In these uncertain economic times, it’s easy to find a Saratoga County attorney who will process your bankruptcy. It’s a bit harder to find one who will take the time to thoroughly analyze your financial situation and give you sound advice based on many years of experience. At Jean M. Mahserjian, Esq., P.C., we believe that while bankruptcy may be the best option for many individuals, it is not something to rush into. We help our clients make informed decisions, with a full understanding of the costs and benefits. If you’ve been bombarded by advertisements from bankruptcy lawyers, but still feel confused and anxious about the process, Jean M. Mahserjian, Esq., P.C. can help. We represent individuals in consumer bankruptcy proceedings under Chapter 7 and Chapter 13.
Chapter 7 bankruptcy — Individuals whose income is below the median for their sized household can file for bankruptcy under Chapter 7. A bankruptcy trustee will be appointed, who will inventory assets, set aside New York State exempted property, then sell off the bulk of the assets. Debts that are not satisfied by the sell-off will be discharged. The debtor then has a clean slate, though his credit has been damaged and will take years to repair.
Chapter 13 bankruptcy — Rather than discharging debt, Chapter 13 reorganizes debt, proffering a repayment plan that the debtor promises to complete, usually over a three- to five-year period. Chapter 13 protects assets that would have to be liquidated under Chapter 7. It is often a good tool for homeowners whose equity exceeds their New York State property exemptions. For more information, see our Chapter 13 bankruptcy page.
Our firm employs a client-directed approach, where we take the time to educate you about the law and your options. We perform a comprehensive evaluation of your finances, which allows us to assess the pros and cons of different forms of bankruptcy. We don’t pressure you into pursuing one course over another; rather, we offer advice based on more than 25 years of legal experience. If you choose to file for bankruptcy, you will enter the process with both eyes open, completely prepared for what’s ahead.
Many high-pressure bankruptcy attorneys offer limited service, and, if your case should hit a snag that requires activity on their part, can suddenly become scarce. Jean M. Mahserjian, Esq., P.C. makes a firm commitment to stand by our clients until their cases are resolved. We are accessible through email on a 24/7 basis. We return phone calls within 24 hours. During this anxious time, you want an attorney who’s accessible and personally invested in your outcome.
To speak with a compassionate and reliable bankruptcy or family law attorney in Saratoga County, call Jean M. Mahserjian, Esq., P.C. at 518.383.1182. We will be happy to answer your questions and schedule an initial appointment at our Clifton Park office. You can also schedule an appointment by contacting us online.