Tribeca Bankruptcy Attorney
If you live in Tribeca or lower Manhattan you are well aware of the premium you are paying to live in such a highly sought after area of New York City. Upscale residential buildings come with steep rent, and to find a deal on groceries you’ll probably need to leave the city entirely. Tribeca is expensive. Ironically however, if you are struggling to make ends meet, living in Tribeca can actually help your case if you move forward with filing bankruptcy. The high price it costs to live in Tribeca is accounted for on the bankruptcy means test meaning that even high income earners will likely still qualify for bankruptcy protection if they happen to live in Tribeca. If you are having trouble paying your bills speak to a bankruptcy attorney about your options before moving out of Tribeca or into a cheaper place.
For a given individual bankruptcy will usually be easier to qualify for when living in Tribeca then in a less expensive part of the city. If you are struggling to make your rent or mortgage payment then bankruptcy will also help you keep your apartment by allowing you to catch up on your back overdue rent or mortgage payments. If you file Chapter 7 bankruptcy all of your unsecured debt like credit cards, medical bills and personal loans will be completely eliminated as well. With all of your bad debt wiped out it might be possible to even find a better apartment in Tribeca instead of having to leave Manhattan altogether, and if you decide to stay your landlord will be powerless to evict you. Bankruptcy is powerful, but is not a free ride. It is intended to give people a fresh start when they truly can’t make their ends meet. There are some ramifications to any bankruptcy, but for our clients the positive outcome always outweighs any negative consequences. Our clients always keep their homes, cars and valuable possessions in bankruptcy.
If you live in Tribeca and are underwater financially you could be a great candidate for bankruptcy protection already. Get the free advice you need from an expert skilled in helping people with their debts. We are experienced in both Chapter 7 and Chapter 13 bankruptcy cases and can often combine elements and benefits of both types of bankruptcy for our clients. 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.
**** 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.