An effective path to financial freedom and a fresh start.
Consumer Bankruptcy in New York (Chapter 7 and 13)
No one plans for bankruptcy, but when debts become overwhelming, the law offers you a second chance. We will help you navigate this process step by step, protecting your interests and your future.
Filing for bankruptcy is not a failure, but a strategic legal tool designed to give honest individuals the opportunity to escape the debt trap. In the state of New York, this process allows you to stop wage garnishments, calls from debt collectors, and, in many cases, completely discharge credit card and medical debt.
Together, we will analyze your situation to choose the most beneficial solution:
- Chapter 7 (Liquidation): Ideal for individuals with low income, it allows for the quick (usually within a few months) elimination of most unsecured debts.
- Chapter 13 (Reorganization): A solution for individuals with a steady income who want to save their home from foreclosure or pay off arrears in a secure 3-5 year plan.
Our law firm ensures that you regain peace of mind. We not only prepare complex documentation but, above all, build a strategy that will allow you to keep your assets and rebuild your creditworthiness as quickly as possible.
Financial analysis
A thorough review of income, expenses, and assets to determine the appropriate bankruptcy chapter (the so-called Means Test).
Full documentation
Professional preparation of the petition and all schedules and statements required by the court.
Court representation
Presence and support of an attorney during the mandatory meeting of creditors (341 meeting of creditors).
Bilingual support
We conduct the entire process in Polish and English, ensuring a full understanding of legal procedures.
Frequently asked questions
- What is the difference between Chapter 7 and Chapter 13?
Chapter 7 is debt liquidation (it is short and provides a clean slate), while Chapter 13 is a partial debt repayment plan (it allows you to keep assets, such as a home with an overdue mortgage).
- Will I lose all my assets after filing for bankruptcy?
No. The law provides numerous exemptions that allow you to keep, among other things, a car of a certain value, essential household items, and a portion of retirement savings.
- How long does the bankruptcy process take in New York?
In the case of Chapter 7, the process usually takes 4 to 6 months. Chapter 13 involves a repayment plan lasting from 3 to 5 years.
- Will bankruptcy destroy my creditworthiness forever?
On the contrary – for many people, it is the beginning of rebuilding credit. Although the bankruptcy information appears on your report, the absence of current debts allows you to start building your score from scratch.
Contact
Need legal assistance?
Call us or fill out the form – the initial phone consultation is complimentary. We will discuss your case, and I will propose the best solution.
- Call now347-524-1587
- Email[email protected]
- Address1200 South Avenue, Suite 201 Staten Island, NY 10314