Bankruptcy is not without consequence, but it is still one of the most feasible and efficient ways to overcome your debts. Taking the time to review your assets, your income and your debts with an experienced bankruptcy lawyer can help you determine what type of debt relief is right for you and take action.
You Can Get Immediate Relief From Your Financial Woes
My name is John McKeown, and I am a solo attorney with decades of experience in bankruptcy law in the Finger Lakes region of New York. If you have had your wages garnished, are being harassed by creditors or simply cannot keep up with your bills, I encourage you to contact me as soon as possible.
During our meeting, we will determine what type bankruptcy is right for you. My staff and I are experienced with all of these types:
- Chapter 7 bankruptcy: Chapter 7 bankruptcy is most commonly used for individuals who have little to no income and significant unsecured debts (i.e., medical bills, credit card debts and personal loans, etc.) In these cases, some assets could be liquidated and the money distributed among creditors by a bankruptcy trustee. Yet, while many people fear the potential loss of their assets to bankruptcy, there are many ways to protect yourself from full liquidation. Each case is different, so make sure to speak with a bankruptcy attorney to get the most accurate information and advice available.
- Chapter 13 bankruptcy: In Chapter 13 bankruptcy, we will scrutinize your budget and carefully prepare a list of all your debts, income and property in order to find a way for you to pay them off over a three- to five-year period, assuming penalties and interest charges were lowered or eliminated. If the manageable payment plan we develop is approved, Chapter 13 allows you to pay all or most of your debts off under more reasonable terms. So, the timeline for Chapter 13 is much longer than Chapter 7, but this plan can be advantageous if you have significant assets that you want to save from liquidation, or you make too much money to qualify for Chapter 7. By arranging a manageable repayment plans, Chapter 13 bankruptcy can give you a reasonable timeline and a bright outlook on the future.
- Chapter 11 bankruptcy: This is similar to Chapter 13 but is generally reserved for businesses. However, it is also available to individuals whose debts exceed the Chapter 13 limits. During a Chapter 11 bankruptcy, the business continues to operate but is allowed to restructure its debt, and unsecured debts are often wiped out.
- Chapter 12 bankruptcy: This is also similar to Chapter 13 but is tailored to the special circumstances of family farmers, ranchers and fishermen.
Contact John F. McKeown For Immediate Help With Your Creditors
In all bankruptcy cases, the moment you file an "automatic stay" will be placed on all actions from creditors, including wage garnishments, property levies and foreclosure actions. This gives us time to review your situation and ease the stress you are under while we find a solution to your debt issues.
I welcome you to email me or reach me by telephone at 585-337-0479 to schedule an initial consultation at my office in Canandaigua or Rochester. Getting a fresh start is possible, and when you call my office you can swiftly get on the path to doing so.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.