About Me
“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”
Written by Craig D. Robins, Esq.Several times a month, without fail, clients come running to me to urgently file for bankruptcy relief because they put it off. Why did they come running? A creditor froze their bank account.
When a consumer has significant credit card debts, being sued is almost inevitable — it’s just a question of time. After being sued, it’s also just a question of time before the creditor (or their collection lawfirm to be exact), seeks to enforce the judgment. This often involves issuing a restraining order which freezes all bank accounts.
I wonder why these clients wait until the last minute to file bankruptcy. Some of them had even retained me months before, but then put off finalizing their bankruptcy petition and paperwork.
I suppose to many, bankruptcy is perceived of as an unpleasant experience, and it is human nature to put off unpleasant events. However, most of my clients feel extremely relieved once we do file their petition, and many comment that the proceeding went much smoother and painlessly than they anticipated.
With financial problems, the longer you wait, the worse the problems become. Wage garnishment, repo’s, harassing phone calls, lawsuits and frozen bank accounts all come to an end once a bankruptcy petition is filed.
