If you are faced with mounting debt and feel like there is no way out, then bankruptcy may be the solution you need. At Melvin & Melvin, we understand the stresses that financial problems can cause. Talk to one of our Bankruptcy Attorneys today about your debt relief options, and we will help you develop a personalized solution that best fits your circumstances.
We understand that everyone’s financial situation is different. That is why we will take the time to develop a personalized approach that fits your financial needs and goals. We will evaluate your finances, and develop a plan that is right for you. Your personalized approach may include bankruptcy, credit counseling, or negotiating with your debtors. For credit counseling or debt negotiation, we will arm you with the information you need to make informed decisions, and help you with your creditors. If it is bankruptcy, we will tell you what you can expect during the bankruptcy process, including any issues that may arise in your case and how to avoid them.
Our Bankruptcy Attorneys will guide you through the entire bankruptcy process. We will review your income, expenses, debts, and assets to determine which type of bankruptcy is best for you, then prepare the paperwork to be filed with the court. After your petition is filed, we will also attend the First Meeting of Creditors with you, where the bankruptcy trustee asks you questions about your finances. We will also assist you with any motions or hearings that arise, whether they are filed on by you, your creditors, or the trustee.
Once your case is filed, an “automatic stay” goes into effect, and your creditors will no longer be able to call or contact you about your debts. Other collection efforts must also cease. So if a creditor has a garnishment against your wages, or your bank account has been frozen, they must be removed.
Bankruptcy is intended to give you a fresh start. After several months, those who file under Chapter 7 are usually given a discharge, and most, if not all, of their debts, are eliminated. If you file Chapter 13, you will need to make plan payments, which are then distributed to your creditors, for a period of three to five years, after which your remaining dischargeable debts are eliminated. Even if you have some debts that cannot be discharged in bankruptcy, it is possible to emerge from bankruptcy better able to handle those debts that are cannot be discharged, or those for property you choose to keep, such as your home or car.
If you are struggling with debts, please contact our Bankruptcy Attorneys to determine whether bankruptcy is right for you.
We also do collections
Melvin & Melvin, PLLC’s commercial and bankruptcy practice is creditor-oriented.
Our active collection practice uses a staff of full-time paralegals under close attorney supervision. The Collections Department serves many commercial and bank clients and uses all available techniques to recover secured and unsecured debt.
We routinely employ rigorous post-judgment devices often ignored by “collection mills”, such as
- contempt and arrest
- sheriff’s sales of tangible and intangible property
- third-party restraints
Our modern technology enables us to provide high-quality legal services aggressively and expeditiously. We work in all areas of commercial and consumer debt enforcement.
The one aspect that sets us apart from other collection attorneys is that we work diligently to recover every dollar owed to our clients. Our territory includes the entire state of New York, excluding the boroughs of New York City and Long Island.