Bankruptcy Law

Legal Help for Business Owners & Individuals

Legal ServicesAbout Us

Bankruptcy Law

Legal Help for Business Owners & Individuals
Legal ServicesAbout Us

Call Our Office

516.228.3505

Visit the Office

3000 Hempstead Turnpike, Suite 401, Levittown, New York 11756

New York Bankruptcy Lawyer

 

The most common types of bankruptcy include:

  • Chapter 7: Also known as pure bankruptcy or liquidation.
  • Chapter 13: A work out or court supervised restructuring of debt for individuals within certain limited financial parameters. Creditors must paid at least the same or more than they would receive under a Chapter 7. Such plans may not extend over more than 5 years.
  • Chapter 11: A court supervised work out where the business or individual establishes a pay out plan to remain in business.
  • Chapter 12: Bankruptcy plans for farmers.

Bankruptcy laws also protect creditors. If someone you, or someone you know is owed money by a bankrupt individual or business they should consult a competent bankruptcy attorney to determine what they may do to protect their financial interest through filing notices of claim, objecting to a discharge or an adversary proceeding.

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Contact

Reach us through our contact form or call:

Phone

(516) 228-3505

Fax

516-228-8608

Our Address

3000 Hempstead Turnpike, Suite 401, Levittown, New York 11756