NYC Bankruptcy Attorney Helps Against Predatory Creditor Harassments
Creditor harassment is, unfortunately, a common issue for many people in New York City. If you are presently facing this stressor and feel overwhelmed, know that you are not alone, and this problem can be especially difficult to manage if you are struggling financially.
The creditors often don’t care about their behavior’s impact on the people they are harassing, and they just want to get their money back. This can create a lot of tension and animosity between the creditor and the debtor. It can also lead to more financial problems for the debtor, as they may be forced to take out loans or go into debt to try and avoid being harassed by the creditor.
All of this can be very frustrating and overwhelming for people struggling to make ends meet. Creditor harassment can cause a lot of stress and anxiety, which can harm people’s physical and mental health.
What Are Some Common Creditor Harassment Tactics?
There are a number of common creditor harassment tactics that debtors may experience. These include:
- Constant or repeated phone calls: Creditors may call a debtor multiple times per day in an attempt to collect on a debt. This can be extremely annoying and stressful for the debtor.
- Threats of legal action: Creditors may threaten to sue a debtor or take other legal action if the debt is not paid. This is usually an empty threat, but it can still be scary and stressful for the debtor.
- Wage garnishment: If a debtor owes money to a creditor, the creditor may try to garnish the debtor’s wages in order to collect on the debt. This can be a very difficult situation for the debtor, as it can make it difficult to pay other bills and meet other financial obligations.
- Bank levies: A creditor may also try to levy the debtor’s bank account in order to collect on a debt. This can be very problematic for the debtor, as it can lead to fees and other charges from the bank, and it may also make it difficult to access funds in the account.
- Property liens: In some cases, creditors may place a lien on the debtor’s property in an attempt to collect on a debt. This can make it very difficult for the debtor to sell or refinance their property, and it may also lower the value of the property.
When it comes to creditor harassment, hiring a bankruptcy attorney NYC can make all the difference. Bankruptcy lawyers know the law and how to protect you from predatory creditors and, most often, their harassing methods in collecting a debt. They can also help you work out a repayment plan that is more manageable for you.
What Can You Do If You Experience Creditor Harassment?
Bankruptcy prohibiting creditor harassment can be achieved by filing for bankruptcy. If you cannot make the minimum monthly payments on your credit cards, have fallen behind on your mortgage, or are at risk of repossession with one or more of your cars, Chapter 7 or 13 bankruptcy may be the best way to stop creditor harassment. Filing for bankruptcy immediately puts an automatic stay in a place that requires collection agencies and creditors to cease all attempts at collection and foreclosure against you.
Also, after you file for bankruptcy, your creditors are no longer allowed to contact you, and they must go through your lawyer instead. Suppose a collection agency or bank disregards this and contacts you anyway. In that case, we’re ready to ask for disciplinary action against them and look into compensation opportunities for our client under the FDCPA terms.
If you’re considering bankruptcy, you need to find the best bankruptcy attorney NYC has to offer. You want someone who will fight for you and help you get through this tough time. There are a lot of Staten Island New York Bankruptcy Lawyers, so it is important to find the best bankruptcy attorney that has succeeded in providing solutions similar to your needs.
If creditors are harassing you, contact a bankruptcy lawyer at The Law Firm of Joseph Lassen today for help.