Top 5 Reasons Why You Need an Attorney for Bankruptcy Help

If you have been thinking about filing for bankruptcy, there are some situations where it makes sense to do so immediately. Filing for bankruptcy will bring foreclosure to a halt, and you will not have to worry about losing your home.

You will be tempted to file on your own, thinking it is a straightforward process. Credit companies will fight you to the death, and that is why you need to look for an experienced bankruptcy attorney. You can reach out to the Law Offices of Scott R. Schneider if you are looking for bankruptcy legal help. Here are some of the reasons you should consider filing for bankruptcy right away.

1. Your Landlord Is Trying To Evict You

Filing for bankruptcy will also stop any eviction proceedings. This will give you time to come up with an emergency solution for your situation. You can look for ways to come up with rent money. Filing for bankruptcy will not help when the landlord already has a judgment for possession. 

2. When Starting a High Paying Job

You are probably wondering why you should be applying for bankruptcy when you have just started a high-paying job. For you to qualify for Chapter 7 bankruptcy, you must pass the means test. This test will look at your average income for the last six months.

When you get a high-paying job, the mean income will be increasing every month. That is why you must file for bankruptcy as soon as possible.

3. Lender Wants To Possess Your Vehicle

Filing for bankruptcy will put to a stop any efforts by the lender to possess your car. This gives you some time to catch up on payments, but you will not have the protection for long. Chapter 13 allows for filers to include back payments for cars in the plan.

 There is no reason you should let the lending company possess your car when there is a better alternative. Seek out a Chapter 13 lawyer for advice in these situations.

4. You Expect To Get Property Soon

You are allowed to keep the property that you have received after filing for bankruptcy. This ensures that you are not losing your newly acquired property to auctioneers. It is important to consult with a bankruptcy lawyer to learn about available options if you expect to receive property.

5. Divorce

This is another reason why a lot of people file for bankruptcy. A divorce case can have serious financial implications. It might not be possible to maintain the same lifestyle after a divorce. This will force you to adjust, and you could find it hard trying to cope.

If you have been struggling to pay your bills and are worried about the future, the Law Offices of Scott R. Schneider can help. We specialize in bankruptcy law for individuals with debt issues who want relief from their financial burdens through a Chapter 7 Bankruptcy filing or other type of bankruptcy protection.  We offer free consultations, so contact us today at +1-516-262-6493 if you would like our expert advice on how to get out of debt and start fresh again financially!

The  Law Offices of Scott R. Schneider Serves the New York communities of Hicksville, Jericho, New Cassel, Bethpage, Levittown, Plainview, Westbury, East Meadow, Syosset, North Wantagh, North Bellmore, South Farmingdale, North Merrick, North Massapequa, Uniondale, Wantagh.