bankruptcy lawyers long island, ny bankruptcy lawyer, new york bankruptcy lawyers, loan modification help, loan modification attorney
Header image

No Games of Phone Tag

Posted by Alex in bankruptcy - (0 Comments)

bankruptcy lawyer Long IslandFiling for bankruptcy is an extremely stressful ordeal, realizing that you’ve dug a hole too deep to climb out of. The thought of having to start all over is scary. It’s a harsh reality that one must inevitably swallow.  But at least when you choose excellent Long Island bankruptcy lawyers, you do not have to go through the process alone. With their help, they can guide you every step of the way. Or so you would hope.

This is the difference between other NY bankruptcy lawyers and the offices of Adam C. Gomerman. Other lawyers might give you the run around. They take on too many clients and you feel like just another file in the stack. You end up playing a game of phone tag, hoping they will call you back so you can get the process done and over with. Not here though. Phone calls are always promptly returned and we always make the time to see you. You will never feel rushed out of a meeting, never leave with questions unanswered.

Every case is important and every case should be dealt with efficiently, in a timely fashion. So if you want a smooth process when it comes time to file, visit LIBankruptcyLawyer.com today.

, ,

Bounce Back After Bankruptcy

Posted by Alex in bankruptcy - (0 Comments)

Bankruptcy has a potentially devastating effect on your personal life. You can feel down and blue. Even after you get everything worked out with a Long Island bankruptcy lawyer it can take awhile to get yourself out of the doldrums of bankruptcy. Here are some tips on how to bounce back.

First, make yourself a budget. Create a budget that you can live within and stick to it. It’s a great way to feel like you are getting control of your money and not letting your money control you.

Secondly, make sure you pay all of your bill on time. Since you’ve got yourself a budget that you’ve weighed expenses against income you should always have enough to pay your bills. Be sure to pay them on time and garner some trust from lenders and banks.

Lastly, get a credit card and watch your credit score. Building up good credit is a great way to regain your feet in the financial world.

These tips will help you after you’re done with the NY bankruptcy lawyer. Bouncing back financially is only one part of your recovery. You’ll also need to bounce back emotionally as well. All of this is done in time, you can do it!

,

Be a Role Model for Your Family

Posted by Alex in bankruptcy - (0 Comments)

NY bankruptcy lawyersGoing through bankruptcy is no easy task. It’s scary. Period. The idea of having to financially rebuild can take years, not to mention it can be a real struggle. You have to build your credit back up and learn what it takes to make better financial choices. But if you’ve gone through bankruptcy before, you should take it upon yourself to teach the rest of your family about what it means to make good financial decisions.

One reason that attributes to some people falling into debt is lack of knowledge. You know what class was missing from school? How to balance a checkbook and how to live within your means. Instead, young people are just supposed to know how to be smart with their money. Easier said then done. More and more people are slipping deep into debt at younger ages because no one taught them how to curb their spending and how to manage their bank accounts. Instead, it’s left up to the parents.

But if your parents aren’t good at it, how are you supposed to be? Whether or not you’ve gone through bankruptcy or suffered from debt, you need to learn about it, implement it, and teach your children about it.

To learn more about bankruptcy and how you can rebuild, speak with a bankruptcy lawyer Long Island. NY bankruptcy lawyers can help you get back on your feet.

, ,

Filing for Bankruptcy? Cut Up the Credit Cards

Posted by Alex in bankruptcy - (0 Comments)

chapter 13 lawyerYou would think that when people consider filing for bankruptcy, they immediately stop using their credit cards. Sadly, this isn’t always the case and people continue spending money that they do not have. But if you’re just thinking about filing and not sure if you are going to, should you cut up your credit cards? How soon should you stop using them? Well, even if you’re just pondering the possibility of bankruptcy, that’s a good indication that you should refrain from spending any money.

But Long Island bankruptcy lawyers recommend that you stop using all cards as soon as you anticipate filing. The courts are allowed to review any questionable purchases for potential fraud. Any purchases made 40 days prior to the filing may be excluded from the bankruptcy and will be dismissed. Cash advances taken within 20 days of filing also have the potential to be dismissed. It’s best to not take that risk. As soon as you’re sure, do not use the cards.

If you are unsure about funds being dismissed, speak with New York bankruptcy lawyers right away. They can guide you through the process and better inform you about what necessary steps you have to take. Visit LIBankruptcyLawyer.com today for more information.

,

A Few FAQ and Answers

Posted by Alex in bankruptcy - (0 Comments)

bankruptcy lawyers Long Island

There are a lot of questions when it comes to understanding Chapter 7 and Chapter 13 law. We don’t expect you to know everything about bankruptcy and that’s why you come to expert bankruptcy lawyers Long Island for sound advice and answers. Let’s go over a few frequently asked questions and provide you with the answers you need.

  1. “Will I lose my retirement or Social Security funds?” No, retirement accounts are not considered property nor are they thought of as assets. Any Social Security benefits are protected as well if they can be identified as SS benefits. They should be in an account with just deposits from SS.
  2. “Can I remove bankruptcy from my credit report?” Sadly, no you cannot. You can, however, file an explanation with the credit reporting agencies.
  3. “Will creditors continue to contact me even after I file?” Creditors are required by law to stop any and all efforts to collect from you once you have filed. However, if they still continue to call, immediately notify the creditor in writing that you have filed for bankruptcy and provide them with a copy of the petition.
  4. “How long does a bankruptcy stay on my credit record?” A bankruptcy will stay on your credit reports for 7-10 years.

