Jacoby & Jacoby Articles Is Bankruptcy Right for Me?

Is Bankruptcy Right for Me?

By Jacoby & jacoby  May. 24, 2010 7:40p

If you are facing overwhelming debt, foreclosure, creditor harassment or the myriad of other problems that come with accumulating too much debt and being unable to keep up, bankruptcy may be something that you are considering. Of course, bankruptcy is not the right answer for everyone. That is why we recommend that you talk to a lawyer at our Long Island law firm to find out more about your particular options and exactly how bankruptcy may affect you.

For example, there may be successful alternatives that will help you consolidate debt or work out another solution that does not involve you resorting to bankruptcy. You may also need to determine whether a Chapter 7 liquidation or Chapter 13 reorganization will be right for you, what effects filing for bankruptcy will have on foreclosure, repossession and wage garnishment, and how this will affect your credit.

Bankruptcy is an important part of our legal system. It offers debtors the opportunity to get out of debt; to get a fresh financial start. However, there are specific advantages and disadvantages that should be discussed before making an important decision of this kind.

Legal Help for Your Long Island Bankruptcy

As careful as we are, we may make mistakes or life may throw us a curve ball, resulting in a situation where we have been laid off, injured or simply have accumulated too much debt and are now paying the price. Whatever your situation may be, a Long Island bankruptcy attorney at our firm can help. At Jacoby and Jacoby, we are committed to offering our clients with honest information about their cases. With straightforward advice and information pertinent to your particular situation, you can make the right choice about filing for bankruptcy. Our goal is to help you make that decision so you can truly face a brighter financial future.

Find out more about whether bankruptcy may be the right option for you. Contact Jacoby and Jacoby today!

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