Bankruptcy Attorney Staten Island

Helping Clients Find Financial Relief Through Bankruptcy

Many people find themselves in positions where they are overwhelmed by debt. Whether the debt stems from legal judgments, medical bills, credit cards, mortgages, back taxes, or other financial obligations, not being able to make required payments can affect your entire household, your creditworthiness, and even your professional opportunities.

Fortunately, our law firm can evaluate your situation and help you determine the best option for debt relief. In many cases, a successful bankruptcy will assist you in resolving many – if not all – of your financial issues so that you can start again with a clean slate. When you call the Law Offices of Ronald D. Weiss, P.C. you will consult with an attorney who is thoroughly familiar with the bankruptcy process in New York and who will lead you through every step of your bankruptcy case.

Finding the Type of Bankruptcy that Works for You

Our law office handles a variety of bankruptcy cases and will first help you identify which type of bankruptcy is right for you and your situation. The following are some examples of cases we regularly handle:

Chapter 7 – While filing under Chapter 7 of the U.S. Bankruptcy Code is the most common type of consumer bankruptcy, it is available for businesses as well. A successful Chapter 7 case will result in the discharge of many of your debts, including revolving lines of credit, medical expenses, collection accounts, most legal judgments, and more. In exchange for the release of such debts, the bankruptcy trustee will liquidate certain property to make payments to your creditors. However, an attorney can help you protect as much property as possible by applying any exemptions that are relevant in your case.

Chapter 13 – If you are an individual or married couple and you have too much income to qualify for Chapter 7 or have substantial assets that you want to protect, Chapter 13 may be a viable option. While a successful Chapter 13 case does end with a discharge of debts, you will be required to participate in a three- to five-year payment plan first. The court will reorganize your debts so that you will pay only one payment that is deemed reasonable based on your income and expenses.

Chapter 11 – If your business needs to file for bankruptcy but you want to remain in operation,