What to Expect

Bankruptcy Lawyer for Suffolk County, Nassau County, Brooklyn & Queens

When considering filing for bankruptcy, it is important to know what to expect.  A Long Island bankruptcy attorney  may be able to help you successfully discharge your debts through Chapter 7 or Chapter 13 bankruptcy protection. 

The first step of the bankruptcy process is determining which type of protection is in your best interests for your specific situation.  If you wish to liquidate property in order to eliminate debt as quickly as possible, Chapter 7 bankruptcy may be the right choice.  If, however, you do not pass the means test or other qualifications or wish to obtain foreclosure defense to save your home, filing for Chapter 13 may be the answer.  Either protection requires credit counseling and detailed financial information for a filing to go through so it is crucial that you have the help of an attorney who can ensure that the forms and schedules are completely correctly and accurately.  Once your petition has been officially accepted, creditor harassment, foreclosure actions, wage garnishment, etc. must cease.  This can bring a great deal of relief to the debtor.  Negotiations with creditors commence shortly after filing in order to resolve most outstanding debts.

Once debts have been discharged through bankruptcy protection you can begin rebuilding your financial position.  Offers for credit usually appear only 18 to 24 months after filing.  There is hope and life after bankruptcy and with the help of an attorney aggressively fighting for you, that life may be yours!

Why consult with a Long Island bankruptcy attorney?

The goal of any dedicated bankruptcy attorney is to help the client reap the benefits of bankruptcy while minimizing the confusion and stress.  The bankruptcy process can be extremely complicated and your chances of having your petition approved are greatly increased by having the help of a knowledgeable lawyer.  Any discrepancies, mistakes or omitted information - even if it was an honest mistake - could result in your petition being denied.  At the Law Offices of Loscalzo and Associates an attorney dedicated to providing top notch legal counsel in bankruptcy law has helped clients successfully navigate the entire bankruptcy filing process.  They may be able to help you!