What Are the Benefits of Filing for Bankruptcy in New York?

There is nothing worse than being overwhelmed with debt, though for many Americans and New Yorkers, this is an unfortunate reality of life. Please continue reading and speak with our experienced Rockland County bankruptcy attorney to learn more about some of the benefits of filing for bankruptcy in NY and how our firm can assist you through every step of the legal process ahead. Here are some of the questions you may have:

What are some of the benefits of bankruptcy?

Fortunately for thousands of Americans, bankruptcy can provide them with the financial relief they truly need. Depending on your specific situation, there are various potential benefits of filing for bankruptcy. To start, one of the most common reasons that people file for bankruptcy is to stop a foreclosure on their home. When you file for bankruptcy, it will trigger an automatic stay, which means that creditors will have to cease all collection activities. Furthermore, filing for bankruptcy will put a halt to threatening calls, letters, and emails from collections agencies, and it will also stop all debt lawsuits from creditors until your case is resolved. In many cases, those who file for bankruptcy find themselves in situations where their wages are being garnished–bankruptcy can stop this as well. Finally, in many cases, filing for bankruptcy can discharge a significant portion of your debt, or at least allow you to work out a repayment plan that can help you get your finances back in order once again. Ultimately, for many people, filing for bankruptcy gives them the fresh start they deserve and need.

Do I need an attorney to file for bankruptcy?

While technically, you are not legally required to file for bankruptcy without an attorney, few people do. This is because a Rockland County bankruptcy attorney knows the ins and outs of bankruptcy law, and he also knows how to deal with creditors, collections agencies, and all other entities you may encounter along the way. Our firm has helped guide countless individuals to their safe harbor over the years, and we are here to do the same for you today. If you are ready to file for bankruptcy, do not go it alone–simply pick up the phone and give us a call today. We are always here to help.

Contact our experienced New York firm

Bankruptcy, for many people, is a frightening endeavor. Fortunately, with the help of an experienced attorney, it does not have to be. If you require the services of an experienced Business Law or Bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options. We will have your back every step of the way.