Orange County and Hudson Valley Liquidation Attorneys
Often for reasons beyond their control, people find themselves in dire financial straits, stressed due to harassment from creditors and unsure of where to turn for help. At Silver, Forrester & Lesser, P.C., we understand how difficult this can be. Our experienced lawyers can help you identify the best option for you and discuss how bankruptcy can help you reach a brighter future.
When you have a consultation with one of our New York Chapter 7 attorneys, we will talk about your individual needs and determine if you are able to qualify for Chapter 7 bankruptcy. To arrange a consultation, call us at 845.764.4757 or toll free at 866.687.1338.
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.
However, not everyone can qualify for Chapter 7 bankruptcy. In order to qualify, you must pass the bankruptcy means test which was introduced as part of the 2005 changes to the nation's bankruptcy laws. If your income is too high to qualify for Chapter 7, you may qualify for a Chapter 13 debt payment plan that will require you to pay creditors some of what you owe them.
Once you file for Chapter 7, an automatic stay will go into effect which will prevent harassment from creditors, threats of repossession and wage garnishments.
Contact Silver, Forrester & Lesser, P.C.
We have years of experience handling Chapter 7 bankruptcy and are here to answer your questions and walk you through the process as you seek a better financial future. Contact our New Windsor office today to discuss your bankruptcy needs with an attorney.