Foreclosure Strategies
May 10 2018
The best way to deal with a foreclosure is to take aggressive legal action when the foreclosure laws... [Read More...]
There is no shame in filing for bankruptcy. The bankruptcy laws were created so that hard-working people could work their way out of crippling debt. At the Law Offices of Schlissel DeCorpo, we understand that many circumstances can lead to financial disaster for families and for businesses.
When you file a bankruptcy, whether it is a Chapter 7 or Chapter 13 bankruptcy, the Federal Bankruptcy Court issues an order that is referred to as “An Automatic Stay.” This automatic stay advises all of your creditors to cease and desist from all collection activity immediately! Should your home be scheduled for a foreclosure sale, the sale will be stopped. It must be adjourned until such time as the bankruptcy proceeding is concluded or the creditor gets special permission from the Bankruptcy Court by making a motion for “Relief From The Automatic Stay”.
Our attorneys can look at your situation and quickly determine whether you need a Chapter 7 or Chapter 13 bankruptcy. There are important differences between the two:
For more information, see our frequently asked questions on bankruptcy.
Some people think filing for bankruptcy is a hassle; nothing could be further from the truth. Bankruptcies are done in federal courts, which are often more organized and more efficient than state and local courts. Sometimes it is easier to file for bankruptcy than to settle a speeding ticket. Since it is a right guaranteed under American law, no one can ever dispute your right to file for bankruptcy, no matter what your situation.
Our firm helps people who have fallen on hard times throughout New York, including Nassau County, Suffolk County, Manhattan, the Bronx, Brooklyn, Queens, Staten Island, Westchester County, and surrounding areas. Visit our contact page or feel free to call toll-free, any time, day or night, at 1-800-344-6431 or contact us at 718-350-2802. You can also reach us in Nassau County at 516-561-6645.
Bankruptcy is meant to provide “a new opportunity in life unhampered by the pressure and discouragement of preexisting debt,” according to the Supreme Court. Bankruptcy does not carry a stigma of failure and it is a fairly inexpensive procedure. It is an area where expert advice is essential.
Most people who consider bankruptcy have been in financial difficulty for quite a while. If you are unable to pay your debts, your creditors are hounding you or you stand the possibility of losing your home, you should consider the possibility of filing bankruptcy. Timing can be very critical with regard to bankruptcy filings. The filing of bankruptcy temporarily stops all creditors’ action against you, including lawsuits already filed, collection of judgments already entered, not to mention phone calls, income execution (wage garnishments) and threatening letters.
Your future financial prospects are important in timing the filing of the bankruptcy. Economic and financial difficulties will strain even the most harmonious family relationship. Divorce or separation may also cause financial as well as emotional problems for at least one party. Serious illness can be financially devastating. Money problems can also lead to health problems.
In the event you have financial difficulties please contact the Law Offices of Schlissel DeCorpo. We will answer your questions, determine if bankruptcy is appropriate in your situation we will review the legal expenses, time-frame and all other issues involved with filing a bankruptcy. We will also explain all the details involved in the bankruptcy process.
Contact us to discuss your case and our qualifications to represent you. Feel free to call toll-free, any time, day or night, at 1-800-344-6431 or contact us at 718-350-2802. You can also reach us in Nassau County at 516-561-6645.