Chapter 7 Bankruptcy Lawyer Brooklyn NY
New York Chapter 7 Bankruptcy Attorney
In today's difficult economic times, many people are finding it hard to make ends meet. Many people have lost their jobs or have seen their wages cut. Others face large medical bills due to an extended illness. Many people who would benefit from Chapter 7 are afraid they will be considered failures if they file for bankruptcy. That is simply not true. Filing for Chapter 7 bankruptcy is a completely legal way to discharge (eliminate) debt and make a fresh start.
If you are underwater, please do not hesitate to call a Chapter 7 bankruptcy lawyer at Goldberg Sager & Associates in Brooklyn, New York at 347-497-3245 or toll free 877-NEED-LAWYER. The attorneys at our firm have more than 40 years of combined experience, and offer every client reasonable rates. We help people throughout the New York City area, including Brooklyn, Manhattan, Queens, the Bronx, Staten Island, Long Island, Nassau, Suffolk, and Chester, and surrounding counties. Contact us today for a confidential consultation.
What Chapter 7 Bankruptcy Is
Chapter 7 bankruptcy is designed to help consumers with debt liquidation. It can be used to eliminate unsecured debt such as medical debt and credit card debt. You must continue to pay child support, spousal support and student loans, however, as these debts cannot be forgiven in bankruptcy.
Property in a Chapter 7 bankruptcy is divided into exempt and nonexempt. Your first car and the family home are usually exempt, so you will probably be able to keep them. All nonexempt property such as a vacation home, second car or cash, stocks and bonds must be given to the bankruptcy trustee so that it can be sold.
Qualifying For Chapter 7 Bankruptcy
In order to qualify, you must first pass the bankruptcy means test. The median income for a family of four is $72,170 in New York State, according to the U.S. Census Bureau. If your income is less than that, you qualify for Chapter 7 bankruptcy. If your income exceeds that, you may still qualify if your expenses are high, or you may consider Chapter 13 bankruptcy.
Before you file for Chapter 7, you must attend credit counseling classes. Once the bankruptcy is filed, the court issues an automatic stay. That means that creditors may no longer call you or hassle you.
At the end of the complicated bankruptcy process, your debts are discharged by the court, and you are free to make a fresh start.
Contact Us
The attorneys at Goldberg Sager & Associates want to help. We provide counsel about Chapter 7 bankruptcy and will be there for you every step of the way. We have multilingual staff and our New York location is easy to access by subway, bus or car. Contact us or call 347-497-3245 or toll free 866-721-2566 for an appointment with a bankruptcy attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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Goldberg Sager & Associates, Attorneys at Law
1628 Kings Highway
at East 17th Street
Brooklyn, NY 11229-1210
Phone: 347-497-3245
Toll Free: 866-721-2566
Fax: 718-339-7823
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