Orange County and Hudson Valley, New York, Bankruptcy Attorneys
Sometimes, often for reasons beyond their control, people find themselves in bad financial situations that can only be solved by bankruptcy. At Silver, Forrester & Lesser, P.C., in New Windsor, we understand how difficult this can be. Our experienced lawyers can help guide you through the bankruptcy process — protecting the things that are important to you, like your family home, and focusing on a brighter financial future for you and your family.
When we meet with you, we will talk about which type of bankruptcy is right for you — Chapter 7 or Chapter 13. We will also discuss any related issues, such as foreclosure and loan modification, making sure you understand all of the options available to you. To arrange a consultation with one of our attorneys, call us at 845.764.4757 or toll free at 866.687.1338.
For more information on specific aspects of our bankruptcy practice, see:
- The advantages of filing for bankruptcy
- The means test
- Loan modification
- Bankruptcy and foreclosure
- Mandatory credit counseling and debtor education
- Non-dischargeable debts
- Asset protection
- Frequently asked questions
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a type of liquidation that is preferable for many people. This type of bankruptcy excuses your debts and allows you to keep exempt property like your car, the equity you have in your home, your pension and much of your income.
If you make over the median income for a family of your size in your geographic area, you may not qualify for Chapter 7 bankruptcy. Instead, you may qualify for a Chapter 13 debt payment plan that requires you to give creditors some of what is owed.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a reorganization where you submit a payment plan to the court to pay all your debts over a three- or a five-year period. A Chapter 13 bankruptcy is often an effective way to save your home from foreclosure. Our Hudson Valley Chapter 13 attorneys can show you how.
Recent changes in bankruptcy law have increased requirements for people wishing to file bankruptcy. You may now be required to attend a credit counseling course, which is a simple educational session that may often be completed over the Internet.
Contact Silver, Forrester & Lesser, P.C.
To talk with one of our New Windsor bankruptcy attorneys about how we can put our years of legal experience to work for you, contact us.