our firm for additional clarification and answers to your questions.
Alternatives to Bankruptcy
Even though bankruptcy is the most popular alternative to debt, it is not always the best solution. Credit counseling, debt consolidation and debt settlement are viable options for debtors who are looking for relief from their financial solution, and a legal professional can help you decide which alternative is best for you.
Are you looking to avoid bankruptcy? Some of the best ways to avoid filing for bankruptcy involve saving money through strict budgeting and controlling your spending habits. You should also consider applying for insurance coverage, as this will cover a large portion of your expenses in the case of an accident or emergency.
Debt can have a crippling effect on debtors, and those who fall prey to substantial debt may be confused about their legal options. Our team of dedicated lawyers have provided helpful FAQ and legal information, and we offer you a free consultation to answer any additional questions you may have.
Understanding the different bankruptcy laws in the Bankruptcy Code can be extremely difficult. If you are considering bankruptcy as a form of debt relief, it is wise to seek the counsel of a legal professional who has experience dealing with bankruptcy law.
Are you concerned about filing for bankruptcy? There are many myths circulated about bankruptcy that may make you feel uneasy, but it is important that you seek out the truth. Bankruptcy does not ruin your credit forever and you will not automatically lose your car and your house by filing for bankruptcy.
In order to gain a better understanding of the bankruptcy laws and what you can expect throughout the bankruptcy process, our lawyers have compiled a list of helpful bankruptcy resources in New York.
Benefits of Bankruptcy
If you are struggling with overwhelming debt, bankruptcy can provide you with numerous benefits. There are quite a few benefits to filing for bankruptcy, and you will no longer be subject to creditor harassment, wage garnishment or the pressure of looming debt.
Chapter 11 Bankruptcy
A Chapter 11 bankruptcy involves the restructuring of business debts, and allows a business to continue operations while it cancels other financial obligations and contracts. Through the process of Chapter 11 bankruptcy, a business can find relief from its debts and financial burdens.
Chapter 7 vs. Chapter 13 Bankruptcy
It can be difficult to decide whether Chapter 7 or Chapter 13 bankruptcy is the right option for you. There are various advantages and disadvantages to each type of bankruptcy. Chapter 7 bankruptcy is useful for discharging unsecured debts, while Chapter 13 bankruptcy consolidates debts so that a debtor can pay them off through monthly installments.
Filing for Bankruptcy
If you are struggling with insurmountable debt, bankruptcy may be the solution you are looking for. Filing for bankruptcy relieves a debtor of creditor harassment, wage garnishment and unsecured debt. There are some downsides to filing for bankruptcy, and our lawyers can discuss this with you in more detail.
Life After Bankruptcy
Filing for bankruptcy is not as detrimental to your life as they may think. There are simple steps that can be taken to rebuild one's credit after bankruptcy, such as making payments on time and applying for a secured credit card with a low balance.
The Bankruptcy Process
The bankruptcy process differs depending on whether one decides to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, and our lawyers can provide you with additional details and information. Credit counseling courses are required before you can file your bankruptcy petition, and once you have completed this counseling you can file a petition with the bankruptcy court.
Why Hire a Bankruptcy Attorney
Even though you can file a bankruptcy petition on your own, it is in your best interests to seek the counsel and guidance of a legal professional who is highly proficient in bankruptcy law. The right bankruptcy attorney for you will help you through each stage of the bankruptcy process and protect your rights along the way.
Seeking a Brighter Financial Future
In order for you to find the relief you need, you must take action. The laws in our country protect your right to seek relief through bankruptcy, and our firm is here to help you maximize your legal options. We provide the skilled guidance and legal explanations you need, and we empower you to seek a brighter financial future. Here at Jacoby and Jacoby, we offer you a free consultation to discuss your situation with a bankruptcy attorney who can help. Contact us today!