Brooklyn Bankruptcy Attorneys
Many Americans fear the stigma of bankruptcy. They see the whole process as a financial white flag, a humiliating failure, or an embarrassing admission of defeat.
Nothing could be further from the truth.
Bankruptcy is actually a legal, respectable means by which individuals and corporations who have fallen on hard times—often due to circumstances completely beyond their control—can regain their financial footing and get a fresh start, free from fears of creditors and collection agencies.
If you reside in New York City and think bankruptcy may be an option for you, do not delay. Contact Brooklyn bankruptcy lawyer Gregory Messer today.
Types of bankruptcy
Not all bankruptcies are created equal. Gregory Messer, an experienced and reputable Brooklyn bankruptcy attorney, can help determine the right type of bankruptcy filing for you, based on your own particular situation.
Chapter 7 Bankruptcy
Chapter 7 is the most common form of bankruptcy filing in the United States. It gives debtors a fresh start by stopping collection calls, delaying foreclosures on their homes, and allowing them to pay off debts according to a prioritized order defined by a bankruptcy trustee.
State and federal exemptions also allow debtors to keep most real and personal property as they discharge debts. In most cases, bankruptcy attorney Gregory Messer is able to protect all of a debtor's assets via a Chapter 7 bankruptcy filing.
Certain corporations and partnerships are also eligible to file for Chapter 7 bankruptcies.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy lets debtors keep their property by reorganizing debts into a manageable form. Under Chapter 13, debtors pay off all or most of their bills according to an established payment plan supervised by a bankruptcy court. Payment plans generally cover a three- to five-year period. If approved, a court-appointed trustee receives a monthly payment from the debtor and distributes assets to creditors based on the stipulations outlined in the payment plan.
Chapter 13 also shields family members, business partners and loan co-signers from losses due to your bankruptcy. It lets you keep many of your assets as long as you make your monthly payments on time.
An experienced Brooklyn bankruptcy lawyer fighting for you
If you live in New York City and think bankruptcy may be a viable option for you, contact the Law Office of Gregory Messer online or at 718-619-8282 to schedule a free initial consultation. Our office is located across the street from the U.S. District Bankruptcy Court in Brooklyn and is close to the Borough Hall and Court Street subway stations. We serve residents throughout New York City and Long Island.
To ensure every client's filing receives the attention it deserves, we are an appointment-only law firm with flexible hours adjustable to fit your needs.
