- Call for a Free Consultation, Near You. Hablamos Espanol
- Call for a Free Consultation, Near You. Hablamos Espanol
-
SUFFOLK
(631)-271-3737,
QUEENS 
(718)-751-0226
-
NASSAU
(516)-307-0262,
BROOKLYN 
(347)-508-9316,
BOHEMIA 
(631)-223-4502
- Exceptional Legal Representation Throughout
- Long Island and New York, Since 1993.
-
SUFFOLK (631)-271-3737,
QUEENS (718)-751-0226
-
NASSAU (516)-307-0262,
BROOKLYN (347)-508-9316,
BOHEMIA (631)-223-4502
- Exceptional Legal Representation Throughout Long Island and New York, Since 1993.
Bankruptcy Lawyer in NoHo, NY
Stop Creditor Calls Today
Hear from Our Customers
Chapter 7 Bankruptcy NoHo
When debt becomes overwhelming in NoHo, bankruptcy offers a legal path to eliminate most unsecured debts in just four to six months. You’ll stop creditor harassment immediately when you file. Your wages, bank accounts, and property get protected under federal law.
The automatic stay kicks in the moment your case is filed. This means no more collection calls, no wage garnishments, no foreclosure proceedings. You can finally breathe again while we handle the legal process.
Most clients keep their home, car, and retirement accounts through proper exemption planning. You’re not starting over with nothing—you’re getting the tools to rebuild your financial life the right way.
NoHo Bankruptcy Attorney Experience
We have been helping NoHo residents escape overwhelming debt since 1993. Our team of over 30 legal professionals understands the unique financial pressures facing Manhattan’s professional community.
We’ve seen how quickly medical bills, credit card debt, and business setbacks can spiral out of control in a high-cost area like NoHo. With median housing costs exceeding $2,700 monthly, even high earners can find themselves struggling when unexpected expenses hit.
Our NoHo clients appreciate our straightforward approach. We don’t judge your financial situation—we fix it. Attorney Ronald Weiss graduated from NYU Law School and clerked for a federal bankruptcy judge, giving him insider knowledge of how the system really works.
Bankruptcy Process NoHo NY
Your bankruptcy case starts with a free consultation where we review your debts, income, and assets. We’ll determine if Chapter 7 or Chapter 13 bankruptcy works best for your NoHo situation. Most clients qualify for Chapter 7, which eliminates debt without a payment plan.
Next, we prepare and file your bankruptcy petition with the federal court. The automatic stay begins immediately, stopping all collection activities. Creditors must now deal with us instead of harassing you directly.
About 30 days after filing, you’ll attend a brief meeting with the bankruptcy trustee. We’ll prepare you completely for this meeting and attend with you. Most meetings last under 10 minutes with simple questions about your paperwork.
Within 60 days of your meeting, the court issues your discharge order. This legally eliminates your qualifying debts forever. Creditors can never try to collect these debts again, giving you the fresh start you need to rebuild.
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Debt Relief Services NoHo
Our NoHo bankruptcy services include Chapter 7 liquidation, Chapter 13 repayment plans, and Chapter 11 business reorganization. We also handle foreclosure defense, mortgage modifications, and debt negotiations when bankruptcy isn’t the right solution.
NoHo’s high-earning professionals often benefit from our strategic approach combining multiple debt relief tools. We might negotiate with some creditors while using bankruptcy protection for others, maximizing your financial recovery.
For NoHo business owners, Chapter 11 reorganization can save your company while restructuring debts. We’ve helped restaurants, retail stores, and professional practices stay open while eliminating crushing debt loads.
Our foreclosure defense services are particularly valuable in NoHo’s expensive real estate market. We can often delay foreclosure proceedings long enough to negotiate loan modifications or sell your property on better terms.
How long does Chapter 7 bankruptcy take in NoHo?
Most Chapter 7 bankruptcy cases in NoHo are completed within four to six months from filing to discharge. The timeline is the same throughout the Southern District of New York, which includes Manhattan.
Your case begins when we file your petition with the federal bankruptcy court. About 30-45 days later, you’ll attend a meeting of creditors that typically lasts less than 10 minutes. If no creditors object to your discharge, the court will issue your final discharge order about 60 days after your meeting.
The automatic stay protection begins immediately when we file, so you get relief from creditor calls and collection activities right away. You don’t have to wait months to stop the harassment.
What property can I keep in NoHo bankruptcy?
New York bankruptcy law allows you to keep most essential property through exemptions. You can typically keep your primary residence up to $150,000 in equity for NoHo residents, your car up to $4,000 in value, and all retirement accounts including 401(k)s and IRAs.
Household goods and clothing are generally exempt up to $11,525 total value. Professional tools and equipment needed for work are protected up to $3,000. Cash and bank accounts can be exempt up to $2,850, plus any unused portion of your homestead exemption.
We’ll review your specific assets during your consultation and develop a strategy to maximize your exemptions. Most NoHo clients keep everything they need for daily life and work.
Will bankruptcy stop foreclosure on my NoHo property?
Yes, filing bankruptcy immediately stops all foreclosure proceedings through the automatic stay. This gives you time to evaluate your options and potentially save your NoHo home through Chapter 13 bankruptcy or loan modification.
Chapter 13 allows you to catch up on missed mortgage payments over three to five years while keeping your home. This works well for NoHo residents who have steady income but fell behind due to temporary financial problems.
If you can’t afford your current mortgage payments, we can negotiate with your lender for a modification while bankruptcy protection is in place. The automatic stay prevents the foreclosure sale while we work out a solution.
How much does bankruptcy cost in NoHo?
Chapter 7 bankruptcy attorney fees typically range from $1,500 to $3,000 for NoHo residents, plus a $338 court filing fee. Chapter 13 cases cost more due to the longer timeline and payment plan administration, usually $3,000 to $5,000 in attorney fees.
We offer payment plans to make bankruptcy affordable when you need it most. Many clients use their tax refund or stop paying credit cards (that will be discharged) to fund their case. The court filing fee can be paid in installments if needed.
The cost of bankruptcy is minimal compared to continuing to struggle with overwhelming debt. Most NoHo clients save thousands of dollars in the first few months after discharge by eliminating credit card payments and collection costs.
Can I file bankruptcy if I have high income in NoHo?
High income doesn’t automatically disqualify you from Chapter 7 bankruptcy in NoHo. You must pass the “means test” which compares your income to New York median levels and considers your necessary monthly expenses.
For 2023, the median income threshold for Chapter 7 eligibility is $68,814 for individuals and $126,167 for families of four in New York. If your income exceeds these amounts, we calculate your disposable income after allowed expenses to determine eligibility.
Many NoHo professionals qualify for Chapter 7 despite high incomes due to substantial necessary expenses like housing costs, child care, and business expenses. Even if Chapter 7 isn’t available, Chapter 13 can provide significant debt relief through a manageable payment plan.
What debts cannot be eliminated in NoHo bankruptcy?
Certain debts survive bankruptcy discharge, including recent taxes, student loans, child support, alimony, and debts from fraud or intentional misconduct. Recent luxury purchases over $600 within 90 days of filing may also be non-dischargeable.
Most common debts are eliminated in bankruptcy, including credit cards, medical bills, personal loans, deficiency balances from car repossessions, and old income taxes. Business debts, utility bills, and most civil judgments are also dischargeable.
We’ll review all your debts during consultation to identify which will be eliminated and which you’ll still owe after bankruptcy. This helps you make an informed decision about whether bankruptcy provides enough benefit for your NoHo situation.
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Other Services we provide in Noho