Eliminating Your Bills
How to Get Rid of Your Debts
Financial troubles often start with the loss of a job, a health crisis or divorce. You can also get into debt by using high interest credit cards or simply spending more than you make. Whatever the reason for your financial difficulties, eliminating your bills can become a pressing matter. When you start missing payments and are no longer able to meet your financial obligations, your creditors will begin taking legal actions to recover the money they are owed. Too many debts can also result in foreclosure and repossession. There are various ways to reduce or eliminate your debts, such as debt consolidation, debt settlement, modifying your mortgage loan and filing for bankruptcy. If you are struggling financially, a Queens bankruptcy attorney should be consulted to discuss your legal options and debt relief alternatives. Once you understand the pros and cons of each solution, you can decide how best to address your money problems.
Queens Bankruptcy Attorney
Filing for bankruptcy has many advantages if you are severely in debt. Once your petition has been filed with the court, an automatic stay will be issued that stops:
A Chapter 7 bankruptcy will require the sale of non-exempt assets to pay creditors, after which any remaining debts will be discharged. In a Chapter 13 bankruptcy, you can restructure you r payment plans with creditors. Blutter & Blutter has over 55 years of combined legal experience helping clients reduce and eliminate their bills, and are members of the Nassau County Bar Association, NACBA, New York State Bar Association and New York State Society of Certified Public Accountants. The firm provides dedicated advocacy in Chapter 7, Chapter 11 and Chapter 12 bankruptcy cases, as well as zealous foreclosure defense, and skilled negotiation with creditors and lenders. Attorneys at the firm are committed legal professionals that work closely with financially overwhelmed clients in Nassau, Suffolk, Queens and Kings County to achieve the best possible resolution to their debt problems.
Contact a Queens bankruptcy attorney for trusted legal advice if you are burdened by too many bills.