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New York Bankruptcy Lawyers

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Bankruptcy Law Overview
"Bankruptcy" refers to a set of laws and rules that can help a debtor who is facing more debt than he or she can afford to pay. Bankruptcy permits the debtor to work out a plan to repay some or all of the debt, or to have some of the debt forgiven. The bankruptcy laws give the debtor protections and benefits that are not available outside of bankruptcy and require that creditors stop all collection efforts against the debtor while the debtor is working out a plan. The Bankruptcy Code is title 11 of the United States Code. It is a federal law that provides help for businesses or persons in financial difficulty. The Bankruptcy Code is divided into several chapters--Chapters 7, 11, and 13 are the ones most commonly used--each of which offers debtors a different set of options for dealing with their creditors.


New York Bankruptcy Lawyers, Lawsuits, & Attorneys

Law Firm NameLocationContact Info
Berg & Androphy 230 Park Avenue, Suite 1000, New York, NY 10169-1099 (212) 808-6580
http://www.bafirm.com
Dorsey & Whitney LLP 250 Park Avenue, New York, NY 10177-1500 (212) 415-9200,
http://www.dorsey.com
Sherwood Allen Salvan 770 Lexington Avenue, 7th Floor, New York, NY 10021 (212)752-2955
http://www.lawyers.com/salvanlaw
Walter G. Alton, Jr. & Associates, P.C. Suite 670, 548 West 28th Street, New York, NY 10001 (212) 629-6151
http://www.altonlawfirm.com

A New York bankruptcy is the process undergone when a business or individual seeks relief from their debts. Bankruptcy lawyers in New York specialize either as debtor's or creditor's counsel. You should look to see if a New York bankruptcy lawyer is connected with associations that cater to your legal issues. For many, bankruptcy provides a second financial chance and a good bankruptcy lawyer can help guide you through the process.

Chapter 13 bankruptcy or "reorganization" allows debtors to keep property which they might otherwise lose. Chapter 13 bankruptcy in New York may allow debtors to pay off a default over a period of three to five years, rather than surrender their property.

Chapter 7 bankruptcy or "straight bankruptcy" involves the liquidation of all one's assets that are not exempt in a specific state. In Chapter 7 bankruptcy the exempt property may include property like work-related tools and basic furniture. Some property may be sold by a court-appointed official or may be released to creditors. For more details you should speak with a New York Chapter 7 bankruptcy lawyer.

These cases must be filed in federal court by a New York bankruptcy lawyer. The filing fee is $160, which sometimes may be paid in installments. This fee does not include the fees of your bankruptcy lawyer in New York.

While it is possible to file a bankruptcy case without the assistance of a bankruptcy lawyer, it may be difficult to do so successfully. It is highly recommended that someone considering bankruptcy consult with a lawyer prior to filing a case. Choosing a New York bankruptcy lawyer may be difficult. Some of the least reputable lawyers make easy money by handling hundreds of bankruptcy cases without adequately considering individual needs. Some publicly funded legal services programs handle bankruptcy cases without charging lawyer fees. These programs may also provide referrals to local bankruptcy lawyers in New York.

While the information presented on this website is accurate on the date of publication, it should not be cited or relied upon as legal authority. It is highly recommended that legal advice be obtained from a local New York bankruptcy lawyer . For filing requirements, please refer to the United States Bankruptcy Code (title 11, United States Code), and the Federal Rules of Bankruptcy Procedure.

If you or a loved one feel you have a bankruptcy case, you need to speak with an experienced New York bankruptcy lawyer as soon as posisble. You probably have alot of questions, and chances are you may be afraid of what may happen during your case. Good New York bankruptcy lawyers in your area can help relieve this anxiety and stress. An experienced and winning bankruptcy lawyer in New York can evaluate your case and determine the chances your case has at succeeding. The fact is, you won't know until you speak with a New York bankruptcy lawyer.

New+York Bankruptcy News


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Web Results for New+York Bankruptcy Lawyers

 US Bankruptcy Court - Southern District of New York
Information for the general public and legal professionals about the rules, procedures, and administration.

 United States Bankruptcy Court, Eastern District of New York
New York Eastern Bankruptcy Court's Web Site ... T he Bankruptcy Court for the Eastern District of New York is a unit of the U.S.

 Northern District of New York
united states bankruptcy court for the northern district of new york

 Bankruptcy Lawyers New York - Home
Bankruptcy law is a federal law based on the policy of giving honest people a fresh start by eliminating most of their debt or by allowing them to repay their debt over an extended ...

 Western District of New York
ATTENTION: CM/ECF in the United States Bankruptcy Court for the Western District of New York will be unavailable this Tuesday September 30, 2008 from 5:00 pm until approximately 10 ...

Bankruptcy Lawyers

Bankruptcy Lawyers Disclaimer: The Bankruptcy law or other legal information presented at this website should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact a Bankruptcy lawyer for a consultation on your particular legal matter. This web site is not intended to solicit legal clients.

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