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Hempstead Bankruptcy Lawyer

Filing for Bankruptcy in Hempstead

The current economic downturn has created terrible financial difficulties for countless individuals and families in the Hempstead area. Some have lost their jobs and others are suffering problems through a divorce or medical bills from a health problem. No matter what circumstances surround the financial problems, it is important that you take action to resolve it before it gets even more serious. When threatened with a repossession of a car, foreclosure, lawsuits, wage garnishment or other problem, there are solutions that can bring about peace and resolution. A Hempstead bankruptcy attorney from Jacoby & Jacoby can provide the legal support to fully evaluate the situation and advise you how to move forward, either with filing for bankruptcy or another alternative, depending upon your personal financial situation.

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The legal team at the firm can evaluate the situation and advise you as to the best course of action, whether bankruptcy filing or an alternative that could work, based on the exact circumstances of the debt problems you face. In some cases, a Chapter 7 bankruptcy filing will resolve the matter, and allow you to discharge consumer debt such as credit card debt, other unsecured debt, medical bills and others. Some may wish to avoid loss of certain properties or will not qualify for Chapter 7, and Chapter 13 can provide them with the time to pay off outstanding liabilities over a 3 - 5 year period. The firm can provide the legal representation to assist in any of the following debt-related matters:

When burdened by overwhelming debt and seeking a workable solution, it can be critical that you get legal advice at once, and before the situation exacerbates. Juggling credit card payments and possibly cashing out a retirement account may cause more damage to your finances than filing bankruptcy, in which you could be relieved of the credit card debt and keep your retirement accounts. Act quickly and contact the firm.

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