New York Chapter 13 Bankruptcy Attorneys

Avoiding Bankruptcy

Even though bankruptcy is a good option for people under severe financial strain, it is not always the right for everyone.  At Jacoby & Jacoby, we realize that not all people will benefit from filing bankruptcy, and our attorneys never pressure people into filing bankruptcy when it isn’t the best thing for them to do.  When you meet with a New York bankruptcy lawyer at our firm, they will take all aspects of your situation into account and will perform a thorough evaluation of your finances before advising you about what actions to take.  If claiming bankruptcy is not the best thing for you, your attorney will never pressure you into unnecessarily filing for bankruptcy. 

Fortunately, even if bankruptcy is not right for your situation, there are alternatives that may help ease your financial situation.  Bankruptcy can be good for those under severe financial strain, but it can have its disadvantages, so if it can be avoided it may be best to do so.  Even if they cannot help you with bankruptcy proceedings, an attorney from our firm can still help you get out of debt, avoid foreclosure, or get a better grasp on your overall financial situation. 

With the help of a bankruptcy lawyer, it may be possible to avoid filing Chapter 13 bankruptcy thanks to the following options:

• For individuals facing foreclosure, a loan modification agreement may be made so you can avoid foreclosure and bankruptcy.
• A short sale is another way to avoid foreclosure that does not involve bankruptcy.
• Selling assets may be a way that you can get increased cash flow to pay off debt.
• Adjust your budget and get rid of unnecessary expenditures. You may find that you will have enough money to pay your bills.

To learn more about how you can avoid bankruptcy, contact a New York Bankruptcy Attorney at Jacoby & Jacoby!