Syracuse Bankruptcy Attorney Craig Humpleby

Filing For Bankruptcy In Syracuse, NY

Is Filing a Syracuse Bankruptcy Petition Right for You?

In Syracuse, New York, bankruptcy options are just as important as anywhere else in the U.S. Financial hardship can happen to anyone. An unexpected accident, illness or job loss can create a financial hole that seems almost impossible to climb out of.

In some cases bankruptcy may not be the right choice. In that case, you’ll need to know about the other options available to you. A clear understanding of the bankruptcy process is an important part of making the right choices.

Why File Bankruptcy?

Bankruptcy is a way to gain control over your financial situation. There are so many reasons that can create the type of financial chaos that make keeping up with monthly bills seem impossible. Divorce, job loss, an unexpected illness or accident are just a few circumstances that can throw your finances into a tail spin. In a city like Syracuse, bankruptcy options that are available can make it easy to put an end to piling up debt once and for all and start over with a clean slate.

Which Type of Bankruptcy is Best?

There are several Syracuse bankruptcy options available. The two most common are chapter 7 and chapter 13. Chapter 7 bankruptcy focuses on liquidating assets where as chapter 13 is a process of reorganizing your debt by initiating a three to five year debt repayment plan. If you meet the criteria to file chapter 13, you can also petition to keep certain assets like your home and car.

Put an End to Annoying Calls from Creditors

Few people would argue that one of the most annoying parts of falling behind on your bills are the annoying letters and phone calls from creditors. Maybe it’s the financial stress of the situation or something else that makes these calls difficult to bear, but bankruptcy can make things much easier.

A bankruptcy discharge is a legal order that releases you from personal liability of a debt. It also prevents creditors from contacting you in any way to collect on the debt in question.

Syracuse Bankruptcy Attorney Consultation

If you’re still not sure whether or not bankruptcy is the best solution to your problems, you can make an appointment to speak with a Syracuse bankruptcy lawyer. A legal experts can walk you step-by-step through the complex bankruptcy laws and provide you with the answers you need. If bankruptcy is not the best option for you, a lawyer specializing in bankruptcy can suggest other viable options.