Bankcruptcy in Brief
YOUR NEIGHBORHOOD BROOKLYN NEW YORK BANKRUPTCY ATTORNEYS
At William Z. Schneider & Associates, P.C. our Brooklyn, New York personal and business bankruptcy attorneys can guide you through your financial difficulties and help you achieve financial freedom with preserving your dignity.
PERSONAL AND BUSINESS BANKRUPTCY LAWYERS
We represent individual and business debtors in bankruptcy proceedings. Our Brooklyn, New York bankruptcy law firm can provide you with excellent legal representation in Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and Chapter 11 Bankruptcy.
Bankruptcy Laws allow individuals and businesses to obtain financial relief from overwhelming debts and provide an opportunity for a fresh start. There are several types of bankruptcies and the most common types used by individuals and businesses are Chapter 7, Chapter 13, and Chapter 11 Bankruptcy.
CHAPTER 7 BANKRUPTCY LAWYER IN BROOKLYN NEW YORK
Chapter 7 Bankruptcy is the most common type of bankruptcy. It is usually referred to as the “straight bankruptcy”. Chapter 7 of the Bankruptcy Code allows a debtor to discharge most of the debtor’s debts and liabilities, including unsecured debts, such as credit card debts, personal and business loans, and medical bills. Learn more about Chapter 7 Bankruptcy in New York.
CHAPTER 13 BANKRUPTCY ATTORNEY IN BROOKLYN NEW YORK
Chapter 13 Bankruptcy, is the “wage earner’s bankruptcy”, offers financial relief for those with steady source of income, but in need for some help to bring their finances under control. In a Chapter 13 Bankruptcy compared to a Chapter 7 bankruptcy filing, the debtor is not afforded to erase the personal debt, rather it provides an option for the debtor to create a plan to make payments to the creditors over a period of time. Most importantly Chapter 13 allows the debtor keep assets, such as a home, and pay past-due mortgage arrears, preventing foreclosure while reducing their debt. Learn more about Chapter 13 Bankruptcy in New York.
CHAPTER 11 BANKRUPTCY IN BROOKLYN NEW YORK
Chapter 11 bankruptcy is commonly referred to as “business reorganization” bankruptcy. This types of bankruptcy allows business owners to continue operating their business while dealing with restructuring the overwhelming and making payments to creditors. This type of bankruptcy may be the most viable option if a business has significant income and assets to avoid liquidation. Learn more about Chapter 11 Bankruptcy in New York.
Our attorneys will guide you through the process to obtain financial relief, stop harassing telephone calls from collection agencies, stop collection letters, lawsuits, wage garnishments, bank attachments, evictions, repossession and foreclosures.
Contact your neighborhood Brooklyn, New York Bankruptcy Attorneys for a free initial consultation or take advantage of our free case evaluation tool.
We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.
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