White Plains Attorney For Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the strongest form of debt relief. The process provides you relief from many types of unsecured debt, including:

  • High credit card balances
  • Medical debt
  • Personal loans

Nathan Horowitz, Esq, with offices in White Plains and Carmel, has 35 years of experience helping individuals, married couples and businesses eliminate debt by filing for Chapter 7 relief.

How Chapter 7 Bankruptcy Works

Chapter 7 is the most common form of bankruptcy. This form of debt relief is frequently referred to as a liquidation bankruptcy. However, there are exemptions available that allow people to protect most of their personal belongings. Most people are able to protect and retain in Chapter 7:

  • Homes
  • Cars
  • Bank accounts
  • Future income

The idea behind Chapter 7 is not to leave you destitute. This form of bankruptcy is designed to give you a fresh financial start.

If you have secured debt, such as a home or car loan, you can choose whether or not to keep the property. If you are underwater on your mortgage, you may want to surrender the home without the risk of facing a deficiency judgment. You may also be able to seek a loan modification under a court-supervised process. Similarly, if your vehicle is not worth the amount you still owe, it may be in your interest to surrender the vehicle and get rid of your obligation to pay. The choice is yours.

Many people who file for Chapter 7 to eliminate credit card debt, medical debt and other unsecured loans find that the relief makes the home or car loan affordable again. If you have assets that do not fall within the available exemptions, you may be able to protect the property by filing for Chapter 13 relief. You may fill out a one-page asset and liability questionnaire and send to my email to receive initial opinion as to your bankruptcy options.

Turn To An Experienced Attorney For Chapter 7 Bankruptcy Guidance

When you arrange your initial consultation, I will fully analyze your unique debt problems and explain your legal options. To arrange a confidential meeting to discuss your situation with an approachable lawyer, send me an email or call 800-592-3020.

The law practice of Nathan Horowitz, Esq, is recognized by federal law as a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.