Keep Your Property and Get Answers You Need in New York
Prior to filing for bankruptcy or using other means of debt relief, it is important to fully understand your rights and what the best options are for your individual situation. Not every situation is the same and bankruptcy may or may not make sense for accomplishing your financial goals. If you are worried about keeping your home, car or other property, getting honest answers and advice is the first step toward finding a successful resolution.
Credit counseling from an approved credit counseling agency is required before a person in debt can file for bankruptcy. This counseling is designed to give debtors basic answers that will dissuade them from abusing bankruptcy and will provide advice about debt relief and preserving assets. At the Law Offices of Nathan Erlich, P.C., we can help you obtain credit counseling from an approved agency before filing for bankruptcy.
Contact our firm to learn more information about credit counseling and protecting your assets through bankruptcy. Schedule a free consultation with a lawyer at our Forest Hills, Queens, office or at our other locations throughout the Five Boroughs of New York City.
Credit Counseling Requirements
The Bankruptcy Abuse Prevention and Consumer Protection Act, enacted in 2005, states that a debtor must receive a briefing from a nonprofit credit counseling agency no earlier than 180 days before filing for bankruptcy protection. This briefing can be via the Internet, by telephone or in person but must provide opportunities for available credit counseling and budget analysis. Our firm can help you find an approved agency and make an appointment for a briefing.
Preserving Assets and Avoiding Foreclosure
If you are facing credit card debt, medical bills and other forms of debt, it can be difficult to make house payments, car payments and payments on other assets. Avoiding foreclosure and preserving assets can be difficult and bankruptcy may allow you to keep your home, car and other property. If you simply cannot make the payments as necessary, you may be able to arrange a short sale that will allow you to avoid foreclosure.
Contact the Law Offices of Nathan Erlich, P.C.
Learn more about mortgage problems and effective solutions from attorney Nathan Erlich, who has more than 20 years of experience in bankruptcy law. Get advice and representation for your debt relief from our firm by contacting us and scheduling a free initial consultation. Call toll free to make an appointment at 877-518-7581.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
