Long Island Chapter 7 Bankruptcy Attorney
LoScalzo & Associates Attorneys and Counselors at Law Chapter 7 Bankruptcy Protection
Chapter 7 Bankruptcy allows you to eliminate debt, get out from under crushing credit card and other unsecured obligations, and get a fresh start. Our bankruptcy attorneys can help you decide if this is the right decision for you and your family. If you do qualify we can guide you through the complex process of filing bankruptcy using the Chapter 7 code.
Chapter 7 Eligibility
To file bankruptcy using the Chapter 7 bankruptcy code a petition must be filed with the individual's local bankruptcy court which includes full detailed information on all property, assets and debts, income and expenses and other financial liabilities. Once the petition is filed, creditors are required to cease any and all collection actions. This alone can provide a great deal of relief. The eligibility for Chapter 7 bankruptcy protection is a complex formula that a bankruptcy attorney at LoScalzo & Associates can guide you through.
Chapter 7 Sometimes Referred To As Straight Bankruptcy
Chapter 7 bankruptcy is sometimes thought of as a simple form of bankruptcy. Don't be misled. Bankruptcy in any form is an extremely complex process that demands a bankruptcy attorney with proven success in the field. Your bankruptcy attorney at LoScalzo & Associates can evaluate your circumstances and help you determine which chapter of bankruptcy will provide you with the maximum level of protection. Although there are some debts which can't be discharged by Chapter 7 such as child support, certain tax debts, etc., many can be eliminated. In less time than you think, you and your family can be debt free and on your way to a more secure and stress free future.
If Bankruptcy Is the Answer This Is the Time to Take Action
With the changes in the New York State laws regarding exemptions when filing bankruptcy, the conditions are extremely favorable. The longer you wait without taking positive action, the more likely you are to be faced with ever increasing debt. You may also find yourself vulnerable to wage garnishment, having bank accounts attached, judgments entered against you, and any number of legal and financial actions.
Get Help Now
It is crucial that you get the help of a skilled bankruptcy attorney now before your situation escalates. If you want to effectively handle your overwhelming debt, stop creditor harassment, prevent foreclosure, get your finances back on track, and avoid negative escalation call us now at 631.564.2754. If you prefer you may use our confidential inquiry form to schedule a free and confidential consultation with a Long Island bankruptcy attorney at LoScalzo & Associates today.