Long Island Bankruptcy Lawyer
New York City Bankruptcy Attorneys
Since 1978, the bankruptcy attorneys at the Law Offices of Elliot Schlissel have been helping New Yorkers who have financial difficulties. In today’s fast moving world built on credit, New Yorkers sometimes find they are behind on their credit card payments, their car payments and their home payments. Unforeseen problems, such as medical emergencies, family difficulties, illnesses, and loss of employment or being downsized can have a negative effect on a family’s financial condition. Our attorneys understand the turmoil faced by men and women related to financial problems. We extend a helping hand to our clients. We help them deal with all of the problems being in debt causes!
What Is Bankruptcy?
Bankruptcy is a legal proceeding whereby individuals submit documents to a Bankruptcy Court showing their current inability to pay their debts. The purpose of the bankruptcy statute is to give debtors “a fresh start.” There are two types of consumer bankruptcies. Chapter 7 is a bankruptcy which involves the liquidation of a debtor’s non exempt assets, which usually amounts to the liquidation of none of their assets because there are no non exempt assets worth liquidating. In the Chapter 7 bankruptcy most debtors pay nothing and discharge all of their debts! The Chapter 13 bankruptcy is a repayment plan where a debtor pays a percentage of his or her debts off over a period of time.
Dedicated, Experienced Bankruptcy Lawyers
The Law Offices of Elliot Schlissel have built a reputation for more than 30 years of providing reasonably priced, consumer oriented legal services to individual facing debts that they can’t pay. Whether your home is in foreclosure or the credit card companies are harassing you, we can eliminate these problems. We can keep you in your home and stop foreclosure proceedings in their tracks! At the end of your bankruptcy proceeding we can educate you as to how you can rebuild your credit. Bankruptcy is nothing to fear. It is an escape valve necessary for a capitalist society. If you have questions or concerns, call us. We can help you.
Contact the bankruptcy lawyers at the Law Office of Elliot Schlissel today. Set up an appointment for a free consultation to find out how bankruptcy can help you with your financial problems. Our phones numbers are 516-561-6645, 1-800-344-6431 and 718-350-2802.