Lost Your Job? Overwhelmed by Medical Bills?
We Can Help.
Most people don't realize that bankruptcy laws are designed to protect the you, the consumer, not the creditor. These laws were created to help people get through a hardship such as the loss of a job or a serious illness. When you know the law and your rights, you can make it work to your benefit.
At the Manhattan offices of the Meyers Law Firm, you will find an attorney who understands bankruptcy law and how to make it work for individuals and families in New York City. How Chapter 7 will work for you depends on your financial circumstances and your goals for the future. In some cases, a Chapter 13 debt reduction plan for wage earners may be more appropriate. Contact us today to discuss your options in a free consultation.
What Is Chapter 7 Bankruptcy?
Under Chapter 7 of the U.S. Bankruptcy Code, consumers are able to seek legal protection from creditors, stop harassment and eliminate much of their debt. In a Chapter 7 bankruptcy, many of your assets are liquidated and used to repay creditors. In most cases, your remaining debts are discharged, meaning they are written off. No more bills. No more harassing letters or phone calls. No more delinquencies on your credit report.
Just because your assets are liquidated, filing for bankruptcy under Chapter 7 does not necessarily mean you will lose your home. Most consumers are able to keep about $50,000 worth of value in their home or apartment and various amounts in other personal assets. Contrary to popular belief, Chapter 7 does not require that you give up everything to get a fresh start.
Do You Qualify for Chapter 7 Debt Liquidation Bankruptcy?
It's true: It is now harder to qualify for bankruptcy under Chapter 7. The laws were recently changed in an effort to steer more people toward Chapter 13 debt repayment plans. But it's also true that many people still qualify for Chapter 7 bankruptcy. The team at the Meyers Law Firm can help you take actions now that can increase your chances of qualifying. Many times, when discussing a Chapter 7 bankruptcy with a new client, we are able to help them qualify in about 90 days. That is not a long time to wait for the opportunity to wipe out most or all of your outstanding credit card debt, medical bills or other consumer debt.
To find out if you qualify now or to learn how you can take steps to qualify in the near future, please call the Manhattan offices of the Meyers Law Firm at 212-252-1212 or contact us by e-mail now to schedule an appointment for a free consultation with an experienced Chapter 7 bankruptcy lawyer. We serve clients in Manhattan, Midtown, Chelsea, the Flatiron District, Brooklyn, the Bronx and throughout the five boroughs of New York City.
The Meyers Law Firm is a Debt Relief Agency, we find solutions for your debt issues as well as help those in need file for Bankruptcy Relief under the Bankruptcy Code of the United States of America.
