Although there are many misconceptions about bankruptcy, the truth is that for many, bankruptcy is about debt repayment, not financial security or financial freedom.
How your debt is forgiven depends on whether you file for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy is for Americans who have lost their jobs, divorced, or suffered injury, but can be excused to give themselves a fresh start. There is no limit to the total relief of most debts you can achieve by filing a Chapter Seven bankruptcy petition, and there are no limits on the amount of debt relief or the length of relief.
Your unique circumstances will determine what kind of bankruptcy is appropriate for you and whether your solution might be anything other than declaring bankruptcy. There is no obligation, but you should seek advice from a lawyer to determine whether your particular situation warrants filing for bankruptcy and read more about how your local attorney can help you through the bankruptcy process. Fill out our free bankruptcy review form to contact a bankruptcy attorney in the Yonkers region. It is free and easy to use and connects you with bankruptcy attorneys in and around the Bronx, New York City and New Jersey.
Once you have put your petition and related documents in order, you can file the petition with the proper district court in New York.
Several weeks after filing for bankruptcy, you must attend a hearing of 341 people, also called a creditors "meeting. The receiver appointed to handle your case will chair the meeting and may ask you questions about the information you provide on your bankruptcy form. During this meeting, the insolvency administrator will examine the case and listen to what the creditors have to say. A creditors "committee may be appointed to represent you on the committee and advance the interests of all unsecured creditors in the event of bankruptcy, subject to the approval of the bankruptcy court.
If your local legal assistance organization can help you with your specific bankruptcy matters, you can refer them to another organization with services in the Yonkers, NY area. If you require additional advice, consult a lawyer who has worked on your bankruptcy proceedings. One that explains your legal options, protects your assets, negotiates with creditors and negotiates for your creditors. For a comprehensive knowledge of bankruptcy law in your state, find the best rated attorneys in New York City and the state of New Jersey.
Depending on the complexity of your situation, there are a number of places where you can get advice and help from a bankruptcy lawyer. When you call a legal aid organization, you can expect the phone provider or bailiff to ask you if you are entitled to free assistance and if you are eligible for bankruptcy.
You can meet with a Yonkers bankruptcy attorney to collect the necessary paperwork, advise you and advise on which chapter of US bankruptcy law is most appropriate for you. Explain which debts qualify for relief and which chapters in United States bankruptcy law best suit your specific situation. You can also contact the Chapter 7 attorneys you have met through the New York State Department of Financial Services (NYSDFS).
Your bankruptcy attorney knows the law and can break the legal jargon that so often surrounds him. If you are considering your own case and would like to learn more about a situation that might arise prior to filing the lawsuit, you can contact our short-term lien legal assistance resources to advise on maintaining ownership and repaying debts. We all guide you through the places where you can search and what legal tools are available to help you get into debt - for free.
All you need to do is click here to complete our free bankruptcy review form and we will connect you with the leading bankruptcy lawyers in the Yonkers area. If you are the hard-working and organized type, you can prepare your own bankruptcy form. There are several software products for lawyers that prepare a complete set of bankruptcy forms for you. These programs require that you already know bankruptcy law and are designed to file multiple bankruptcies. This is a place where you will probably appreciate the help of one of the best bankruptcy attorneys in New York City.
We are a non-profit legal aid organization in Yonkers dedicated to providing free legal assistance to all residents of New York. Remember that while we offer support for a wide range of legal needs, many of our legal aid organisations are bankrupt.
Bankruptcy courts are a central place to connect with legal aid organizations in Yonkers, New York and other parts of the country. A bankruptcy court is a federal court in the United States and is formed as a unit of a district court. Bankruptcy judges are judges appointed by the federal district in which they are located for a term of 14 years and are responsible for the day-to-day operation of all bankruptcy courts in America.