New York Bankruptcy Exemptions
Because of all of the misconceptions about bankruptcy, all too many people think they will lose all of their property when they file. While it is true that a Chapter 7 proceeding can result in the liquidation of assets, a Chapter 13 allows you to retain your assets while figuring out a payment plan to pay priority creditors.
Exempt Property and Federal Bankruptcy Law: What Can I Keep?
Depending on your circumstances, it is very likely that you will be able to keep most, if not all of your assets. A Chapter 13 filing, however, can be immensely complicated, and to arrive at the best resolution, it’s important to partner with a lawyer who can help you put together an ideal plan for your long-term financial health.
In 20 years of focusing on bankruptcy law, I’ve helped hundreds of clients arrive at a place of financial freedom through bankruptcy while they’ve retained the assets that mean most to them, including cars and houses. Because I also have a background in finance, accounting and economics and work one-on-one with my clients, I am able to look at issues that other attorneys might otherwise overlook.
Regardless of the issues involved in your filing, I’m committed to help you keep assets while getting a new financial lease on life. I encourage you to reach out if you have any questions.
To discuss any aspect of New York bankruptcy exemptions in a free initial consultation with Nassau County 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.
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.