117 Broadway | Hicksville, NY 11801

Logo

Free Consultation

Read Our Reviews

Call Us Now - (516) 433-1555

Chapter 7

Nassau County Chapter 7 Bankruptcy Lawyer

Chapter 7, often called a “fresh start,” “clean slate,” or “liquidation” bankruptcy, allows individuals to discharge unsecured debt and begin anew, allowing for the foundation of a stable and secure financial future.

Filing a Chapter 7 bankruptcy may not be the best method of filing if you own significant property, including real estate or vehicles — Chapter 7 can force you to give up this property.

In addition, the ability to file for Chapter 7 bankruptcy is contingent on whether or not you pass the means test. To pass the test, your household income must be less than the median household income of the same size in your state. In New York, the breakdown is as follows:

Number of Persons in Household Median Income
One person $45,931
Two people $56,113
Three people $66,953
Four people $81,212
For each additional person Add $7,500

If your household is not below the thresholds, you still may be eligible if your remaining disposable income is not sufficient to repay a portion of unsecured debt.

File Chapter 7 in Long Island

As a lawyer, with more than two decades of bankruptcy law experience, I’m ready to take my experience to look at the specifics of your situation to find out if Chapter 7 bankruptcy is the best financial move for you in the long run.

To discuss any aspect of debt liquidation in a free initial consultation with Nassau County Chapter 7 bankruptcy attorney Scott R. Schneider, call 516-433-1555 or e-mail him here.

I am a federally designated debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

Better Business Bureau

Bankruptcy Practice Spotlight

If you are facing a possible foreclosure, I can take my two-plus decades of experience to help you save your house.

Stop Foreclosure, Garnishments, Repossession, and Annoying Calls

I understand how stressful the prospect of losing a house can be and am committed to working one-on- one with you to understand all details involved in your financial situation.

Recently On Our Blog

Locations Served: