Suffolk County Bankruptcy Lawyer
Long Island Bankruptcy Attorney
A family facing overwhelming debts can feel like there is no way out and have no one to turn to. Sadly, millions of Americans are facing this reality. With the increase in job losses, many have fallen behind on their debts and have been unable to repay them. If you find yourself in this position, please be aware that there is hope for you. A Long Island bankruptcy attorney in Suffolk County can assist you in turning your financial situation around with credit counseling and other legal debt solutions. The Law Offices of Scupp & Berman, LLP have been helping clients with their debt problems for over 20 years.
Our legal team understands the difficulties and worries that go along with debt problems. Creditor calls, threats of lawsuits or wage garnishments can all be confusing and frightening. By retaining our office, you can be free from this part of the stress and anxiety almost immediately. No creditor may contact you directly once you retain our office as your legal counsel. Your attorney will sit down with you and discuss your personal financial situation in a confidential consultation to help you determine your best choice for resolving your debt problems. Once we have established that, our firm will proceed with taking the necessary actions to begin to resolve your debt situation.
Find out more about the bankruptcy procedure and other debt solutions by visiting our pages below:
Recent Changes to Bankruptcy Laws
On December 23, new laws were passed amending the previous Homestead Exemptions, which have now been significantly increased, allowing individuals with higher value homes to file for bankruptcy and retain their home. The values for real estate, personal property, art, jewelry, motor vehicles as well as additions of new categories have all been amended to increase the exemptions allowed when filing for bankruptcy. Overall, the increases include nearly $40,000 in overall changes, depending upon the location you are filing in New York, as well as if you choose Federal exemptions or the New York exemptions.
For many Western New York counties the total exempt value of real estate has increased a significant amount to a maximum of $75,000. Other changes include up to $125,000 in Albany, Orange, Columbia and other specific counties, as well as up to $150,000 in exemptions for homeowners filing for bankruptcy in downstate New York in Kings, Queens, Bronx and other areas throughout New York. These huge changes mean that more people can comfortably file for bankruptcy to eliminate their debts and start the finances over fresh.
Build a New Life
By taking active steps to resolve your debt situation, you can begin the process of rebuilding your financial future. Our firm has the know-how to get your debts resolved in the best possible manner, either through discharge of your debts or a repayment plan. We can also assist you with budgeting and sound financial advice following your bankruptcy so you don't fall into the same situation again. You can count on our firm to be a strong legal advocate on your behalf, with your best interests in mind.
Contact a Suffolk County bankruptcy lawyer
for effective and caring legal help when facing overwhelming debt.