Are you behind on your house payments? Are you unable to pay back taxes? Have you reached your credit limit and are struggling to pay the monthly credit card statements? If you are stuck in any of these situations, you may be wondering, "Is bankruptcy right for me?"
Bankruptcy may be the only option to dig yourself out of debt. There are several factors to take into account when considering bankruptcy. An experienced lawyer can meet with you and discuss your situation in order to help you determine your options. Contact our White Plains attorney at (914) 686-0634 to schedule a free initial consultation.
Is Chapter 7 Bankruptcy Right for Me?
If you are in debt and have no surplus income after paying your monthly bills such as rent, utilities, and food, you may want to consider filing for Chapter 7 bankruptcy. The value of all your current assets, the amount of your spouse's income and your goal for financial security in the future are just a few of the things you need to look at when making such a decision.
In determining whether Chapter 7 bankruptcy is the right option for you, we will review your debts and assets and talk about how you got into financial trouble. We will discuss and review all of your options and alternatives before determining whether Chapter 7 bankruptcy is the best approach.
Is Chapter 13 Bankruptcy Right for Me?
Compared to Chapter 7, there are many more things you need to take into consideration when deciding if Chapter 13 is an appropriate solution. Chapter 13 allows you to keep your major assets while having most of your unsecured debts discharged by paying your creditors a small percentage of what you owe through a court-approved payment plan.
This requires a sound analysis not only of your current assets, income and debt, but also of your future income and personal plans to assure fulfillment of your payment plan and financial objectives. We will provide honest and forthright guidance to determine if Chapter 13 is the appropriate debt relief option for your situation.
Explore Your Bankruptcy and Non-Bankruptcy Alternatives by Scheduling a Complimentary Consultation
Many clients face bankruptcy as the result of a financial hardship such as a job loss or unexpected medical emergency. When you are in need of debt relief, do not hesitate to explore your options by contacting us.
We will take the time to understand your unique concerns and objectives as you pursue bankruptcy options and alternatives. Our attorney will always provide honest, reliable recommendations remaining mindful of how your financial troubles arose and whether bankruptcy is the best solution.
If bankruptcy is the right option for you, we will provide sound guidance and representation through every step of your case, including but not limited to:
- Referral to a court-approved debt counseling service prior to filing to review your assets and financial disposition (this is required under the law and typically must be completed before filing for bankruptcy)
- Drafting and filing a Chapter 7 or Chapter 13 bankruptcy petition on your behalf
- Attendance at all creditor meetings and aggressively asserting your rights against creditors, including aggressively advocating for acceptance and confirmation of your payment plan for Chapter 13 matters
- Provision of counsel and guidance, and protection of your rights through to the final discharge of your debts
Affordable legal solutions for your financial and business needs • Free initial consultation • Contact Steven A. Campanaro to speak with an experienced White Plains, New York, bankruptcy attorney
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.