Discharging Your Debt in Long Island
Long Island Bankruptcy Attorney
A Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay creditors. After the proceeds have been allocated to creditors, any remaining debts will be discharged. When a debt has been discharged by the court, you are no longer legally responsible for paying it, nor can your creditors attempt to recover any money they believe they are still owed. There are certain types of debts that cannot be discharged in a Chapter 7, such as:
- Alimony
- Child support
- Unpaid taxes within the past three years
- Educational loans
The debts that can be discharged in a Chapter 7 include most unsecured debt like credit card debt, personal loans, medical bills, and utility bills. Unpaid taxes from three or more years ago may also be discharged depending on the circumstances. If you are considering filing for bankruptcy, a Long Island bankruptcy lawyer should be consulted to discuss your financial situation and determine if you qualify for Chapter 7. A bankruptcy attorney can also tell you which of your debts will most likely be discharged. This is important information that can help you decide whether or not to file a bankruptcy petition.
Bankruptcy Legal Help
There are many confusing and oftentimes complex aspects to filing for bankruptcy. Retaining the services of a skilled bankruptcy lawyer can be extremely beneficial and ensure you get the most benefits out of the process, as well as help you avoid costly and time-consuming mistakes. Blutter & Blutter is a highly regarded law firm that provides comprehensive legal services to individuals, families and business owners in Nassau, Suffolk, Queens and Kings counties. They have many years of experience representing clients in bankruptcy Chapter 7, Chapter 11 and Chapter 13 cases, and can give you essential legal advice regarding your debts. The firm's attorneys work with clients one-on-one, and will effectively manage your case from beginning to end. They are seasoned and compassionate legal professionals that provide highly skilled and uncompromising representation.
Contact a Long Island bankruptcy attorney for qualified legal advice and representation if you are intending to file for bankruptcy.