hire a new york bankruptcy attorney

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Page 2: Hire a New York Bankruptcy Attorney

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. In this post, we

will try to understand some of the

aspects that will eventually

matter.

Page 3: Hire a New York Bankruptcy Attorney

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.

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.

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.

Page 4: Hire a New York Bankruptcy Attorney

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.

Page 5: Hire a New York Bankruptcy Attorney

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.

Page 6: Hire a New York Bankruptcy Attorney