For the past 23 years, William Waldner Bankruptcy Attorney, Westchester has helped over 500 people discharge their debts through bankruptcy law, specializing in Chapter 7 Bankruptcy, , and Chapter 13 Bankruptcy.
Years ago, when creditors were thought to be more “fair” and banking operations were more controlled, declaring bankruptcy was seen as a “personal failure” or even a “character fault” due to inadequate financial management abilities. These identifications and labels are no longer valid.
When you file for chapter 7 bankruptcy in Westchester, you are instantly protected from creditors and wage garnishment, and your personal debts are usually dismissed (wiped clean) within three months of filing. You must pass the means test and attend credit counseling to qualify for chapter 7 bankruptcy in Westchester NY.
Typically, chapter 7 bankruptcy requires a person to liquidate their assets in order to repay their creditors as much as possible before the remaining debt is wiped clean, but there are many exceptions, and hiring an experienced Westchester bankruptcy lawyer is your best bet for eliminating credit card debt, medical bills, and personal loans while keeping valuable assets such as your house, car, sentimental heirlooms, or property.
Chapter 13 Bankruptcy, also known as “reorganization bankruptcy” is a form of debt relief intended to help married couples or individuals who are overwhelmed with debt, but make too much money to qualify for chapter 7 bankruptcies, or who have substantial equity in real estate.
If you are behind on your mortgage payments, retaining the services of a Westchester Bankruptcy attorney to assist you in filing Chapter 13 can prevent foreclosure and keep you in your home. With Chapter 13, you repay a portion of your debt to your creditors interest-free over the course of 3 to 5 years. With a few exceptions, such as student loans, your remaining debt is discharged when the repayment period expires. The benefits of Chapter 13 bankruptcy include debt reduction, a manageable repayment plan, and the ability to keep non-exempt assets that would normally be liquidated in Chapter 7 bankruptcies.
To better serve to clients, William Waldner dedicates his law practice solely to bankruptcy cases, offering clients unparalleled experience and expertise in personal finance and debt relief. Unlike other Westchester bankruptcy attorneys who delegate the bulk of their services to paralegals, William Waldner personally handles every aspect of each case. This decreases costs; increases quality and can ultimately save clients thousands of dollars in attorney fees, restitution to creditors, and protection of personal property.
William Waldner Bankruptcy Lawyer of Westchester free legal advice to people considering bankruptcy as a form of debt relief. If you need help surmounting extensive credit card debt, saving your home from foreclosure, stopping collection efforts, or simply want to learn more about the advantages and disadvantages of filing for Westchester bankruptcy, call (212) 244-2882 or contact The Law Office of William W. Waldner by using our online contact form. for a free in-depth consultation with William Waldner. During your free consultation, you will learn if filing for chapter 7 bankruptcies or chapter 13 bankruptcies is the best strategy for your situation.