Discharging Your Debt in Queens
The Chapter 7 Bankruptcy Process
Do you have too many debts? Financial problems can cause considerable anxiety, especially if you are being hounded by creditors or are facing foreclosure, wage garnishment or repossession. One way to eliminate your debts is to file for bankruptcy. A Queens bankruptcy attorney can determine if you qualify for Chapter 7, the liquidation of non-exempt assets to pay creditors, by administering the means test. If you do not meet the criteria for Chapter 7, you will be required to file under Chapter 13, the restructuring of creditor payment plans.
There are many assets that you will be allowed to keep in a Chapter 7 bankruptcy, including child support, alimony, disability, workers' compensation, unemployment and pensions. Depending on their value, your house, vehicle and other personal property may be exempt from liquidation as well. The proceeds from any assets that do get sold will be distributed to creditors, and any remaining debts will discharged. Once a debt has been discharged by the court, you are no longer legally responsible for it.
Certain types of debts cannot be discharged through bankruptcy, such as:
- Unpaid taxes within the past 3 years
- Spousal support
- Child support
- Student loans
Blutter & Blutter is a reputable and experienced law firm that can review your entire financial situation and give you valuable feedback regarding your legal options. They have over 55 years of combined legal experience, and work diligently to resolve their client's financial problems. The firm has extensive knowledge in many different areas, including bankruptcy, finances and consumer rights. They offer trusted and aggressive representation to individuals, families and business owners throughout Nassau, Suffolk, Queens and Kings counties.
Queens Bankruptcy Lawyer
Before deciding how to resolve you debt situation, it is important to have a thorough understanding of all of your alternatives. The firm will provide you with information regarding various debt solutions, and discuss their pros and cons. You can also learn about the bankruptcy process and which of your debts can be discharged. They pay close attention to their client 's concerns, and will give you valuable feedback regarding your financial condition. You will always be assisted by a skilled litigator, never a paralegal or secretary. The firm is a member of the Nassau County Bar Association, NACBA, New York State Bar Association and New York State Society of Certified Public Accountants.
Contact a Queens bankruptcy attorney for proven representation if you are heavily in debt and are considering Chapter 7 bankruptcy.