With millions of Americans all over the United States dealing with crushing debt, it should come as no surprise to anyone that so many people end up resorting to a bankruptcy proceeding to get the clean slate and fresh start that they’ve been hoping for.
Understanding that there are options and opportunities in front of you even when the debt seems to continue to mount up and pile up right before your very eyes – with the collectors calling every single day at the most inopportune times – is the most important part of this process. Not only have millions of Americans already move forward with a bankruptcy proceeding successfully, but many people right here in Long Island have done so as well with the help of the best bankruptcy lawyer services.
Here at Blutter & Blutter, we are proud of the 55+ years of combined service that we’ve been able to offer this Long Island community. Working closely with each and every single one of our clients, we have gained an amazing reputation for being the very best bankruptcy lawyers in Long Island – and it’s a reputation that we look protect every single time we head into the office.
Providing a number of very specific bankruptcy solutions for every single one of our clients, we hope that you will contact us directly at your earliest convenience to set up a 100% free consultation. You’ll be able to get a fantastic idea of what our legal services bring to the table, and we will be able to provide you with an idea of your specific situation – as well as some actionable steps you may be able to use moving forward.
It’s critical that you understand the “ins and outs” of the different bankruptcy proceedings that you may be interested in taking advantage of before you do absolutely anything else.
While certainly not as complete and comprehensive a list of information as we like to provide, it is a general overview of the different bankruptcy processes that most people in the Long Island area have move forward with in the past. If you’re looking for more specific advice, just contact us at our legal office and will be glad to talk!
Understanding Chapter 7 bankruptcy
Far and away the “most popular” form of bankruptcy that people in the Long Island area decide to move forward with, it’s critical that you understand exactly what Chapter 7 bankruptcy brings to the table before you proceed.
Any bankruptcy attorney will be able to tell you whether or not Chapter 7 bankruptcy is right for your specific situation – which you should have an idea of whether or not you’ll want to use this bankruptcy process before you meet with anyone.
The basics of Chapter 7 are rather simple. Once you have filed for this bankruptcy process to move forward, you’ll begin the process of turning your non-exempt property over to the executor of your bankruptcy proceeding. Not only will the executor take sole ownership over all of your nonexempt assets, but they will also begin the process of selling off those assets in liquidation sales in an effort to pay off the debt that you have already accrued.
Certain things will remain exempt, though you’ll need to negotiate over those things before you sign on the dotted line, so to speak, when it comes time to move forward with Chapter 7 bankruptcy. The home you live in, the vehicle that you need for work, and the tools or technologies that you might need to perform your daily duties are almost always exempt, the odds are fantastic that you’ll need to fight for some things to earn nonexempt status.
That’s where the help of the right bankruptcy attorney service comes into play, especially a service like the one that we provide. We will be able to guide you through the negotiation process so that you retain control over the most important assets you have – though you need to go into the situation understanding that some of them simply cannot be protected.
Understanding Chapter 13 bankruptcy
Though Chapter 7 bankruptcy is almost always the type of personal bankruptcy that Long Island residents decide to move forward with, Chapter 13 offers a unique spin on bankruptcy then you may be interested in investigating.
What this process does is consolidate all of your debt into a single lump sum, with the help of your bankruptcy lawyers. What happens next is that debt is officially assigned to a bankruptcy “trustee” (an independent and third-party person that has been selected by the bankruptcy court), whereupon you will pay them each and every single month a single payment until your debt is taking care of.
Obviously, this situation and scenario is only truly useful for those that are able to meet the monthly payments on time every time – even the best bankruptcy lawyer won’t be able to get you out of that sticky situation.
The reason that you need to lean on the right bankruptcy attorneys is simple and straightforward. Without their help and assistance during the negotiation phase, you’ll be forced to pay the sum of all your debts “as is”. By taking advantage of the negotiation expertise and experience provided by the very best bankruptcy lawyers, you’ll be able to negotiate that debt down dramatically into a number that is much more affordable for you in the short and long term.
