Personal Bankruptcy Protection in New York City
For people who are facing overwhelming amounts of debt, filing for bankruptcy protection is a simple way to discharge those debts and begin rebuilding credit and financial health. Chapter 7 bankruptcy is one option that often allows people to discharge credit card debt, medical bills, taxes and other debts, while keeping assets and property, such as homes and vehicles. Filing for Chapter 7 bankruptcy should be done with an experienced lawyer to guide you through the process.
At the Law Offices of Nathan Erlich, P.C., our experienced attorneys and staff can help you get the answers that you need to determine if Chapter 7 bankruptcy may be the right option for you and your situation. Since 1992, we have helped hundreds of individuals find relief from debt. We can also help prevent creditors from garnishing your wages, freezing your bank accounts and harassment you with phone calls, letters and other practices.
Learn more information about how Chapter 7 bankruptcy may be able to help you. Contact our firm and schedule a free initial consultation with a bankruptcy lawyer.
Understand Chapter 7 Bankruptcy
A Chapter 7 bankruptcy - also known as a liquidation bankruptcy - is a fairly simple and quick form of bankruptcy that allows people in debt to discharge their debts, while keeping property that is considered exempt. In order to be able to file for Chapter 7 bankruptcy, a person in debt must qualify under a "means test," which examines the person's income and expenses compared to the median income in the state of New York.
Once your bankruptcy petition is filed, all collection activities - including foreclosure proceedings - must stop immediately through what is called an "automatic stay." Any collection activities that take place after a bankruptcy is filed could be illegal and the debtor may be able to bring legal action against the creditor responsible for the harassment.
If you have been considering bankruptcy and have questions, we can provide the information you need on many topics in bankruptcy, including:
- Short sales and foreclosure advice
- Wage garnishment, frozen bank accounts, harassing phone calls and other collection activities
- Workouts and non-bankruptcy remedies
- Credit counseling and preserving assets
- Mortgage problems and solutions
- Debt consolidation
- Your rights and your life after bankruptcy
We can also help you decide whether Chapter 7 or Chapter 13 bankruptcy will help you meet your financial goals.
Contact the Law Offices of Nathan Erlich, P.C.
Find out more by contacting us at the Law Offices of Nathan Erlich, P.C. We have offices throughout New York City, including Forest Hills, Queens, and offer free initial consultations to all prospective clients. Call toll free at 877-518-7581 to make an appointment and get the answers you deserve.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
