Representing Bankruptcy Clients in Manhattan, the Bronx, White Plains and the Surrounding Areas
Financial problems can happen to anyone. An illness or injury, job loss, divorce or other unexpected event can leave anyone struggling to pay bills. If you are facing financial difficulty, bankruptcy may be the right choice. Filing bankruptcy is nothing to be ashamed of. Rather, it is a tool that you can use to rebuild your financial life.
At Shaked & Posner, we are passionate about helping people during tough times. With nearly 40 years of combined experience as New York City bankruptcy attorneys, we understand how easy it is for people to become overwhelmed with debt. We have helped thousands of clients break the cycle of missed payments and ever-increasing interest rates. We can help you, too.
To arrange a free initial consultation to discuss your financial situation with an experienced New York lawyer, call 212-494-0035 or toll free 888-783-6690. You can also contact our law firm online.
Understanding Your Bankruptcy Options
Whether you need to file bankruptcy as an individual or as a business, our skilled attorneys can help you at every stage of the process. The most common forms are bankruptcy are:
- Chapter 7 bankruptcy: Despite recent changes in the law, Chapter 7 is still the most common form of bankruptcy. If you qualify for Chapter 7 bankruptcy, you can get a "fresh start" by eliminating credit card debt, medical bills and other unsecured debts. You can keep your home, automobile and some of your personal property by using exemptions. Each case is different, and we will explain the process thoroughly before moving forward with the filing.
- Chapter 13 bankruptcy: Chapter 13 allows consumers to reorganize their debts and repay a portion of what they owe over a three- to five-year period. Mortgage arrearages, credit card debt, medical bills, car loans and other unsecured debts can all be included in your repayment plan. At the end of the payment period, any remaining unsecured debt will be eliminated and you will be caught up on your secured obligations.
- Chapter 11 bankruptcy: Businesses and individuals can seek relief under Chapter 11 to reorganize debt. Chapter 11 is similar in many ways to Chapter 13 but is intended to help businesses. If you want to continue operating the business or keep assets during reorganization, this may be the best option for you.
When you come to us, you will receive individualized attention. We will dispel common bankruptcy myths and give you the real answers. We will advise you on how bankruptcy will affect your credit and what will happen after the process is over. Most of all, we will be available to answer your questions at any time.
Contact a New York Chapter 7 Bankruptcy Attorney for a Free Consultation
Some lawyers are all about the law. At Shaked & Posner in New York, we think it's people that matter. For a free consultation to discuss your specific legal needs, call 212-494-0035 or toll free 888-783-6690. You can also contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
