Technically, you can go out on your own and file for bankruptcy. But why would you? This is a long and involved process, but it is also an important one. This is your financial future we are talking about here. Instead of trying to forge ahead on your own, consult with a knowledgeable New City, New York bankruptcy attorney from our law firm.
What Kind of Bankruptcy Can I File For?
An individual can usually file for two types of bankruptcy:
Chapter 7: This type of bankruptcy liquidates assets and pays off as much of the debt as possible. You can still keep certain assets, like your primary vehicle and your home, in these proceedings most of the time.
Chapter 13: This type of bankruptcy allows you to form a plan to pay off as much of your debt as possible in three to five years. Once your payment plan completes, the rest of the debt is forgiven.
Which method works best for you can depend on your current income, your assets, and your level of debt. We can help you sort out the requirements for each and find the best path forward for you.
Why Should I Hire a Bankruptcy Attorney?
No matter which kind of bankruptcy you file for, one thing is certain. It is going to be a lot of paperwork. You are probably not going to enjoy the process, but we have good news. The skilled bankruptcy attorneys here at our firm love doing paperwork.
This process also requires you to organize a lot of financial documents. This can be a major hassle. Our lawyers would be glad to help you though. We can make sure that you have all of the information you need to file for bankruptcy and make a debt repayment plan.
We can also answer any questions that you may have. Bankruptcy can be a confusing process, but we are ready to assist you when you want to know:
- What assets can I keep?
- How much will I have to pay back?
- Which debts are dischargeable?
- What is “unsecured” debt?
- What do I do if a debtor objects to my bankruptcy plan?
We can also keep track of all of the details for you. There may be deadlines to meet or responses that need to be made. It can be easy to lose track of this kind of stuff on your own. When it is your bankruptcy attorney’s job to keep an eye on these things, you can be sure that you will be informed of any progress and anything that needs to be done on your end.
Contact Our Office For a Consultation
The experienced bankruptcy attorneys at our firm would love to help you get back on solid financial footing. Contact the Lauterbach Law Firm and take the time to learn more about how our lawyers can be of assistance during this process.