There are many factors an individual must take into consideration before
making the decision to file for
bankruptcy. Bankruptcy is not right for everyone. If you are considering filing for
bankruptcy, take the time to review your financial situation with a Queens
bankruptcy lawyer from Bronson Law Offices, P.C. before you move forward.
Our firm has over 25 years of experience helping people put an end to
creditor harassment, alleviating their financial worries and helping them
to attain true debt relief.
We understand how frustrating it can be to be unable to keep up with your
financial obligations and how frightening it is to be threatened with
wage garnishments, tax liens or even the potential loss of your home through
foreclosure. We take pride in providing each of our clients with an honest
assessment of their individual financial situation. We are always straightforward
and honest with our clients, and we are committed to finding the best
solution to achieve a positive outcome. You do not want to file for bankruptcy
only to find out afterwards that you are still obligated to pay certain debts.
You need to go into your bankruptcy with all the cards laid out on the
table, with a full knowledge of what debt will be discharged through bankruptcy.
Only then will you be able to make the right decisions, and we can help. In
Chapter 7 bankruptcy, an individual will generally be able to discharge all of his or her unsecured
debt. Student loans, child support payments, court-ordered alimony, fines
assessed as a result of criminal charges and certain tax debts are not
eligible for discharge through bankruptcy.
Chapter 13 bankruptcy gives debtors an opportunity to restructure their debt so that it can
be paid over a 3-5 year period of time. Any debt that is not paid in full
at the end of the restructured payment plan period will often be eligible
for discharge. Most people will be able to discharge the majority, if
not all, of their outstanding debt by filing for bankruptcy. To find out
which of your debts may be eligible for discharge through bankruptcy,
contact our firm now.