Alternatives to Bankruptcy in New York City

If you are looking for an alternative to bankruptcy in New York City you have probably already fallen way behind on your bills, have lost your job or are dealing with a medical crisis.  Less powerful and more risky alternatives to bankruptcy do exist, but if you are ruling out bankruptcy as a solution before looking into the facts you are doing yourself more harm than good.  Bankruptcy is not for everyone in debt.  You should explore all of your debt relief options but the place to start is with a bankruptcy attorney.  If you are in serious debt avoiding a free consultation with a bankruptcy attorney can be a recipe for disaster.   All too often clients come to us after signing up with a debt relief company that only made matters worse.  Had they come to us in the first place we could have avoided much of the problems created and helped them protect more of their money and save more of their assets.

Consulting with a bankruptcy attorney is an easy process.  It is not like buying a car.  Your attorney is not going to trick you into filing bankruptcy if you shouldn’t.  Unlike many debt consolidation companies an attorney is not going to hard sell you on your debt relief options or forget to tell you about the negative consequences or tax implications of debt settlement.  Most attorneys are simply not interested in filing bad cases.  Anyone who calls a debt consolidation company on the other hand is relentlessly sold on their program.

Looking for an alternative to bankruptcy is wise, but only if you are fully aware of what bankruptcy can actually do for you.  The stigma surrounding bankruptcy can feel strong.  You may have heard from your family or coworkers or friends that it will ruin your life.  The mass media and big banks that got you into trouble in the first place are happy to echo this sentiment as well.  The truth is bankruptcy is the only form of debt relief that has the full power of law behind it.  If you qualify for bankruptcy there is no question that your debts will be forgiven and you will be given a fresh start on your finances.  There will be no lingering issues from your creditors or the IRS, and you will not lose your home, car, or retirement accounts.  Much of you cash and many of your valuables will also be protected.  Your boss, landlord, and in-laws are unlikely to ever find out about your bankruptcy filing.  Millions of people are helped by bankruptcy every year in the US.

So if you are in debt and asking about alternatives to bankruptcy first ask yourself why.  Do your really know the facts?  Bankruptcy is often the right solution for people in debt and there is no harm in learning about how it can help your situation. If you live in New York City contact the Law Offices of William Waldner online or at 212.244.2882 to arrange a free bankruptcy consultation today.  We only practice bankruptcy law and maintain a 99% Chapter 7 bankruptcy discharge record in New York City as of 8/31/16.

**** DISCLAIMER: This article is intended for educational purposes only. By reading no attorney-client relationship has been created. Prior results do not guarantee a similar result for future clients.