Filing Bankruptcy Applications With Bankruptcy Attorneys

Bankruptcy law is one of the premiere branches of the American legal system. For more than 15 years, bankruptcy lawyers have been assisting debt-ridden people seek total financial relief through the courts. Bankruptcy lawyers possess in-depth understanding about the bankruptcy law and are able to guide you every step through the process. They offer free consultation, work with your creditors to reduce payments and improve your credit score, and provide support after bankruptcy.

Wage garnishment in New York has risen due to the sudden hit following the COVID-19 pandemic. While it is the right option for creditors in many situations to recover their debt, it puts a financial strain on the debtor’s existing condition. However, the creditor has to seek judgment from the court before following the wage garnishment order.

Bankruptcy attorneys use a variety of legal tactics to help debtors achieve their goals. Some of these include: liquidating some of your assets, having your wages garnished, preventing foreclosure or liens, forgiving debt, or arranging for an extended period of time to repay your debts. Although bankruptcy attorneys do not guarantee that your financial situation will improve, they can make it much easier for you by guiding you through the process. In many cases, these steps will allow us to quickly turn our financial situation around and begin living debt-free again.

Another option available to those who are facing financial hardship and believe they may be eligible for bankruptcy is debt negotiation. Debt negotiation utilizes the services of an attorney who works directly with creditors to negotiate lower payments, interest rates, and eliminate other fees and penalties. If you are unable to repay your unsecured loans, you can choose this option to work with your creditors. Bankruptcy lawyers are not involved in the debt negotiation process. If you choose this option, you should consult with a bankruptcy lawyer to determine if your state’s laws allow debt negotiation.

Tax foreclosure relief is another option available to those who are struggling to pay their creditors. Bankruptcy attorneys are able to provide assistance with this type of action. This involves using tax foreclosure laws to prevent foreclosure and allow homeowners to stay in their homes. Tax foreclosure assistance provided by attorneys is not covered by any type of bankruptcy law.

Many who file for bankruptcy protection plans wish to have a fresh start, but are unsure how to begin. Bankruptcy lawyers are aware of the requirements needed to file such a plan and can assist in completing this task. They can also guide you throughout the entire process including filing all necessary forms and paperwork. Once you complete the filing process, you will be on your way to receiving the tax breaks, debt relief, and other benefits that bankruptcy protection allows.

The information contained in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal advice regarding any specific debt issue. For additional information or to receive an applicable recommendation from a practicing bankruptcy attorney, contact a reputable law firm today. The information contained herein is designed to be used for reference purposes only.

This post was written by Trey Wright, one of the best bankruptcy lawyers in Tallahassee! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation. Click here to learn more!

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