New York Chapter 13 bankruptcy is less extreme than Chapter 7 and is often a better fit for consumers with important secured assets threatened by mounting debt. Under Chapter 7, you would liquidate virtually all your assets to pay your bills, then the court would discharge the remaining debt. In contrast, Chapter 13 allows you to reorganize your debt, protect crucial secured assets like your home and car, put forth a plan to repay the lion’s share of your debt over a three- to five-year period, then have the remaining debt discharged. Though your obligations are greater under New York Chapter 13 bankruptcy, so are your protections.
Jean M. Mahserjian, Esq., P.C., has considerable experience in Albany bankruptcy, and can help you decide which, if any, New York bankruptcy alternative is best for you. Our firm assists in:
At Jean M. Mahserjian, Esq., P.C., we believe in empowering you to make the best choices for yourself and your family. Unlike other bankruptcy lawyers who have an expedited process focused on quick results, our firm does an in-depth analysis that guides our individualized process. We aren’t afraid of the nitty-gritty details; we pride ourselves on being able to understand the finer points of financial data, and use them to your advantage. When you’re fighting to prevent foreclosure on your home or repossession of your car, you want an attorney who’s willing to take the time to learn as much as possible about your plight, and wring every advantage possible out of that information.
To speak with a Chapter 13 bankruptcy attorney at Jean M. Mahserjian, Esq., P.C., call us 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.