1 / 8

New York Bankruptcy Attorney

Dealing with too many creditors and loans? Check why hiring a New York bankruptcy attorney is a good idea. <br>

howardwarnerlaw
Download Presentation

New York Bankruptcy Attorney

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Dealing with financial woes is never easy, and more often than not, we have to make some serious tough decisions. Most people don’t have detailed views of bankruptcy laws, and understanding the complicacies can be overwhelming. If you are in New York, the first thing to do in a tough debt situation is to seek legal assistance.

  2. The question is whether you should file for bankruptcy in the first place. Every kind of financial situation is unique, and you will have to start by finding a genuine New York bankruptcy attorney. Depending on the facts of the case, he will offer a clear view of all the aspects.

  3. Typically, most people consider bankruptcy under circumstances. If you are being harassed for overdue payments, facing foreclosure on your home or any property, dealing with car repossession or have been sued, you may consider filing for bankruptcy.

  4. Most people are concerned about the debts that can be discharged after filing for bankruptcy. Now the state laws can vary, but in New York, you can expect to get discharged from credit card bills, personal loans and medical bills under Chapter 7 bankruptcy.

  5. Your lawyer will typically tell you about both Chapter 7 bankruptcy and Chapter 13 bankruptcy. Under Chapter 7 bankruptcy, you will get rid of the unsecured debts and can start afresh with your finances. On the other hand, Chapter 13 bankruptcy is meant for people who have significant assets, and they will have to develop a special payment plan, which will help in dealing with the debt payments.

  6. The entire bankruptcy process can be really complicated, especially when you are new to the concept. Keep in mind that all the proper procedures and steps must be adhered to, so that all kinds of debts, especially the unsecured ones can be disposed. While it isn’t compulsory to hire a lawyer, it is always a good idea to seek legal assistance. This will only save time and ensure that you haven’t missed any aspect. Creditors can get nasty at times, and it is a good idea to move in a planned and phased manner as needed and required by the law.

More Related