Trying to decide between Chapter 7 or Chapter 13 bankruptcy
It’s absolutely impossible to advise you on whether or not one chapter of bankruptcy is better than the other for your specific situation without meeting you first in person and understanding of the specifics of your case – and it’s also amazingly it responsible.
You need to understand that this bankruptcy proceeding is going to revolve around the United States federal court system. This is not something that you can play around with, especially when you understand that the results of your bankruptcy proceeding will stay with you for the rest of your life.
Make sure that you set up a consultation with the right team of bankruptcy attorneys, and make sure that you are only working with the very best bankruptcy attorneys Long Island has to offer. Only those that have years and user experience, a reputation for success, and the kinds of connections that you can lean on moving forward will be able to get you out of this sticky situation almost unscathed.
How do I know if bankruptcy is the right decision for me?
Again, it’s absolutely impossible to try to tell you whether or not bankruptcy is right for you or if you should move forward with any different number of bankruptcy alternatives. There are a number of other solutions available to anyone and everyone in the Long Island community that allow you to completely avoid filing for bankruptcy – while getting many of the same results.
You’ll need to make sure that you contact the right bankruptcy attorney early in your bankruptcy process to take advantage of these bankruptcy alternatives. Debt negotiation, debt settlement, debt consolidation, and debt mitigation are all specific solutions that you might be able to use to give you that “clean slate” you’re after – but only the right bankruptcy attorney will be able to give you an idea of whether or not it can people to successfully.
Foreclosure may also be a fantastic “avoidance measure” that you decide to use to relieve crippling debt that is pushing you underwater – but again we are talking about specific advanced tactics and strategies that simply cannot be employed until you have spoken with the very best of the best bankruptcy attorney service.
You’d be more than a little bit foolish to trust your financial future to anyone – ANYONE – that is unable to provide you with a successful track record backed up by decades and decades of experience.
Moving through the bankruptcy process
If you are ready to get started moving through the different bankruptcy processes that are necessary, it’s important that you pick a partner that you can trust to assist you every single step of the way.
It would be wise to contact the legal offices of Blutter & Blutter at your earliest possible convenience, setting up an appointment for a 100% free and zero obligation whatsoever consultation. At this consultation, you’ll receive cutting-edge legal advice that you can use moving forward, but also you’ll get to see firsthand exactly why Blutter and Blutter has been rated the best bankruptcy attorneys in Long Island for years now.
After that initial consultation is completed, and you decide to proceed forward with the Blutter & Blutter legal services, the real “heavy lifting” begins. You will be asked to present and prepare a number of critical documents and other pieces of information that will play major roles in your bankruptcy or bankruptcy alternative process – but then you’ll be able to relax as the experts take over.
Using all of the resources available at their disposal, the professionals that Blutter & Blutter are going to be able to work on your case in ways that other bankruptcy attorneys simply cannot. Not only tapping into the human resources that they employ, they’ll also be able to lean on their decades of experience, but they’ll also be able to count on the skills, knowledge, and relationships that they’ve built up along the way.
This gives you a decided edge and advantage when it comes to successfully avoiding bankruptcy, or moving through the bankruptcy process to give you the clean slate that you’ve been searching for. Obviously, not all bankruptcy processes can be successfully navigated with the bankruptcy alternative solutions – and you may in fact be forced to file for Chapter 7 or Chapter 13 at some point – but you’ll have more than a fighting chance when you decide to proceed with Blutter & Blutter.
To top that all off, you’ll also be able to count on these legal representatives to be there every single step of the way throughout your bankruptcy filing process and after it as well. Not only will you get full legal representation and legal advice throughout the entire bankruptcy process, but Blutter & Blutter will also connect you with different professionals after your bankruptcy process has completed to help you rebuild your financial future moving forward.
Feel free to contact the legal offices of Blutter & Blutter at your earliest convenience to establish that initial consultation. It’s 100% free, carries no obligation whatsoever, and can only serve to benefit you as you move through this rocky and sometimes frustrating time.
Give yourself the best chance for success – decide to take advantage of the very best bankruptcy services available. Contact Blutter & Blutter today and see how they can help you begin rebuilding your financial future.