Long Island, NY, December 21, 2011 --(PR.com
)-- Adam Gomerman, a Chapter 13 bankruptcy lawyer available online at http://www.LIBankruptcyLawyer.com, is promoting his debt relief services for New Yorkers worried about losing their homes. An alternative to Chapter 7 law bankruptcy, Chapter 13 debt relief often makes it possible to arrange a manageable payment plan without surrendering personal assets.
"Many people don't realize that declaring Chapter 13 bankruptcy makes it possible to keep both your home and your car; in fact, you can keep all of your assets. For some, a structured payment plan under Chapter 13 law is the logical move, while others can benefit the most from a 'fresh start' filing under Chapter 7. Our Long Island bankruptcy lawyers are here to help homeowners evaluate their options and take action," Gomerman said.
A more long-term debt relief solution than Chapter 7 law, Chapter 13 bankruptcy can last from 3 to 5 years and is recommended for homeowners in or close to foreclosure, Gomerman advises. During this window, the homeowner can continue to make home and car payments, in addition to a monthly payment to an assigned bankruptcy trustee under Chapter 13 law. The trustee will distribute the payments to cover the homeowner's mortgage, tax, and car payment arrears, with a portion of the money going towards credit card debt, personal loans, medical bills, and other unsecured debts.
The benefit of paying through a designated trustee, the Chapter 13 bankruptcy lawyer notes, is that it enables homeowners to consolidate debt and pay through a single point of contact. In fact, mortgage companies, creditors, and other organizations receiving payments via trustees are forbidden to contact debtors directly by phone or mail during the 3-to-5-year period. After this time, homeowners can return to paying their mortgages and car payments and usual, and cannot be discriminated against by mortgage companies for filing under Chapter 13 law.
"Not everyone understands the difference between Chapter 7 and Chapter 13 law, or which bankruptcy model works best for them. The Law Offices of Adam C. Gomerman provide free, confidential consultations to explore debt relief options in a pressure-free environment. Our Chapter 13 bankruptcy lawyers have filed thousands of cases in our more than 20 years of service, and we treat every case with the care and attention it deserves," Gomerman said.
To find out more about The Law Offices of Adam C. Gomerman, visit http://www.LIBankruptcyLawyer.com or call (631)BANKRUPT. The foreclosure lawyer team is also available on Twitter and Facebook at http://twitter.com/LIBankruptcyLaw and http://www.facebook.com/LIBankruptcyLawyer, with a bankruptcy lawyer NY blog at http://www.LIBankruptcyLawInfo.com.