BANKRUPTCY

Trusted Bankruptcy Attorneys In Olean, NY & Beyond

When you have had a string of bad luck, when your debt has reached
a point where it no longer seems manageable, it can be difficult to see your options clearly. At Carr Saglimben LLP, our bankruptcy attorneys have years of experience helping clients in Salamanca and throughout Southern New York obtain much-needed debt relief.

We also serve the following communities

We will look at your case objectively and discuss your options with you. To schedule a free initial meeting to discuss your debt relief options, contact us online or call us today.

What Does a Bankruptcy Attorney Do?

Bankruptcy law can get complicated very quickly. An experienced bankruptcy attorney can help you through the process. Considering bankruptcy can be a stressful process, so it’s best to work with a knowledgeable attorney from the beginning. A bankruptcy attorney can help ease the burden and facilitate the process in the following ways:

Peace of Mind

While this is likely a new experience for you, a bankruptcy attorney has handled many similar cases. We have seen it all before, so we know what to expect and how to proceed. This can take a major load off your mind during a stressful time.

Navigate the Process

Bankruptcy law is complex. As experienced local resources, we will help you understand every step of the process as you progress. Whether we are explaining legal language or advising you on your best course of action, having a bankruptcy attorney on your team can help ensure that everything is handled correctly.

Handles Paperwork

Filing for bankruptcy involves filling out and submitting a mountain of forms, assembling financial records, and dealing with other paperwork. A bankruptcy attorney ensures that all paperwork is gathered, properly filled out, and submitted on time to keep your case progressing as intended.

Ensure Completion

Part of the responsibility of a bankruptcy attorney is to ensure that all follow-up and discharge is complete at the conclusion of your case. We can also help you take steps to rebuild your credit and build smart financial habits for the future.

If you are considering bankruptcy in the Olean, Wellsville, Chautauqua, Ellicottville, or Salamanca, NY area, Carr Saglimben LLP is here to help. We also help clients in the Bradford, Warren, and Coudersport, PA area. Reach out to us today to schedule a consultation! We will look at your assets, liabilities, income and expenses. If bankruptcy isn’t right for you, we will advise you on alternate debt relief options. If it is, we will advise you on which chapter best fits your needs

How Can A Bankruptcy Attorney Help My Current Financial Situation?

Reaching the point of deciding whether or not to file for bankruptcy can be a challenging time. However, if serious measures such as potential foreclosures or repossessions of your property could occur in the near future, filing bankruptcy can help relieve some of your debts. A bankruptcy attorney from Carr Saglimben LLP will assess your current situation and decide which form of bankruptcy you should file. From there, some advantages that come with filing are the following:

Automatic Stay

Once you file for bankruptcy, an automatic stay comes into effect. This prevents creditors from taking action against you regarding your debts, which helps to protect your property from being repossessed.

Navigate the Process

Although there are exceptions, most debts will be wiped out when filing for bankruptcy. This often includes debts from medical bills, personal loans, as well as credit cards.

Reorganizing

When filing specifically for Chapter 13 bankruptcy, the debtor is provided time to reorganize his/her debts. For non dischargeable debts including child support and alimony, a debtor can catch up on these payments without the constant threat of repossession from creditors. Let a bankruptcy attorney from Carr Saglimben LLP help you during this period of financial troubles. Contact us today!

Meet With Our Chapter 7 Bankruptcy Attorney

In a Chapter 7 bankruptcy, you can get rid of most unsecured debt, including credit cards, medical bills and car payments. Any of your property that is not exempt, however, can be taken by a trustee to distribute as money to creditors. In most cases, you would be able to protect your home and your car.

Get Help With Chapter 13 Bankruptcy

A typical person seeking Chapter 13 bankruptcy has had a financial problem in the past leading to a debt that they just cannot keep up with. Chapter 13 filers make manageable payments to a trustee over a 3-to5-year period. If you are behind on your mortgage, the mortgage arrearages can be made up through the Chapter 13 plan. If you are in Salamanca or in the surrounding area in Western New York and need a bankruptcy lawyer, we can discuss your debt relief options with you. For a free initial consultation, call us or contact us online. Our bankruptcy attorneys only serve clients in New York.