New York Bankruptcy Lawyer Frees You from Crushing Debt
Providing solutions to overwhelming debt
Especially in our poor economy, where jobs are unavailable or pay is significantly less than what it once was, mounting debt can begin to feel unmanageable and overwhelming. Fortunately, Howard E. Knispel, P.C. brings knowledge and skills to help you take control of your debt so you can take control of your life.
Negotiators of debt relief options
I want what is in your best interest, which is not always bankruptcy. When bankruptcy is not your best option, I step in on your behalf to persuade creditors to lower your debt and accept more reasonable monthly payments.
Experienced debt analysis
I truly listen to your needs and thoroughly analyze your case to determine if bankruptcy offers the most effective way to ease your financial burden. I review your debts, income and expenses, and explain the ultimate impact bankruptcy would have on your family, business, home, and future credit. I answer all your questions about the bankruptcy process and the outcomes you should expect. My compassionate approach to bankruptcy leaves no surprises.
Reprieve through automatic stay
Creditors’ aggressive collection methods unfairly compound the stress of escalating debt. You can put an end to the constant harassing phone calls and letters meant to intimidate you into paying debts you cannot afford. As soon as you file for bankruptcy, creditors must immediately stop collections efforts, including those distressing letters and phone calls. I then deal with your creditors so you can regain your peace of mind.
Your bankruptcy options in New York
The U.S. Bankruptcy Code provides relief for businesses and consumers. Each has different eligibility requirements and different advantages in particular situations. The most common forms of bankruptcy are:
- Chapter 7 bankruptcy: If you and your spouse own few assets and earn relatively low wages, Chapter 7 bankruptcy is available to provide relief from your debts through liquidation of your assets. Because many household and personal items are exempt from bankruptcy liquidation, you can make a fresh start with limited disruption to your life.
- Chapter 11 bankruptcy: If you own a corporation, partnership or sole proprietorship, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan. The Chapter 11 option helps you escape debt without losing the business you struggled so hard to build.
- Chapter 13 bankruptcy: Chapter 13 bankruptcy enables you to prevent your lender from foreclosing on your home. If you and your spouse have substantial incomes, but sudden illness, job loss or another unexpected circumstance has interfered with your ability to pay your debts, Chapter 13 bankruptcy permits you to pay debts over time in smaller amounts.
If bankruptcy is the right choice for you, I stay at your side, guiding you through the process from start to finish.