Handling Personal Bankruptcy Matters throughout the New York City Metro Area
If you are struggling to meet your obligations and are considering bankruptcy as a way to put your financial problems behind you and get a fresh start, you want an experienced lawyer to guide you through the process and protect your interests. The bankruptcy laws changed in 2005, making it even more important to seek the advice of knowledgeable counsel. You want an attorney who fully understands the new laws and who will help you understand all of your options, so that you make good decisions.
At the law office of Gladstein & Messinger, we bring over 50 years of combined legal experience to individuals throughout Forest Hills, Queens and the surrounding communities who are involved in or are considering filing for bankruptcy. We have built and maintained our successful practice on a commitment to a high level of personal service. When you hire us to resolve your legal matter, you will always work directly with one of our founding partners. Contact our office or call us at 718-793-7800 to set up a free initial consultation.
Our Personal Bankruptcy Practice
The Bankruptcy laws allow people to eliminate or restructure their debt in the Federal Courts. The two most common types of bankruptcy available to individuals are Chapter 7 and Chapter 13 petitions.
Despite the changes to the Bankruptcy Laws in 2005, bankruptcy is still an option for individuals and families facing financial difficulties.
CHAPTER 7 Bankruptcy: Chapter 7 Bankruptcies (liquidation) are the most common type of petition and eliminate most of a debtor's unsecured debts (i.e. Credit cards, Medical Bills). A successful Chapter 7 results in a discharge where debt is forgiven not repaid. However, some debt is not dischargeable such as: Child Support, Alimony, Student Loans, Taxes and personal injury damages.
CHAPTER 13 Bankruptcy: Chapter 13 Bankruptcy (repayment plan) provides a solution for people who have regular income and can make regular monthly payments but have suffered a short-term financial setback such as an illness, loss of job or unexpected large expense. Many people looking to stop foreclosure or repossession choose Chapter 13 as it allows you to stay in your house, keep your car and catch-up on your debt over up to a five year period.
Our office will advise as the best course of action to settle your debt problems. We will guide you through the new Bankruptcy Laws, including the required Credit Counseling Courses that must be taken in connection with all Chapter 7 and Chapter 13 cases. We will direct you to an approved Credit Counseling Agency. An attorney from our office will accompany you to all Bankruptcy Court hearings and Trustee meetings.
For a free initial consultation, contact us or call us at 718-793-7800. We maintain a flexible office schedule to accommodate the needs of our clients, meeting with individuals by appointment only.
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