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Bankruptcy is a generalized term for a federal court procedure that helps consumers and businesses get rid of their debts and repay their creditors. If you can prove that you are entitled to it, the bankruptcy court will protect you during your bankruptcy proceeding. In general, bankruptcies can be categorized into two types -- "liquidations" and "reorganizations." Among the different types of bankruptcies, Chapter 7 and Chapter 13 proceedings are the most common for individuals and businesses. Chapter 7 bankruptcies normally fall in the liquidation category. Chapter 13 bankruptcies generally fall under the reorganization category, meaning that you will probably be able to keep your property, but you must submit and stick to a plan that will allow you to repay some or all of your debts within three to give years.
Howard Warner Law Firm have served the New York City metropolitan area for more than 35 years, : Manhattan, Queens, Brooklyn, The Bronx, Staten Island and Nassau, Suffolk, Westchester, Dutchess and Rockland counties. Give us a call to set up a free consultation, and we’ll help you take the necessary steps to get you back on your feet. Evening and weekend appointments are available.
Contact Information:
Howard S. Warner Attorney
Web Site: www.howardwarnerlaw.com
116 West 23rd Street, 5th floor
New York City, New York 10010
Telephone: (917) 783-0906
Email: howardwarnerlaw@gmail.com
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