Long Island Bankruptcy Attorney

The prospect that you would one day face possible home foreclosure was inconceivable. However, one missed payment suddenly turned to several missed payments and now you are facing the dreaded foreclosure action. The Law Offices of David I. Pankin, P.C. can help you stop foreclosure and regain control of your finances. Contact our Long Island law firm for a free consultation to discuss your bankruptcy options with a skilled lawyer.

Mortgage Problems? Experienced Bankruptcy Counseling in Long Island

Our bankruptcy law firm helps homeowners stop foreclosure by filing for bankruptcy under Chapter 13 of the Bankruptcy Code. Chapter 13 bankruptcy allows consumers to reorganize debt - including overdue mortgage payments - into a manageable repayment plan which is paid back over the course of either three or five years. Rather than dealing with multiple creditors and late notices, one monthly payment is made to a bankruptcy trustee. In addition, interest does not accrue during the repayment period.

Chapter 13 bankruptcy is a legal remedy to stop foreclosure. Many people have questions about alternatives to bankruptcy, such as debt consolidation. However, there are many disadvantages to credit/mortgage counseling that make it unsuccessful for many people. However, under a successful Chapter 13 bankruptcy, you may not be required to pay back all of your debt AND you will be capable of keeping your home.

Keep your home, real estate and other property: Call our Long Island firm

Once you have filed for bankruptcy, all repossession and foreclosure proceedings must immediately come to a halt. Our Long Island bankruptcy attorney works with you to establish a manageable repayment plan which will be approved by the Bankruptcy Court. We are dedicated to protecting your rights and enabling you to make informed decisions about your financial future.

Contact Long Island bankruptcy attorney David Pankin by phone at 866-372-0591 to arrange for your FREE in-depth initial consultation. We'll work to stop foreclosure and manage other debt problems right away.