In a Time of Financial Loss, Look for Ways to Mitigate
Contact an Experienced Bankruptcy Attorney for Advice and Assistance
Financial distress results from a variety of losses for many people. Loss mitigation addresses the most effective ways to minimize the impact of financial losses. Contact us to schedule a free initial consultation with experienced bankruptcy attorney Benjamin M. Adams. Discuss the most effective path to debt relief in your situation such as the following:
- You may be recently divorced or widowed and now face financial obligations that you cannot handle on your own.
- You or someone in your family may have suffered a health crisis such as cancer, an accidental injury or development of a chronic condition. Medical bills and time missed from work have left you financially drained and overwhelmed.
- The real estate market and the recessed economy have left you with more obligations than your income can cover. You may be "upside down" or "underwater" with a mortgage that is valued at more than what your home or other real estate property is worth.
- You accepted creditors' predatory lending schemes, resulting in overextended consumer credit including credit card bills and other consumer loans such as car loans, boat loans, home remodeling loans or vacation loans.
- Other types of financial obligations that you cannot change, such as student loans and child support obligations, crowd your ability to meet unsecured debt minimum payments or keep up with your rent or mortgage.
Adams Law Group, LLC, is a valuable resource for New Yorkers facing financial losses and difficulties. Attorney Adams has been involved in loss mitigation implementation of corporations as well as business owners and individuals. For many people today, loss mitigation will include one or more of the following:
- Chapter 7 bankruptcy for consumers who qualify through a means test
- Chapter 13 bankruptcy, or debt reorganization, for consumers with income or assets over the exempt amounts according to the federal Bankruptcy Code
- Fighting back against repossession, wage garnishment or bank account levies by any legal means possible. The "automatic stay" that a bankruptcy filing puts into effect will stop all such collection tactics.
- Alternatives to bankruptcy such as credit counseling or debt settlement
- Foreclosure defense or foreclosure avoidance through a short sale or a loan modification
Contact us to schedule a free consultation with experienced Rockland County and New York City loss mitigation lawyer Benjamin M. Adams.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
