Credit Card Debt Relief: How New York Attorneys in Suffolk, Nassau and Long Island Help Debtors Eliminate, Lower, or Reorganize Debt and Save

Homes

When an individual is suffering through credit card debt, an attorney specialized in debt relief

may be the key to finding an effective and affordable solution.  Harassing phone calls from

creditors, mounting liabilities through a variety of credit cards, and overall stress associated with

such a financial crisis can leave a person distraught and feeling overwhelmed.  Oftentimes,

creditors are unwilling to negotiate with individuals who carry a balance on their credit cards,

opting to use manipulative rhetoric of fear and coercion to frighten debtors.  Debt relief attorneys

who specialize in bankruptcy, foreclosure, loan and mortgage modifications are there to help

individuals who are experiencing such financial issues.

The average person with credit card debt may not realize it, but there are a variety of ways an

attorney can tackle debt issues.  Because the laws regarding credit vary from state to state, the

debtor will have to contact a local attorney.  New York attorneys can work with credit card

companies to negotiate new terms and settlements whereby a debtor may end up paying only a

fraction of what they owe at a pace they can afford.  Filing for bankruptcy is a complex process

only an experienced attorney can guide an individual through.  Long Island, Nassau, and Suffolk

bankruptcy attorneys can help clients navigate their way through the pros and cons of filing

while simultaneously eliminating credit card bills.  These attorneys in certain situations can also

help clients challenge credit card responsibilities by litigating them in court.

Not only are there a variety of ways a lawyer can confront debt issues, there are also many laws

and processes the average debtor simply is unaware of that lawyers utilize to help a client get

out of debt legally and quickly.  For example, one interesting loophole involves a statute of

limitations for credit card debt.  While each state has different laws, if a debt has been

outstanding in New York for longer than six years, a debtor has no legal obligation to pay. 

Debts are bought and re-sold by a series of debt collectors before they are finally bought by

debt collection attorneys who then sue debtors in state court.  If this process has taken longer

than six years in New York state, an attorney will be able to successfully defend an individual or

business under this statute of limitations law.

A bankruptcy attorney in Long Island, Suffolk or Nassau can also help a debtor navigate the

complex process of filing for Chapter 7, 11, or 13.  Choosing how to file for bankruptcy as well

as what assets may be jeopardized or debts can be reorganized are all questions that can be

answered by a skilled New York bankruptcy lawyer.  When executed properly, those with debt

may be able to save homes and other assets as well as eliminate credit card obligations with

bankruptcy.

 According to national statistics on credit, 39% of those with a credit card carry a balance from

month to month.  55% of all families with credit cards carry a monthly debt and approximately

half of those with outstanding balances have had to pay some healthcare costs out of pocket. 

Credit card debt is nothing to be ashamed of.  Very often, unforeseen expenses like healthcare

or maintenance costs must take priority over monthly student loan payments or other loans like

mortgages.  To save homes, relationships, and to get credit back in order, a debt relief attorney

can help individuals and businesses find solutions fast and easy.

For more information visit us at http://www.ny-bankruptcy.com