New York Bankruptcy Lawyers

Filling for Bankruptcy in Nassau & Suffolk, NY

The decision to file for bankruptcy is a very personal one that must be contemplated thoroughly.   Filing for bankruptcy is a favorable option for people with inescapable amounts of debt they cannot get under control or seem to pay off.   After filing for bankruptcy, all of debtor’s dischargeable debts will be eliminated or consolidated into a payment plan that is more than feasible for the debtor to pay off over the course of three to five years.   Furthermore, after filing for bankruptcy, a debtor will no longer be subjected to wage garnishments, creditor harassment, or the constant worry and stress that accompany having too much debt.

That being said, there is a downside to filing for bankruptcy.  If you’re thinking about filing for bankruptcy, you should know that a bankruptcy will appear on your credit report for approximately 10 years.  This can make it difficult to apply for credit cards and get approved for a loan, especially when trying to buy a house or a car.  However, the good news is that, despite having a bankruptcy on your credit report, you will still be able to qualify and obtain credit sooner than you may think.  In some situations, people are able to obtain credit as soon as one or two years after filing for bankruptcy. 

When contemplating filing for bankruptcy, the best thing to do is weigh the pros and cons. If your life is shambles, if your financial situation is out of control, if your wages are being garnished, if you are constantly being harassed by creditors, then filing for bankruptcy is probably your best option.  By speaking with an experienced and skilled New York bankruptcy attorney, you can review your financial situation with a trained professional who can explain your rights and advise you on whether or not filing for bankruptcy is right for you!

Contact a New York Bankruptcy Attorney  

At Jacoby & Jacoby, we are dedicated to helping people throughout Nassau and Suffolk alleviate their debts and financial burdens by filing for bankruptcy.  When you come to our office, we can review your finances, discuss your rights and options under the law, and determine what the best course of action should be for your specific financial situation.  Helping you overcome your debts so you can have a fresh start financially is our number one priority!

Contact a New York bankruptcy lawyer at Jacoby & Jacoby today to discuss filing for Chapter 7, Chapter 13, or Chapter 11 bankruptcy.