Bankruptcy Process Attorneys in Westchester County and Bergen County
Filing for bankruptcy can be a complex and frustrating experience that can compound the stress of facing crushing debt. The advice and representation of a bankruptcy attorney familiar with the both U.S. Bankruptcy Code and local judicial customs can help ease the strain while protecting your interests.
At the New York and New Jersey offices of Mitchell Pollack & Associates, PLLC, our Bergen County and Westchester County lawyers know the bankruptcy process well. We offer prompt and professional handling of your bankruptcy case, with a goal of securing your position and protecting your interests throughout the process.
The Bankruptcy Process
The first step in the bankruptcy process is filing for bankruptcy. This step is not as easy as it sounds, as it generally involves preparing a petition detailing assets, income, expenses, and debt owed to all creditors, and other financial information, properly filling out all necessary forms, and then filing in bankruptcy court.
Upon filing, the court grants an automatic stay that prohibits creditors from any contact regarding payment collection, or from freezing bank accounts, garnishing wages, or filing or continuing a lawsuit or foreclosure action. From there, the process varies depending on the type of bankruptcy filed.
Our skilled bankruptcy attorneys are prepared to handle the complete bankruptcy process involving:
- Chapter 7: This personal and business form of bankruptcy will result in the liquidation of nonexempt assets and the discharge of qualifying debt with no further collection allowed. A bankruptcy court trustee is assigned to evaluate and sell nonexempt assets. The trustee then uses any proceeds to pay specified creditors.
- Chapter 13: This personal reorganization form of bankruptcy allows debtors to repay some or all debt to creditors over time, through a court-approved payment plan that is overseen by a trustee.
Contact Our Personal Deb Reorganization Lawyers in New York or New Jersey
From understanding the bankruptcy process to accurately determining which form of bankruptcy best meets your needs, we can help you protect your interests and secure your position in a bankruptcy case. Contact a bankruptcy attorney at our Tarrytown, New York, or Mahwah, New Jersey, offices to learn more.