The Fastest Way to Get out of Debt in New York City

“I need to get out of debt fast” is one of the first things that a new client usually says to us during a free consultation in New York City. When their needs are this urgent then their financial situation is likely already out of hand. They may have a home foreclosure or car repossession looming and their creditors are surely already harassing them day and night. We will start looking at all of their debt relief options immediately including filing for Chapter 7 or Chapter 13 bankruptcy protection. An emergency bankruptcy can be filed instantly if needed. Many people cringe unnecessarily cringe at the idea, but simply put bankruptcy is the fastest way to get out of debt and isn’t nearly as bad as most people think.

If you can repay your bad debts without filing bankruptcy it is probably a good idea. Many people however simply do not know when to throw in the towel. Instead of looking into bankruptcy protection they will liquidate valuable retirement accounts or assets that could have been protected by filing. Overwhelming debt is stressful. If you can’t repay your debts in a reasonable amount of time you should think about filing bankruptcy. It will give you an immediate fresh start and rid you of the stress of not being able to pay your bills. Bankruptcy will also eliminate wage garnishment and can even help with many tax problems.

Filing a Chapter 7 bankruptcy can permanently rid you of your debt troubles in as little as 3 months from your filing date. During this time your creditors will not be able to contact you, and if they do so could be sued for a hefty amount. Unsecured debts like credit cards, medical bills, personal loans and more will be “discharged” in the process and wiped away forever. Chapter 7 and the US Bankruptcy Code have the full power of the law behind them unlike the numerous alternative debt relief schemes out there. Chapter 7 is the quickest and most thorough way to get out of your bad debts forever. Choosing an alternative debt relief service because you want to avoid bankruptcy or because you are too afraid to file only complicates the process and delays the debt relief you deserve. Debt settlement firms offer no legal protections for their schemes, and if they are successful they are certainly not fast.

If you can’t make your ends meet and have creditors harassing you day and night consult with a bankruptcy attorney. It’s the place to start, and a consultation doesn’t mean you will be forced into filing bankruptcy. Most clients are pleasantly surprised to hear how fast a Chapter 7 bankruptcy can help. If you live in New York City contact the Law Offices of William Waldner online or at 212.244.2882 to arrange a free 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.