One of the most common complaints we hear from our clients is that their creditors will not stop calling them. When you take legal action to resolve your debt situation, your creditors are no longer able to pursue you for repayment of your debts. When you retain the services of Smith & Messina and inform your creditors of your legal representation, the calls should stop. If a creditor continues in his or her debt collection attempts, it will be cited as a violation of the Federal Fair Debt Collection Practices Act (FDCPA).
Filing for bankruptcy, in most cases, will stop a lawsuit at once and prevent your creditors from placing a lien against your property. Whether you have been sued in a credit card lawsuit, a foreclosure, or repossession of property action, you should seek the legal help of our firm at once. We can defend your best interests and help you obtain a resolution.
Filing for a Chapter 7 bankruptcy can stay a foreclosure action and delay the sale of your home. An "automatic stay" will arise the moment a bankruptcy is filed, which will stop any foreclosure process. Chapter 13 bankruptcy may be able to prevent the sale of your home altogether. Bankruptcy can allow you to consolidate your mortgage arrears and make payments over time through a repayment plan.
Bankruptcy can remain on your credit report for up to 10 years. You can, however, begin to reestablish your credit immediately after you receive a discharge. You should obtain a credit card and promptly pay back your debt. Lenders will consider many factors when determining whether or not to provide you with credit, including your debt-to-income ratio. Our firm can help you rebuild your credit, even after filing.
You will be required to attend a first meeting of creditors, known also as a "341 meeting." As your bankruptcy attorney in Buffalo, I will attend the meeting with you. It will be held in a hearing room, not in a courtroom. During this meeting, the trustee will ask you a variety of questions regarding your bankruptcy. Our firm can prepare you for the meeting and answer any questions that you may have. We are prepared to remain by your side through the entire case.
Our firm's bankruptcy lawyer was selected for inclusion in the Super Lawyers® Edition of 2014 & 2015, which is an acknowledgment that sets us apart from other firms in the area. We have the knowledge and experience necessary to help you through each step of your case. Call today!