New York Chapter 7 Bankruptcy Lawyer
Filing for Chapter 7 Bankruptcy in New York
If you are one of the millions of Americans struggling with mounting debt, filing for Chapter 7 bankruptcy may be the best decision you could ever make. Under Chapter 7 bankruptcy, sometimes referred to as liquidation, you can eliminate all of your unsecured dischargeable debts. This can include unpaid credit card bills, medical bills, utility bills, some bank loans, judgments from creditors, certain business debts, and more. While Chapter 7 bankruptcy will erase most of your debts, there are some debts that cannot be discharged, such as:
- Child support
- Spousal support
- Student loans
- Court-ordered fines
- Court-ordered restitution
- Most tax debt
- Debts incurred through fraud
Because Chapter 7 bankruptcy simply eliminates the majority of your unpaid debts, it’s a more preferred option than say Chapter 13 bankruptcy, which basically reorganizes all of your debt into a lump sum to be paid off over time. That being said, not all people will qualify for Chapter 7 bankruptcy. If you’re interested in relieving your debts through Chapter 7 bankruptcy, it’s best to consult an experienced New York Chapter 7 bankruptcy lawyer who can review your financial situation to determine if Chapter 7 is right for you.
Contact a New York Chapter 7 Bankruptcy Attorney
Although filing for bankruptcy may seem embarrassing or shameful, it’s important to remember that you are not the only person suffering from inescapable mounting debt. Countless people throughout New York are filing for bankruptcy to get their finances under control. After filing for bankruptcy, you will no longer face creditor harassment, wage garnishment, or any other negative effect of having too much debt.
At the Law Offices of Donna M. Fiorelli, you can retain the committed and experienced representation needed to successfully file for Chapter 7 bankruptcy. The New York bankruptcy lawyers at the firm have many years of bankruptcy experience, and have helped countless clients throughout Nassau and Suffolk Counties overcome their financial burdens and work towards a future free of outstanding debts!
To learn if filing for Chapter 7 bankruptcy is right for you, please contact a New York bankruptcy attorney at the Law Offices of Donna M. Fiorelli today!