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Are you facing financial difficulties? Has the economy caused havoc in your life? Have you lost your job and don't know what else to do? Don't give up hope just yet. John Lehr Bankruptcy Attorneys offer legal advice to those facing insolvency issues. We work closely with you to ensure you get the best possible outcome.
Bankruptcy laws protect people who cannot pay their debts. You may be unable to pay because you've lost everything, or you're unwilling to borrow anymore. Debt collectors can ruin your life if you don't know where to turn. A bankruptcy lawyer can help you get back on track.
If you have a debt problem, you should first talk with skilled bankruptcy attorneys at the law firm of John Lehr. The law allows you to file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy if you can't pay your debt. You may be able to save your home and other assets by filing under one of these chapters.
If you are considering filing for Chapter 7 bankruptcy, the first thing that you need to do is to find out if you qualify. If you have too much debt and cannot pay it off, you may be able to file for bankruptcy. But there are some things that you should know before you decide whether you want to file for bankruptcy. Consulting with a Bankruptcy Attorney will help determine your correct course of action.
Chapter 7 is the most common type of bankruptcy filing in the United States. Filing Chapter 7 bankruptcy liquidates your assets to meet creditors' claims. Chapter 7 allows you or your business to get rid of all unsecured debt and some secured debt. You may be able to keep certain property you own by using exemptions under state law. A trustee will sell any nonexempt property you do not use within 60 days after the petition date. If no assets are available for distribution, then your creditors get nothing.
If you're considering filing for bankruptcy, it's important to understand the different types. Chapter 11 bankruptcy is available when you have no assets and cannot pay your debts. Chapter 11 permits the reorganization of an existing business, corporation, and some individuals. Filing Chapter 11 can help to stop a foreclosure or repossession of property. It may also help if you risk losing your home because of unpaid bills. Finally, a Chapter 11 bankruptcy will allow you to keep your house while paying all your debt. This chapter is not for everyone, but it can help you get back on track.
The third type of bankruptcy is called Chapter 13 bankruptcy. Filing Chapter 13 benefits you when you want to pay off the debts over time rather than sell your assets. Chapter 13 requires the debtor to file a detailed plan with the court. We can file this specific payment plan for you. The plan must specify how much money you will pay each creditor over the life of the plan. It must also list what property you intend to keep and what property you plan to give up repaying creditors. After filing the plan, a bankruptcy trustee reviews it and makes sure it complies with the requirements of Chapter 13. Finally, the trustee then approves or disapproves of your plan. If the trustee approves your plan, you can then begin making payments under the approved plan. Debtors then directly pay the creditors who have filed claims against them.
At the law firm of John Lehr P.C., we've handled thousands of cases over the years. If you file for bankruptcy, you must list your assets and liabilities. We will tell you what types of debts you can face if you file for bankruptcy and offer advice based on your unique situation. Our attorneys provide solid legal counsel, and you can expect expert guidance throughout your case. So, call us today if you're looking for help navigating the bankruptcy process or want to know your options.
When someone is struggling financially, it can feel like all hope is lost, but don't give up. A lawyer for debt elimination can discuss your options to lower or cut your monthly payment. The Law Office of John Lehr P.C. offers legal help in bankruptcy law, personal bankruptcies, and debt relief. In addition, we provide free consultations and work with individuals and businesses throughout the area of New Hyde Park, New York.
Our team of experienced bankruptcy and debt elimination attorneys is ready to help you. If you are having trouble paying back a loan, our attorneys may be able to help. We have experience helping people who owe money on their mortgage, car loans, student loans, credit cards, medical bills, and more. We can also help if you're being sued by creditors or facing foreclosure. Our lawyers know how the legal system works and your legal rights as a consumer. If you need help with debt collectors, we'll tell you all your options for debt elimination.
For the debt relief you’ve been looking for, call the law firm of John Lehr, P. C. in New Hyde Park, NY, today at (516) 200-3238.