Orange County Consumer Bankruptcy Lawyer
Making the choice to file for bankruptcy can feel overwhelming. At the Newburgh-based Law Offices of Michael D. Pinsky, P.C., you can be confident that our team will help you understand your bankruptcy options and take the steps necessary to help you get a fresh start. We have decades of experience representing clients across the Hudson Valley as they navigate bankruptcy and will ensure you do not feel alone in this process. To learn more about what a consumer bankruptcy lawyer at our firm can do for you, contact the Law Offices of Michael D. Pinsky, P.C. today and schedule a consultation.
Our Consumer Bankruptcy Services
At the Law Offices of Michael D. Pinsky, P.C., our firm has significant experience representing clients across the Hudson Valley as they navigate the challenges presented by consumer bankruptcy. We can effectively guide you through any type of consumer bankruptcy, including:
- Chapter 7 Consumer Bankruptcy
- Chapter 11 Consumer Bankruptcy
- Chapter 13 Consumer Bankruptcy
- The Automatic Stay
Chapter 7 Bankruptcy
Before filing for Chapter 7 bankruptcy, you will be required to go through credit counseling and attend a debtor education course to better prepare yourself for the future. After that is done, you must determine whether you are eligible for Chapter 7 bankruptcy by taking a bankruptcy means test. Through this test, it compares their income to the median income in the United States. To be eligible to file for Chapter 7 bankruptcy, your household income must be below the median income in the county where you live. The result of Chapter 7 bankruptcy is that you will liquidate your assets to discharge some of your debt.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is the option that is available to those who do not qualify for Chapter 7 due to their income but also do not qualify for Chapter 13 bankruptcy due to the amount of debt they have. It is important to speak with an attorney to determine if you are eligible for Chapter 11.
Chapter 13 Bankruptcy
If you do not qualify for Chapter 7 bankruptcy because you have too much income, you may be eligible for Chapter 13 bankruptcy. You will work with creditors to come up with a repayment plan over the course of 3 or 5 years, depending on certain factors. After the repayment period is over, you will be freed of any remaining debts.
The Automatic Stay
When filing for bankruptcy, individuals will have an automatic stay that goes into effect upon filing. The automatic stay bars creditors from harassing debtors. Creditors are not allowed to contact debtors in pursuit of compensation for their debt. This can give individuals the space they need to create a repayment plan. No longer will debtors have to face the stress of dealing with harassment from creditors.
Contact a Newburgh Consumer Bankruptcy Attorney
If you are in a difficult financial situation, it may be time to consider your bankruptcy options. The Law Offices of Michael D. Pinsky, P.C. has proudly served clients across the Hudson Valley when they need assistance with the bankruptcy process for decades. To discuss your legal options with a Newburgh bankruptcy attorney you can trust, contact the Law Offices of Michael D. Pinsky, P.C. today.