Long Island residents dealing with significant debt can often feel like there are no options to help them get out of their situation. Many forms of debt relief may be available to them, but selecting the best alternative can be difficult. One form of debt relief that may be available to individuals is filing for Chapter 7 bankruptcy.
Chapter 7 bankruptcy is a relatively simple form of seeking relief for debtors with unmanageable unsecured debts. Filing for this form of bankruptcy allows a borrower to discharge many of their current debts, as long as they are able to meet basic financial requirements. Chapter 7 bankruptcy is often referred to as a debt liquidation as it allows numerous debts to be removed without requiring repayment of all creditors. Those filing for this type of bankruptcy are often allowed to keep certain types of assets.
The attorneys at Macco & Stern are focused on assisting Long Island area residents with obtaining debt relief through the appropriate means. They apply their experience and skills to provide dependable legal assistance for those facing financial challenges. In addition, they help prospective clients evaluate their situation, to determine the best course of action for their circumstances. Furthermore, they can provide counsel to clients seeking to stop wage garnishments, account freezing and harassment by creditors, as well as help clients determine whether they can keep property, accounts and other assets.
The attorneys at Macco & Stern guide their clients through the bankruptcy process and explain to their clients what Chapter 7 bankruptcy can and cannot accomplish for them. They assist those struggling with debt to get back to their financial goals as soon as possible. Long Island residents may want to review the firm’s Chapter 7 bankruptcy web page, to learn more about their options.