Brooklyn Bankruptcy Attorney Serving the NYC Area

Helping consumers and businesses find debt relief in Brooklyn, the Bronx, Staten Island and Long Island

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.

Types of bankruptcy

Not all bankruptcies are created equal. Gregory Messer, an experienced and reputable 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 11 bankruptcy

Chapter 11 bankruptcy is used by businesses that believe they can pay off their debts by restructuring themselves. A business that files Chapter 11 often remains open as it develops and executes a debt repayment plan. A court-appointed trustee supervises the business to ensure it complies with reorganization guidelines.

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.

Bankruptcy alternatives

Sometimes achieving debt relief does not require a bankruptcy filing. We also help our individual and business clients by exploring bankruptcy alternatives, such as:

  • Asset Protection
  • Debt consolidation and negotiation
  • Stopping debt collection harassment
  • Loan modification
  • Avoiding foreclosure and foreclosure defense
  • Insolvency
  • Short sales
  • Debt collection
  • Budget counseling

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.

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 718-717-2368 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 Brooklyn, Bronx, Manhattan, Staten Island 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.

Contact the Firm