Long Island Bankruptcy Attorney

If you are one of many Long Island residents struggling with overwhelming credit card debt, increasing mortgage payments, medical bills, past due utility bills, harassing phone calls from aggressive collection agents or any type of financial crisis, bankruptcy may be the best course of action.

No one plans in advance to file bankruptcy.  But when bills and expense start to get out of hand because of a medical emergency or condition, job loss or cutback in hours, accident, divorce, or any other reason, it's important to take action quickly.  Making the choice to take action sooner may protect you from potential law suits from your creditors.  Legal action taken against you may result in having your bank accounts frozen, your wages garnished and possibly more.  In addition you may be liable to cover the court costs and other legal fees incurred by the plaintiff.

Bankruptcy has often been thought of as a “last resort” when personal finances are concerned. The many myths surrounding bankruptcy often prevent people that need the protection that bankruptcy offers from getting the true facts from an experienced bankruptcy lawyer.

Types of Bankruptcy Protection

Bankruptcy may allow you to eliminate your debt, prevent foreclosure, and restructure your financial future. Recently, an article in USA Today stated that a great number of individuals who might benefit from filing bankruptcy, may choose not too because of a lack of understanding of exactly how the bankruptcy laws can help them
 
Most bankruptcy attorneys will offer a free consultation to prospective clients. A free consultation with a bankruptcy attorney is an opportunity for you to get an understanding of how bankruptcy can help. Additionally, the consultation provides you the opportunity to candidly examine your financial position with an objective bankruptcy attorney.

Rebuilding Your Credit

Many people delay or try to avoid filing bankruptcy because they don't understand the impact that it will have on their credit standing.  They believe that bankruptcy on their credit history is more damaging then the blemishes that already appear on their credit reports.  One of the questions we often here is, "When I can start getting credit or credit cards again?" Credit is a necessary part of life in the world we live.

After your bankruptcy case has been discharged you will be considered a high risk by lenders. However,  credit will be available to you. Your bankruptcy attorney can assist you with strategies to help you rebuild your credit rating.

Retaining a qualified and experienced Long Island bankruptcy lawyer provides you the kind of help you need during the complex process of Chapter 7 bankruptcy or Chapter 13 bankruptcy protection.  Relieving you of overwhelming debt is only a part of the process of rebuilding your financial future and getting you back on track.

The Choice To File Bankruptcy

No one plans to file for bankruptcy. Bankruptcy laws exist to help people faced with more debt than they are able to repay, without having to sacrifice more of their lifestyle than would be possible. Regardless of the root cause of your financial hardship we can help resolve the issues and get you back on track.

Take advantage of the opportunity to meet with one of the experienced bankruptcy attorneys at LoScalzo and Associates. Your consultation is free and confidential.  Call our offices today or contact a Long Island Bankruptcy Attorney online to schedule your consultation.