Huntington Bankruptcy Attorney
Filing for Bankruptcy in Huntington?
When considering filing for bankruptcy, it is vital that you get legal assistance from a Huntington bankruptcy attorney to assist you and guide you through the process. Since changes in the bankruptcy laws in 2005, it has become more difficult to file a bankruptcy petition, with more requirements and documentation as well as the requirement of getting credit counseling in order to qualify. The legal team at Jacoby & Jacoby has assisted over 15,000 clients in bankruptcy filings, and has over 50 years of combined experience in working within the constriction of the federal bankruptcy laws. Seeking legal representation from the firm is strongly advised, as if you fail to correctly document your case, you could be denied the opportunity to file or you could slow the process, creating more problems and financial difficulties. The legal team at the firm assists clients in any of the following types of bankruptcy or debt-related matters:
Bankruptcy Lawyer in Huntington, NY
A full evaluation of the current situation must be undertaken at once in order to determine the best solution for severe debt problems. Some are facing foreclosure on their home, and may have a first and second mortgage, and the home may have dropped in value below the amount that is financed. This problem should be addressed legally with the goal of resolving the matter for the benefit of the client. In some cases, bankruptcy will allow the opportunity to renegotiate the mortgage and avoid foreclosure. During the bankruptcy process, an "automatic stay" of all collection actions begins once the filing has reached the court. This allows for an end to the constant creditor calls, letters and threats of foreclosure or repossession, giving time to sort out how to best resolve the situation.
Some may not qualify for Chapter 7 bankruptcy, or "liquidation" bankruptcy. They may qualify for Chapter 13, which will give them several years in which to pay off back debt, often at a percentage of what was originally owed, all in one payment that is reasonable and possible to meet. Contact the firm as quickly as possible if you have found that you are in "over your head" financially. Fast action can reduce the damage to your financial health.
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