Eliminate Debt With A Custom-Tailored Legal Solution
When you’re in insurmountable debt, it is hard to know which bill to pay first. The anxiety of large, unpaid debt can be overwhelming. At The Law Offices of Eisenhut & Eisenhut, our bankruptcy attorney team provides knowledgeable guidance throughout the bankruptcy process. We do not judge; we understand. Let us help you regain financial control with a bankruptcy solution that helps you start over.
Benefits Of Chapter 13 Bankruptcy: Debt Reorganization
For 40 years, we have helped numerous New York individuals regain their financial confidence by completing the bankruptcy process. Filing Chapter 13 bankruptcy can offer many benefits in most situations, if you:
- Owe more on your car than it is worth
- Are behind several months on your mortgage
- Are at risk of foreclosure due to nonpayment
- Have huge amounts of credit card debt
In most of our clients’ cases, a Chapter 13 bankruptcy prevents foreclosure on a home and car repossession using a debt reorganization plan. This plan can be paid over three to five years with an affordable monthly payment. Also, your car payment and total debt owed on your car may be greatly reduced from the original amount of debt. You may only be responsible for the estimated value of the car and not the original price. If you are like most of our clients, when the debt reorganization plan is paid in full, you will be free of unsecured debt and current on mortgage and car payments.
Advantages Of Chapter 7 Bankruptcy: A Fresh Start
Filing a Chapter 7 bankruptcy may be advantageous if you qualify and have a large amount of unsecured debt. This is debt that is not secured or attached to any property, including:
- Credit card bills
- Payday loans
- Medical expenses
- Personal loans
Most of our clients who file Chapter 7 can eliminate most or all of this debt. Once bankruptcy is finalized, you should not owe creditors anything. This type of bankruptcy takes about three to four months. Learn more about Chapter 7 bankruptcy in a free consultation with an experienced lawyer.
Obtain Your Free, No-Obligation Debt Evaluation
We can help stop harassing debt collection calls and reduce the pressure of overwhelming debt. We also handle cases regarding loss mitigation. Contact us today for a free initial consultation to discuss your situation and our solutions. Call our Utica law practice at 315-982-6192 or reach out with an email for a prompt reply.
We are recognized as a debt relief agency, and provide bankruptcy relief using the laws of New York and the United States Bankruptcy Code.