Midtown East Bankruptcy Attorney
Living in Midtown East can be extremely convenient for people working in New York City, but it comes at a very high price. With the average two bedroom apartment renting for over $3,500 per month it’s easy to see why the population ebbs from nearly 200,000 during the day to less than 40,000 at night. Many Midtown East residents are forced to leave the neighborhood or face financial ruin. If your financial problems have been compounded by job loss, medical bills, or toxic credit card debts consider your financial options before moving out of the city. The thing is, if you are struggling to make your ends meet and already considering bankruptcy protection then living in Midtown East can actually help your case.
Living in Midtown East is expensive, and the bankruptcy courts know this too. The high living costs for Midtown East residents are taken into account on the bankruptcy means test. The means test calculates your income deducts, among other things, average local housing expenses to see if you qualify for bankruptcy. Speak to a bankruptcy attorney before moving from your apartment, or as soon as possible after you have moved to another part of the city. Bankruptcy could be easier to qualify for if you have been living in Midtown East than in a less expensive part of the city.
If the expensive rent is keeping you from paying your other bills, realize that bankruptcy can eliminate almost all debts including credit cards, medical bills, personal loans, and even mortgage or rental arrears. Bankruptcy will give you more money each month to pay your rent, or if the situation is urgent bankruptcy can even stop an eviction immediately-in less than a day in fact. Bankruptcy is the most powerful form of financial recovery and can give you a fresh start on your finances without forcing you out of your home.
Bankruptcy is intended to give people a fresh start when they truly can’t make their ends meet. There are some consequences to any bankruptcy, but for our clients the pros always outweigh the cons. Our clients almost always keep their homes, cars and valuable possessions in the bankruptcy process. But not all bankruptcies or bankruptcy attorneys are created equal. If you live in Midtown East get the free advice you need from an expert skilled in helping debtors in New York City. If you live in New York City 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 maintain a 99% Chapter 7 bankruptcy discharge record in New York City as of 8/31/16, and are right in Midtown East.
**** 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.