Eliminate Debt with New York Bankruptcy

In New York, most individuals and married couples can get relief under chapter 13 or chapter 7 bankruptcy.

We often describe chapter 7 bankruptcy as a process of “liquidation” since it might cause the sale of certain assets to pay back debt. Chapter 7 bankruptcy can help eliminate most unsecured debts, like credit cards and medical bills, but most secured loans (like mortgages) will remain intact. If you have no money left over at the end of the month to pay your bills, you would probably choose chapter 7.

If you would lose assets by filing for chapter 7, then Chapter 13 Bankruptcy might be a better option than liquidating those assets through Chapter 7. In this case, instead of liquidating assets, a repayment plan allows the debtor to pay back their creditors over three-to-five years with lower monthly payments than they were previously making on their debts. At the end of this time frame, the court discharges any remaining balances – meaning they no longer need to be paid back.

Filing for bankruptcy in New York can help you eliminate debt and get a fresh start. After filing for bankruptcy in New York, understanding how it can protect your assets from creditors is crucial to ensure a secure financial future.

Key Takeaway: For those facing mounting debt in New York, Chapter 7 and 13 bankruptcy are available to help. Chapter 7 offers liquidation of assets to pay back creditors while chapter 13 involves a repayment plan with lower monthly payments over 3-5 years, leading to any remaining balances being discharged by the court at the end.

Protect Your Assets with New York Bankruptcy

If you are facing a lawsuit or the potential loss of your home, filing for bankruptcy in New York may be an option to protect your assets. Our lawyers can help you safeguard your possessions in the most effective way.

Chapter 7 and Chapter 13 bankruptcies offer different levels of protection for debtors in New York. Chapter 7 eliminates most unsecured debts, while allowing some property exemptions that allow debtors to keep certain items like their car and home. However, certain debts, like mortgage, car and rental arrears, need to be paid separately if you decide to keep your home or car.

Chapter 13 bankruptcy offers debtors the ability to restructure their obligations into a more manageable payment plan over three-to-five years. Chapter 13 also stops foreclosure proceedings if mortgage payments, evictions, most car registration suspensions and car repossessions.

Our team of experienced attorneys will help guide you through every step of the process so that you can feel confident about protecting your hard-earned assets and getting back on track financially.

By filing for bankruptcy in New York, you can protect your assets and start fresh. Get professional advice on the best course of action when considering a bankruptcy filing in New York to ensure that we explore all options.

Key Takeaway: Our lawyers are knowledgeable in the intricacies of filing bankruptcy in NY, from Chapter 7 to 13. Don’t go through this alone. – we’re here to provide comprehensive legal advice and stand up for what is rightfully yours.

Get Professional Advice on New York Bankruptcy

To make the bankruptcy filing process easier and less confusing, our firm provides expert advice on New York Bankruptcy.

We specialize in Chapter 7 and 13 consumer bankruptcies, which allow individuals to discharge or reorganize their debt depending on their specific circumstances. Chapter 7 allows individuals to eliminate many unsecured debts, like as credit card bills and medical expenses, without having to repay them. In Chapter 13, individuals can restructure their debts into a more workable repayment scheme that will last from three to five years and permit them to keep certain possessions, such as a home or automobile.

No matter the bankruptcy, it is essential to have all relevant info before settling on any financial choices. We will provide you with the information necessary to make an informed decision regarding your financial future.

Our team has endeavored to offer personalized service, helping countless clients find the light at the end of the tunnel by providing comprehensive advice on filing for New York Bankruptcy protection laws. With our expertise in this area of law and our innovative knowledge, we make sure that each client gets individualized attention so they can get back on their feet financially.

Key Takeaway: At our firm, we provide comprehensive guidance and personalized service to help individuals understand the complex process of filing for New York Bankruptcy. Our firm is unique in that we offer the 720 credit program for free, help ensure that creditors removed discharged debts from your credit after bankruptcy for free and have solutions for student loans after chapter 7 discharge.


Filing bankruptcy in New York can be a complex and daunting task, but with the right guidance from an experienced expert, you could restore your finances. Don’t let debt take control of your life; explore all available options to make sure that filing for New York bankrupt is the best decision for you. With the help of a knowledgeable attorney, you’ll have peace of mind knowing that you explored all solutions before making this important financial decision.

Take control of your financial future and contact the Law Office of William Waldner for expert advice on New York bankruptcy law. Our experienced attorneys can help you determine if Chapter 7 or 13 is right for you.