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Bankruptcy Lawyer In East Patchogue
6 Reasons You Should Look for a East Patchogue, NY Bankruptcy Law Firms Near Me
For more than 30 years, Richard S. Feinsilver, a leading bankruptcy attorney, has been helping the Suffolk County community overcome their financial worries. As a member of the New York State, Nassau County, and Queens County Bar Associations and fully licensed to practice law in the State of New York, Rich has vast experience in Chapter 7 and Chapter 13 bankruptcy. Over the course of his career, he has successfully helped more than 7,500 clients put their debts behind them and get a fresh start in life. If you’re looking for a bankruptcy attorney near me, contact the law firm that East Patchogue, NY residents trust most: Richard S. Feinsilver, Esq. today!
6 Reasons You Should Consider Contacting Suffolk County Bankruptcy Law Firms Near Me
Planning for your future is tough, especially in these tight financial times. Like many Suffolk County residents, you may be unemployed or furloughed, but even if you’re still working, you may not be bringing in enough money to make ends meet. If you’re having a hard time with your finances and you just can’t seem to catch up, it might be time to consider setting up a consultation with a East Patchogue, NY bankruptcy attorney.
If you’re experiencing any of the following situations, looking for bankruptcy law firms near me may be in your best interest.
You’re in Foreclosure
If you’re in the midst of foreclosure and you want to keep your East Patchogue home, consult with Chapter 13 bankruptcy lawyers near me. A Chapter 13 bankruptcy, also known as reorganization bankruptcy or the wage earner’s plan, can help to prevent you from losing your home if it is in foreclosure. Once a bankruptcy lawyer files your case, an automatic stay will be issued, which stops creditors and debt collectors from attempting to collect payment for your debts. If you’re in foreclosure, the stay granted by Chapter 13 bankruptcy will allow you to remain in your home while you get caught up on your mortgage payments.
You Have Serious Medical Debt
The cost of health care in the United States is exorbitant. Even if you have health insurance, copays and high deductibles can really add up. If you or a loved one who is under your insurance has been diagnosed with a serious or chronic medical condition or has been involved in an accident and on-going medical care, medications, and surgeries are needed, you could be looking at tens of thousands, if not hundreds of thousands of dollars in medical expenses. Trying to keep up with the medical bills can be virtually impossible, especially if you have other financial responsibilities, such as a mortgage, a car payment, utilities, and credit card and student loan debt. Filing for bankruptcy can put an end to your medical debt so that you have one less expense to worry about.
Generally, medical bills are considered unsecured debts, similar to credit cards and utility expenses, so they don’t receive priority treatment. As such, if you file for Chapter 7 or Chapter 13 bankruptcy, you’ll be able to wipe out your medical debts, as well as any other unsecured debts that you may have.
You’ve Lost Your Job
Whether you’ve been furloughed or laid off as a result of the current state of affairs in the world, you were terminated, or you resigned from your job, the loss of income can be devastating; especially if, like many, you don’t have an emergency fund to get you through until you land a new gig. Credit cards may be a temporary solution, but relying on them will likely only worsen your financial situation.
If you’ve lost your job, consider consulting with a bankruptcy lawyer. An experienced attorney will be able to help you determine whether or not bankruptcy is the right option for you, and if so, whether Chapter 7 or Chapter 13 would be in your best interest. As soon as your case is filed, your unsecured debts will be wiped out, and depending on which type of bankruptcy you file, some of your secured debts may be erased, too. In either case, filing can save you a significant amount of money, as you’ll no longer be liable for sizeable debts, and you can use that money that you would have otherwise spent on bills to help you get buy until you get back up on your feet.
You Have a Significant Amount of Debt
Debt is a lot easier to accumulate than it is to pay off. While you may have had the best intentions when you took out your credit cards, you might be finding that paying down the balances is a lot harder than you thought. Add to that an auto loan, utility bills, and any other type of unsecured loans, your finances can really start to spiral out of control and making even the minimum payments on your debts can become virtually impossible.
If you’ve amassed a significant amount of debt and are having a hard time keeping up on your payments, speak with a East Patchogue, NY bankruptcy lawyer to find out if filing a claim would be in your best interest.
You’ve Been Hit with Unexpected Expenses
Car repairs, property damage, a robbery; unexpected expenses can pop when you least expect them, and when they do, they can leave you in financial turmoil. For instance, if you unintentionally rear-ended another motorist and your car suffered extensive damages, but your auto insurance won’t cover the entire cost, or if a pipe burst flooded your house and your homeowner’s insurance doesn’t cover flood damage, you could be looking at significant out-of-pocket expenses. Filing for bankruptcy after you’ve made the necessary repairs could help you avoid paying exorbitant bills over a prolonged period of time.
You’ve Filed for Divorce
The decision to end a marriage is a difficult time in anyone’s life. It’s not only emotionally taxing, but it can also be financially draining. The cost of legal fees that are associated with a divorce can be excessive. Add in the division of assets, child support, and alimony, and maintaining two individual households and you may be looking at astronomical expenses.
Filing for Chapter 7 or Chapter 13 bankruptcy could help you overcome some of the financial burdens that come along with a divorce. Keep in mind that you will still be responsible for any child support and alimony payments, as they are legally mandated expenses and cannot be erased by bankruptcy; however, filing can help to offset some of your other expenses so that you can get caught up.
Think Bankruptcy Might be the Right Option for You?
If any of the above-mentioned situations apply to you, or you are experiencing financial hardship for any other reason, it might be in your best interest to seek the counsel of a bankruptcy lawyer near me. Richard S. Feinsilver, Esq. is an acclaimed East Patchogue, NY bankruptcy lawyer who has helped thousands of people, just like you get back on their feet. Everyone deserves a second chance, and Richard S. Feinsilver, Esq. can help you get yours. To schedule a free bankruptcy consultation, call 855-334-6529 or visit https://www.file-bankruptcy.com today!
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