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Contact
The Law Offices of David I. Pankin, P.C.,
by phone at 888-LAW-9600 to arrange for your free initial consultation. |
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Despite the
recent changes to the bankruptcy laws, bankruptcy is still
an available option for consumers facing financial
difficulties. Just as in the past, The Law Offices
of David I. Pankin is ready to advise its clients on how to obtain financial
relief.
David I. Pankin has represented over 5000 clients on
bankruptcy, consumer protection and predatory lending matters.
David Pankin
and his legal team is dedicated to providing its clients with
experienced representation, individual attention and affordable
fees. Our consultations are free and convenient payment plans
are available. David Pankin is a member of the NY State
Trial Lawyers Association, the National |
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Assoc.
of Consumer Bankruptcy Attorneys and the Brooklyn Bar
Association.
What you should
know about
Bankruptcy
Bankruptcy law is a federal
law designed to assist individual consumers and businesses
facing financial difficulties. With respect to consumer
debtors, the goal of bankruptcy is to help individuals get
beyond their financial turmoil and obtain a fresh start.
The bankruptcy process involves preparing a petition that is to
be filed in federal court. The petition contains information
concerning an individual's assets, debts, creditors, monthly
income, monthly expenses and financial information. The debtor
must include all of its creditors in the petition. Upon the
filing of a petition, the court grants the debtor with an
automatic stay. The automatic stay is a provision in the
bankruptcy law that prohibits creditors from harassing debtors.
Specifically, creditors are prohibited from attempting to
collect money or obtain property, starting or continuing
lawsuits or foreclosures, freezing bank accounts and garnishing
a debtor's wages. In addition, creditors can no longer make
threatening phone calls or send collection letters to a debtor.
...Read More
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