Debt Relief Through Bankruptcy
Because of the current economy, many people are behind on car or mortgage payments, unable to pay credit card bills, or facing foreclosure. Many small businesses are having a hard time making ends meet or have been in the red since business started.
Although much of New York is feeling the effects of the economic downturn, Jackson Heights is at the epicenter of the immigrant community. Many immigrants who moved to the area with high hopes of a new business are struggling to make ends meet.
If that is the situation you are in, it is important to work with a lawyer who understands immigration and bankruptcy matters. At Schachter Law Office, P.C., that is the experience you will have. With over 30 years of legal experience, we are committed to helping individuals and small businesses regain financial stability. Contact us online or call 718-878-4789 to schedule your appointment with an experienced bankruptcy attorney.
The Effects of Chapter 7 and Chapter 13 Bankruptcy on Real Estate
If you are behind on mortgage payments, you may be worried about what will happen with your house. Some people are afraid they will need to move out and others know they cannot afford to stay but do not know where they will live. We help clients understand the options to avoid foreclosure available prior to filing for Chapter 7 or Chapter 13 such as a short sale as well as discuss the ability to protect the property through the bankruptcy process.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy - also known as liquidation - can help clients eliminate insurmountable debt. We work with clients to help them understand what debts can be liquidated and what they will still be responsible for paying.
Chapter 13 Bankruptcy
Also called wage-earner's bankruptcy, Chapter 13 bankruptcy allows debtors to pay back some or all of their debts over a three- to five-year period. We work with clients to help them draft a repayment plan that will be approved by the court and their creditors.
Schedule your initial consultation by contacting us online or by calling 718-878-4789. We help people in New York, City, the Bronx, Brooklyn, Manhattan, Queens and Staten Island regain financial stability.
