Life After Bankruptcy When you partner with us, you can actually come out on the other side of bankruptcy economically stronger than before. By working closely with our clients and keeping them well-informed, we hope to provide them with new skills and wisdom that they can use to create a future that is free of debt and stress.
Thousands of Satisfied Clients We have the proven experience and results to find debt relief in any case, no matter how complex it is.
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What is the Difference Between Ch. 7 and Ch. 13 Bankruptcy?
In a Chapter 7 bankruptcy, a person is able to completely eliminate any unsecured debts by liquidating certain personal assets to satisfy creditors. In order to qualify for Chapter 7 bankruptcy, a person must first pass a "means test" that compares their monthly income to their existing debt. If a person does not qualify for Chapter 7, Chapter 13 bankruptcy may be an alternative.
Instead of liquidating a person's assets, Chapter 13 bankruptcy involves creating a 3-5 year repayment plan for all or part of their outstanding debts. The majority of debts are to be repaid in accordance with the established plan.
Paving the Way for Your Brighter Financial Future:
When your life is burdened by debt, it can feel as if you'll never overcome such a significant hurdle. Fortunately, you are not alone. Focused mainly on bankruptcy, our firm is constantly challenging ourselves to learn more about the law for the betterment of our clients. We take pride in delivering the compassionate and thorough legal guidance needed in one of life's most difficult circumstances.
Individual Attention to Each Person:
In every single case, we work with our clients on an individual basis. The first step we take is a full review of your financial situation so we can take action to get you the maximum in debt relief. In many cases, filing for Chapter 7 is the best option, as this allows for the discharge of unsecured consumer debt. Once the debts are discharged, the debts are gone – forever.
Filing for bankruptcy allows a debtor to start fresh with a clean financial slate, and our firm wants to help you achieve exactly that. While the bankruptcy process can be complicated, we are prepared to walk with you every step of the way until your case has been successfully resolved. Our bankruptcy attorney on Long Island has helped 1,000s of people achieve a favorable outcome –let us do the same for you.
No matter what your situation is, we can find a solution that will be in your best interests. Call us today for the trusted legal help you deserve.