Bankruptcy Attorneys in New York Help People Struggling with Debt
LAWYERS HANDLE PROCEEDINGS UNDER CHAPTERS 7 AND 13
Individuals and businesses frequently face severe debt problems because of factors that are out of their control. If this is your situation, your life should not be consumed with collection calls, late-payment penalties and credit fears. If no reasonable path to financial stability can be identified without help, bankruptcy could be the solution that relieves the constant pressure from creditors. At Goldberg & Lindenberg, P.C. in New York City, we have decades of combined experience making a positive difference for clients facing financial hardship.
HOW TO FILE FOR BANKRUPTCY IN NEW YORK
Bankruptcy is not a punishment, but rather a federal court proceeding designed for individuals and business owners who are unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor, but before you take action, it’s wise to talk things over with a qualified attorney who can help you understand your options and gather the relevant information. Our firm delivers sound legal guidance to residents of the New York City area and can act quickly to protect your interests.
HOW CAN YOU BENEFIT FROM FILING FOR BANKRUPTCY IN NEW YORK?
Regardless of whether your debt problems were caused largely by a one-time event or long-term financial hardship, we will look at your circumstances and explain how filing might improve your life. Potential benefits include:
- Stopping creditor harassment — Once your bankruptcy case begins, the court grants an automatic stay that makes it illegal for creditors to communicate with you directly until the proceeding ends. This measure also prevents creditors from taking nonpayment-related actions against you, so you don’t have to worry about having utilities or other services cut off.
- Discharging nonexempt debts — Many individuals and families struggling with debt find that Chapter 7 bankruptcy is the best option. This gives them the opportunity to eliminate unsecured debts, such as credit-card balances and money owed to medical providers. Our firm will perform a comprehensive review of your circumstances, explain which obligations will be eliminated and help you move forward through the bankruptcy process.
- Establishing a fair repayment plan — Someone who has a job and owns a house might prefer Chapter 13 bankruptcy. Under this program, you can develop a repayment plan that considers how much income you collect every month and the expenses that need to be paid. By revising interest rates, extending repayment periods and making other changes, you can establish a workable schedule designed to pay off what you owe over a period of three to five years.
With decades of experience guiding New Yorkers with money troubles, we can give you a clear perspective on the bankruptcy process and how you can relieve the pressure caused by overwhelming debt.
DEDICATED FIRM ASSISTS HOMEOWNERS LOOKING TO AVOID FORECLOSURE
When the automatic stay is entered in your bankruptcy, foreclosure proceedings must be stopped. However, as mortgages are loans secured by the borrower’s house or apartment, your property can be taken once the bankruptcy case has concluded. For people who have fallen behind on their mortgage payments, Chapter 13 bankruptcy could be the right solution.
SKILLFUL ATTORNEYS ADVISE CLIENTS ON DEBT RELIEF OPTIONS
Not every person needs bankruptcy to restore their financial stability. Sometimes, creditors are willing to adjust payment schedules and other terms to make it more likely that they can collect their full receivable rather than taking their chances with other bankruptcy creditors. Where appropriate, we negotiate on behalf of clients to resolve past due accounts without going to court.
Contact an experienced New York City bankruptcy lawyer for a free consultation
Goldberg & Lindenberg, P.C. represents New Yorkers in all types of bankruptcy matters, including Chapter 7 and Chapter 13 proceedings. Please call 212-921-1600 or contact us online to schedule a free consultation. Our office is in Midtown Manhattan.