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Bankruptcy FAQs
New York Bankruptcy Attorney
If you are considering filing for bankruptcy in New York, you are sure to have many questions. How does bankruptcy work? Can bankruptcy help me? How will my credit be affected? What will happen to my property?
At the Law Office of Ingber & Provost, our attorneys will give you all the information you need to make an informed decision, and will work to ensure that all of your questions are answered with respect, compassion, and confidentiality.
Can Bankruptcy Help me?
Whether bankruptcy is right for you will depend on your particular situation, as well as your long and short term financial goals. Bankruptcy has a number of benefits, including the power to stop foreclosure, put an end to creditor harassment, and to discharge all eligible debt. A New York bankruptcy lawyer can talk to you about how filing for bankruptcy may affect you.
Will Bankruptcy Affect my Credit?
Filing for bankruptcy will affect your credit score. However, you can bounce back quickly and begin to rebuild your credit almost immediately. Applying for a secured card and taking care in paying bills on time will help you rebuild your credit. In many cases, people who file for bankruptcy become eligible for loans within several months after a filing. In some cases, your credit score increases quickly, simply because you no longer have debt.
What will happen to my property?
One common bankruptcy myth is that you will lose all of your property if you file. This is simply untrue. Although a chapter 7 bankruptcy involves the possible liquidation of assets, much of your property will be protected. In fact, it is extremely rare for anyone who files for chapter 7 bankruptcy to lose any property. If you file a chapter 13 bankruptcy, none of your property is at risk.
If you are considering filing for bankruptcy in New York, you are sure to have many questions. How does bankruptcy work? Can bankruptcy help me? How will my credit be affected? What will happen to my property?
At the Law Office of Ingber & Provost, our attorneys will give you all the information you need to make an informed decision, and will work to ensure that all of your questions are answered with respect, compassion, and confidentiality.
How Does Bankruptcy Work?
Bankruptcy essentially offers a debtor a fresh start financially by eliminating all eligible debt. Assets may be liquidated to pay off creditors (as in a chapter 7 case) or the debtor will work out a repayment plan to pay off a portion of his or her debt (as in a chapter 13 case). The end result will be the discharge of all eligible debt.
Can Bankruptcy Help me?
Whether bankruptcy is right for you will depend on your particular situation, as well as your long and short term financial goals. Bankruptcy has a number of benefits, including the power to stop foreclosure, put an end to creditor harassment, and to discharge all eligible debt. A New York bankruptcy lawyer can talk to you about how filing for bankruptcy may affect you.
Will Bankruptcy Affect my Credit?
Filing for bankruptcy will affect your credit score. However, you can bounce back quickly and begin to rebuild your credit almost immediately. Applying for a secured card and taking care in paying bills on time will help you rebuild your credit. In many cases, people who file for bankruptcy become eligible for loans within several months after a filing. In some cases, your credit score increases quickly, simply because you no longer have debt.
What will happen to my property?
One common bankruptcy myth is that you will lose all of your property if you file. This is simply untrue. Although a chapter 7 bankruptcy involves the possible liquidation of assets, much of your property will be protected. In fact, it is extremely rare for anyone who files for chapter 7 bankruptcy to lose any property. If you file a chapter 13 bankruptcy, none of your property is at risk.
Middletown NY Bankruptcy Lawyer and Long Island Bankruptcy Attorney
For more information, contact a N.Y. bankruptcy attorney at our law firm today. We represent clients throughout Orange County, Ulster County and Dutchess County, New York. We also help clients in the New York metro area, including Long Island.Ingber & Provost, LLP
Toll Free: (866) 733-2720 | 24-Hours, 7 days per week
Email: tprovost@ingberprovost.com
| Dutchess County 25 Market Street, Suite 700 Poughkeepsie, NY 12601 |
Orange County 53 Roe Rd. Bloomingburg, NY 12721 |
Long Island 445 Broad Hollow Rd., Suite 25 Melville, NY 11747 Phone: (516) 627-5809 |
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Free consultation for up to 1/2 hour by phone or in person
Call Toll Free:
(866) 733-2720
Email:
tprovost@ingberprovost.com
