Get a Fresh Start Through Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a cheaper and quicker form of bankruptcy than Chapter 13 bankruptcy for people who are faced with overwhelming amounts of debt in New York. Chapter 7 bankruptcy, which is often referred to as “liquidation” bankruptcy, will discharge credit card debts, medical bills and other debts in a process that will take approximately four to five months. At the law firm of Jacobowitz and Gubits, LLP, our firm can help you determine whether Chapter 7 bankruptcy is the right option for you, whether you qualify and what the consequences will be once debts are discharged through the process. We will guide you through that process, help you avoid common mistakes and provide a fresh start for your financial future.

Debt Relief for Individuals and Families in New York

While new laws regarding bankruptcy were enacted in 2005 that made it more difficult for some people to qualify for Chapter 7 bankruptcy, the large majority of people still qualify and are able to discharge:

  • Credit card debts
  • Medical bills
  • Payday loans
  • Personal loans
  • Deficient car and real estate balances

Some types of debt, such as student loans and taxes, may not be discharged through Chapter 7. For people who do not qualify or who would not be best served by Chapter 7, Chapter 13 bankruptcy may make more sense as an option for debt relief. We will review your situation and help you eliminate your debt.

Contact Us to Determine Your Best Debt Relief Option

For more information, contact us at the law firm of Jacobowitz and Gubits to talk with an attorney about Chapter 7 bankruptcy in New York. Call us to schedule an appointment for an initial consultation at 845-764-9656 or 866-303-9595. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.