, ,

Do I Really Need a Bankruptcy Lawyer?

Posted by Alex in bankruptcy - (0 Comments)

NY bankruptcy laywersA frequently asked question is “Do I really need to hire bankruptcy lawyer in order to file?” The simple answer is no, you technically do not. It is possible to file without an attorney. People who choose this option are those who have no real assets or property. However, it’s really not recommended that you go through this process without the help of an expert bankruptcy lawyer Long Island. Would you feel comfortable representing yourself on trial? Or going through a divorce?

The truth is that you need someone who is there to basically have your back throughout the process. There are legal terms and restrictions that ordinary citizens just don’t know enough about. You don’t want to end up making a mistake with something as important as a bankruptcy filing. We’re talking about your property and other assets after all. If you file on your own, you might not be able to keep your car or home or possibly lower your mortgage rates.

There are a lot of nitty-gritty details that you won’t know because you didn’t go to law school. NY bankruptcy lawyers have been in the business for years. They have the answers you seek and can guide you through the process every step of the way. It certainly won’t be money wasted. It will be money well spent to help you get back on your feet.

,

Do Both Spouses Need to File?

Posted by Alex in bankruptcy - (0 Comments)

bankruptcy laywers New YorkWhen a couple is considering filing for bankruptcy, whether it be Chapter 7 or Chapter 13, many want to know if both spouses are required to file. The simple answer is no, both do not need to file jointly. They do, however, have the option to file as an individual or together. They are not required by law to file together. But that begs the questions, “Should we file for bankruptcy together?” That needs to be considered on a case by case basis.

A joint filing is only recommended when both people are responsible for a significant portions of the debt, regardless whether the debt was jointly accrued or not. A joint filing will save time, money, and lawyer fees in the long run. If one spouse is responsible for most of the debt, it is best for only one to file, especially if the other has a better credit record and little debt. If you file, will that affect your spouse? No, it shouldn’t affect the other’s credit rating or assets so long as there is no joint debt.

Before you make a decision either way, it is best to speak with a Long Island bankruptcy lawyer. They can better determine what the right course of action to take is. Speak with a bankruptcy lawyer New York today.

,

Don’t Lose the Home You Love

Posted by Alex in bankruptcy | foreclosure - (0 Comments)

bankruptcy lawyers Long IslandThere is a vast difference between a house and a home. A house is a place you live. It’s a roof over your head. A home what you make of it. It’s where you feel most comfortable, usually with your family. The idea of a home is just that, an idea. It’s a more of a mental feeling than a physical one. You can live in a house for several years and feel no emotional attachment to it. You move into another house, get married, start a family and suddenly that becomes your home.

Imagine losing both your house and home because of financial debts and bankruptcy. It’s a devastating feeling. You’ve worked so hard to turn that pile of wood into comforting place you call home and then it’s taken away in the blink of an eye. It might be hard to recover financially after filing, but it’s difficult to recover emotionally too. With the help of a foreclosure lawyer, you don’t have to lose your house. Many people who file for Chapter 13 bankruptcy are able to keep their house and save it from foreclosure. You must continue to pay your mortgage payments however.

Speak with a foreclosure lawyer today and keep that house a home.

Rough Times or Time to File?

Posted by Alex in bankruptcy - (0 Comments)

chapter 13 bankruptcy lawyerThe decision to file for bankruptcy is not an easy one. It’s incredibly complicated. No one just wakes up one morning and decides that filing for Chapter 13 law is a good idea. But how do you know if you’re just going through a rough patch or you’re on a complete downward spiral with no end in sight?

First you need to assess your finances. The easiest way is to create a spreadsheet with your debts and your income. Figure out if there is anyway you would be able to recover on your own. Would taking on a second job help? Is there anyway to curb your spending to help pay off your debts? If you just lost your job, don’t assume you won’t find a new one in a few months and be able to settle your debt.

If after looking at your finances you see no feasible way, speak with Long Island bankruptcy lawyers. They will then determine which course of action you should take. Don’t expect to walk in there and tell the lawyer you want to file. Their job is to help you assess the situation and determine what is the best course of action.

,

Personal Bankruptcy Fell in 2011

Posted by Alex in bankruptcy - (0 Comments)

NY bankruptcy lawyersA new year, a fresh start for many Americans. With such a troubling economy, it’s not surprising that there has been quite an increase in personal bankruptcy. But last year fewer Americans filed than in 2010. Only one out of every 175 filed for bankruptcy. That number still seems a bit high, but it’s an improvement and I’ll take that. Sadly, experts are predicting the number to increase again in 2012.

In 2011, filings fell 12% to 1.35 million Americans –including both Chapter 7 and Chapter 13 bankruptcy. That number is down from 1.5 million in 2010. Chapter 7 liquidation were down 17% compared to last year as well with Chapter 13 declining 25%. This marks the first drop since 2006. However, filings already started to increase in November and December of 2011, hence why many are fearing another increase. Nevada currently has the highest rate –one in every 88 residents which is twice the national average. California is next with one in 120 residents filing. Texas and New York have fared much better with one in 379 and one in 319 residents, respectively.

For more information about filing for bankruptcy, visit LIBankruptcyLawyer.com. Speak with NY bankruptcy lawyers before you consider filing. They’ll be able to explain the process and take you every step of the way. A foreclosure lawyer might even be able to save your home.

,