If you are facing financial challenges, seeking legal assistance is always the wise decision. While finding an attorney to guide your journey may be intimidating, there are many top-rated bankruptcy attorneys throughout New York City and state who can provide essential representation.
Bankruptcy Lawyers & Law Firms
There are various forms of bankruptcy you can file, such as Chapter 7 and Chapter 13. Each has their own set of benefits and drawbacks, so it’s advisable to discuss them with a qualified bankruptcy attorney prior to making any definitive decisions.
Chapter 7 bankruptcy is the most frequently utilized type, used by those filing for personal relief. This process entails having assets taken over and distributed among creditors in an equitable fashion to satisfy debts owed, before your debts can be discharged and you’ll gain a fresh financial start.
Chapter 13 bankruptcy is another popular choice, often used by small businesses and entrepreneurs trying to regain financial footing. Under this method, a trustee creates a payment plan tailored specifically to your income and expenses; after an agreed-upon time (typically three to five years) you’ll receive an official discharge from any remaining debts and the trustee will no longer be involved with your bankruptcy process.
Business Bankruptcy and Restructuring
When considering bankruptcy for your business, it is crucial that you consult with an experienced lawyer who is familiar with your industry and can advise on the best course of action. Typically this form of bankruptcy requires extensive business planning before taking effect and may not be suitable for everyone.
A reputable law firm will offer free consultation and will be able to address all of your inquiries about bankruptcy. They can explain how it works, which debts may or may not be discharged and how the court will deal with your case.
The best law firms will provide you with tailored legal advice and ensure your case is handled efficiently. They should have significant experience handling bankruptcy cases and are dedicated to providing exceptional client service.
Pachulski Stang Ziehl & Jones, White & Case and Skadden Arps Slate Meagher & Flom are among the leading law firms in New York, known for being global with extensive expertise in cross-border matters and strong pro bono initiatives.
Charles Juntikka & Associates is a New York Bankruptcy Law firm dedicated to helping financially-strapped people regain financial independence. Their staff finds great satisfaction in protecting low-income families against predatory creditors and lenders that prey upon them, like credit card companies and predatory lenders that seek to take their hard-earned savings by fraudulent lending practices.
