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"I had a very pleasant and professional experience with Schlanger & Schlanger, LLP. Consumer attorney Liz Shollenberger was a pleasure to work with. I am satisfied with the outcome of my case, and trust that this will be the end of the problem."
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Hudson, NY
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Chapter 7 Bankruptcy

Debt Relief Agency in New York

Filing under Chapter 7 of the Bankruptcy Code erases all of your qualifying debts (some debts like taxes and student loans may not be eligible for discharge in a Chapter 7). Once you file the required papers, Chapter 7 bankruptcy can be completed very quickly, usually in about 3-4 months. Chapter 7 eliminates all unsecured debts like credit cards, bank loans, medical bills, court judgments, and deficiencies on repossessed cars and foreclosed homes.

Certain personal property is protected under Chapter 7. Things like modest home furnishings, clothing, cash, and bank accounts not exceeding $2,500 and qualified retirement accounts, like a 401K or an IRA, are exempt from liquidation. Some property cannot be protected and may be liquidated and sold. Therefore, Chapter 7 may not be the best option for people with equity in their home over $50,000; car owners whose vehicle is worth more than $2,400; or people who have large amounts of savings and disposable income, stocks and bonds, or other assets not considered "exempt." See Chapter 13 bankruptcy for these situations.

Do I need to hire a New York debt defense lawyer?

Filing a Chapter 7 Bankruptcy immediately stops most collection actions against you, including foreclosure, garnishment, bank restraint, lawsuits, and phone calls and letters from creditors. The bankruptcy process is extremely confusing unless you have a knowledgeable attorney on your side. Call the offices of Schlanger & Schlanger, LLP today to discuss your options with a debt defense lawyer in New York City. Our firm has extensive experience in consumer law and may be able to help you avoid bankruptcy altogether. Otherwise, we can help you determine whether Chapter 7 or Chapter 13 is an option for you. Contact us!

Schlanger & Schlanger, LLP - New York Debt Defense Attorney
Located at 9 East 40th Street, 13th Floor, New York, NY 10016.
Phone: (800) 403-9113.
Local: (914) 946-1981.
Website: .
A New York Consumer Protection Law Firm
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9 East 40th Street, 13th Floor, New York, NY 10016
343 Manville Road, Pleasantville, NY 10570