Benefits of Bankruptcy

The Advantages of Bankruptcy

When you can no longer pay your bills and are being relentless pursued by debt collectors, you may be confused about what to do, or even believe that your financial condition is unsolvable. A New York bankruptcy lawyer should be contacted immediately to thoroughly review and discuss your finances. There are many actions that can be taken to alleviate financial burdens, including filing for bankruptcy. A skilled attorney will be able to advise you on how best to address your particular circumstances and restore your financial well-being.

Bankruptcy, while often seen as a last resort to money problems, has many benefits such as ending abusive creditor calls, preventing foreclosures, stopping repossessions, and halting wage garnishment. It is a viable legal remedy that can be used to purge your debts through various means, including the liquidation of assets and establishment of more realistic payment plans. Mostly importantly, bankruptcy gives you the opportunity to move forward in life unhindered by financial hardships resulting from past mistakes or unexpected occurrences.

The bankruptcy process also involves taking credit counseling and financial management classes. You will learn how to remain debt-free in the future, more effectively manage your money and rebuild your credit.

Bankruptcy Lawyer in New York

Overwhelming debt can result in a significant amount of anxiety and stress. While it is not uncommon for someone to experience financial difficulties at some time in the life, the reasons people get into debt can vary, such as:

Loss of employment
Unanticipated medical expenses
Divorce
Overspending
Excessive use of high interest credit cards
Bad investments
Not maintaining emergency funds

Price Law Group has assisted over 100,000 individuals and families eliminate their debts. We have the experience, resources and know-how to help you regain your financial viability, regardless of the complexity of your circumstances.

If you are struggling financially, contact a New York Bankruptcy Attorney from our offices today to get reliable advice on bankruptcy and other solutions to overwhelming debt.