Long Island, NY Bankruptcy Attorney
Discharging debt is the primary concern of any Long Island bankruptcy. In a bankruptcy discharge, a debtor is released from responsibility for specific debts. When a debt is “discharged” the debtor no longer has to worry about paying the debt and can no longer be held responsible for it in any way – it is an order that prohibits creditors or debt collectors from taking any collection efforts against the debtor. While filing for bankruptcy places an automatic stay on all debt collection efforts against the debtor, the debt discharge is what negates the debtor’s responsibility for that debt, permanently.
Not all debt may be discharged through bankruptcy. Finding out in what way your debt will be affected by bankruptcy is important, and a Long Island bankruptcy attorney at our firm can help you in this regard. We can discuss secured and unsecured debt, as well as the affects that bankruptcy may have on any tax debt you owe.