Long Island Chapter 7 & Chapter 13 Bankruptcy Attorney

Is Chapter 7 or Chapter 13 right for me?

If you are having difficulties managing your debt due to circumstances beyond your control, such as a job loss, divorce or unexpected medical expenses, you may need the help of a professional Long Island bankruptcy attorney to discuss your options.

For the vast majority of people, there are two types of bankruptcy filings that can be used to provide them protection from their creditors. State laws and Federal laws allow Chapter 7 or Chapter 13 filings for most individuals.

A Long Island Bankruptcy Attorney Can Guide Your Decision

Which Chapter is right for you? The best way to determine that is to make an appointment with our office at LoScalzo & Associates to fully explore your financial situation. We offer a free initial consultation that can provide you with insight on the bankruptcy process and review your specific circumstances. Depending on your financial condition and assets, the determination as to which filing would work best for you can be established.

Chapter 7 Bankruptcy Overview

In a nutshell, a Chapter 7 filing works best for people who have few assets and do not have a steady or adequate source of income to cover their debts. Some assets may be liquidated to pay creditors in this type of bankruptcy filing.

Chapter 13 Bankruptcy Overview

A Chapter 13 works for those who have a steady income and can make regular payments towards their debt. Assets can be kept in this kind of bankruptcy, even your home. A plan showing how the debt can be re-paid within 3-5 years must be worked out, which could include discharging or negotiating some of the debt.
Choose the Right Chapter with a Long Island Bankruptcy Attorney.

Schedule a Free Consultation Now

When faced with the decision to file for bankruptcy, consult with a professional Long Island bankruptcy attorney who can offer valuable insight into your case. Contact a Long Island Bankruptcy Lawyer at our firm today for a free consultation.