Jacoby & Jacoby Articles Eliminating Debt

Eliminating Debt

By Jacoby & Jacoby  May. 29, 2010 1:40p

How a Bankruptcy Attorney Can Help You Eliminate Debt

Overwhelming debt is a problem that can lead to a great deal of stress for any person. Not only is there the stress of trying to make payments while forgoing necessities or luxuries that you would otherwise be able to afford, but debt collection efforts can make life difficult. Creditor harassment, constant calls and other forms of contact can make life extremely difficult. That is why eliminating debt is such an important issue to address and why bankruptcy may be an option to help a Long Island debtor experience much-needed relief in difficult times.

Finding out what debt may be eliminated in filing for bankruptcy and all of the potential consequences that a Chapter 7 or Chapter 13 bankruptcy is important. At Jacoby and Jacoby, we offer a free consultation with a Long Island bankruptcy attorney to talk about eliminating debt and filing for bankruptcy - and how this will affect your unique financial situation.

Debt that may be eliminated in filing for bankruptcy may include a variety of different types of unsecured debt, including medical bills, utility bills, credit card bills, personal loans, department store credit, and dental bills. Although only unsecured debt such as this may be discharged, there are situations where secured debt (taxes, student loans, child or spousal support) may be addressed as well. A Chapter 13 repayment plan may allow a debtor to include this type of debt and will be given priority to unsecured debt in the payment plan, meaning that this debt may be effectively eliminated - because it is paid by the debtor.

Long Island Bankruptcy Lawyer

Do not wait to address this situation. To find out more about how you can eliminate debt and finally experience relief during stressful times, contact a Long Island bankruptcy lawyer at our law firm today. With our experience and the resources to competently handle your case, we can help you experience the debt relief you need.

Contact our firm today!

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