Contact Bankruptcy Attorney Albany Today!
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The purpose of bankruptcy is to eliminate debts and free the debtor from the burden of repayment. Bankruptcy can also be beneficial to businesses as it can reduce or eliminate the debts of a company. Our bankruptcy lawyers in Albany, NY at Bankruptcy Attorney Albany represent clients in all chapters of the bankruptcy code and are happy to answer any questions you might have about this process. We have helped countless clients eliminate credit card and medical debt and protect future earnings from creditor claims. Bankruptcy is an option for many people who have become overwhelmed by debt. Bankruptcy is not a stigma and it provides a fresh start for those who need it. It can even help protect a person's assets and allow him or her to keep them.
However, it is vital that a person filing for bankruptcy has a qualified attorney on their side. The right attorney can help the debtor get a fresh start. The process of bankruptcy begins with a petition, a long document that details outstanding debts and other issues. It is filed with the court using a specific format and is typically drafted by a bankruptcy attorney. Once this important document is prepared, the clock begins ticking and the bankruptcy process can begin. Our legal services in Albany, NY offer a free initial consultation. At the consultation, our bankruptcy attorney will ask several questions to determine your financial situation. After analyzing your financial situation, he will provide an estimate of the cost of filing for bankruptcy. |
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A free initial consultation with our lawyers can help alleviate stress and help you make the best decision for your circumstances. Whether you choose a chapter 7 bankruptcy or a chapter 13 bankruptcy or a business bankruptcy in Albany, NY, you'll be relieved to know that our lawyers know the law and will be able to work with lenders and creditors to get you the best outcome. If you can't pay your debts in full, you should consider a chapter 13 bankruptcy. This option reorganizes your assets, consolidates payments, and discharges unsecured debts. Most assets can be kept in this type of bankruptcy, and you may even be able to save your home or car. It also requires your best efforts to repay your debts. The benefits of bankruptcy will include a fresh start and freedom from harassing calls.