How Do I Know If I Should File for Bankruptcy in New York City?

Any New Yorker facing a financial crisis should look into all of their debt relief options before filing bankruptcy, but this is best done with the help of a bankruptcy attorney. Consulting with a bankruptcy attorney doesn’t mean they will force you into filings bankruptcy, or that they will even steer you in this direction. Only people that truly need bankruptcy protection should file, and a good attorney is not typically interested in filing bad cases. Bankruptcy is not a guessing game, if you qualify you will be relieved of your debts, and your attorney will have a good idea of the results of your case before you even file. Between Chapter 7, Chapter 13 and the combination of the two a debt relief solution is available for any truly struggling consumer in New York City. If you think you need help with your debts start with a bankruptcy attorney first. Avoid debt consolidation programs and petition preparation services that lack the power of the bankruptcy code and the knowledge an attorney brings to the table.

Not all debts are eliminated in bankruptcy, and there are some consequences to any bankruptcy filing. Before you file you and your attorney will evaluate your debts and the goals you have for your financial life to determine if bankruptcy will be beneficial. If bankruptcy is not the best option for you, your attorney will advise you on other options and may still be able to help eliminate your debts while avoiding bankruptcy altogether. There is no cookie cutter solution for debt problems, and not all bankruptcies or bankruptcy attorneys are created equal. If the firm you are looking into only advertises Chapter 7 bankruptcy then get a second opinion from another firm.

Our clients choose the Law Offices of William Waldner because of our willingness to explore all bankruptcy options. Many debtors are better served by filing Chapter 13, or by combining Chapter 7 with a Chapter 13 with two closely timed bankruptcy filings. We maintain a 100% Chapter 7 discharge record in New York City because we know when clients should file bankruptcy, and when they should look into other options. If you need help with your debt troubles, contact us for some free advice. We will help you get the most out of the bankruptcy process if you need it, or will steer you towards a better option if you don’t. If you live in New York City and are having trouble paying your bills please contact the Law Offices of William Waldner online or at 212. 244.2882 to arrange a free consultation today. We only practice bankruptcy law and a have a 99% Chapter 7 bankruptcy discharge record in New York City as of 8/31/16.

**** DISCLAIMER: This article is intended for educational purposes only. By reading no attorney-client relationship has been created. Prior results do not guarantee a similar result for future clients.