Queens Debt Relief Lawyer Since 1991
Analyzing your bankruptcy options in Queens, Brooklyn, Bronx, Manhattan, Nassau and Suffolk County, NY
If you are overwhelmed with debt, bankruptcy might be a good solution. But before you file for Chapter 7 or Chapter 13 bankruptcy, you should learn about all of your rights and options from a qualified Queens debt relief attorney at Mark E. Cohen, Esq..
With more than 30 years in bankruptcy law, I understand the process, know the rules and rule makers, and also know the pitfalls to avoid. I help decide what is best in your specific situation. You can count on me to be at your side no matter which path you choose.
Alternatives to bankruptcy
Some clients come to me because they are being bombarded by debt collectors. They pay money on their bills, but it is not enough or on time. If I discuss your options and determine bankruptcy is not right for you, I can still help get creditors off your back and offer non-bankruptcy solutions when appropriate.
As a debt relief attorney in Queens who knows the ins and outs of bankruptcy law, I can help you avoid bankruptcy pitfalls. I understand the strategies debt collectors use and your rights under New York law. I also know that the Federal Debt Collection Practices Act gives you the right to be free from creditor abuse and harassment. I can help you negotiate with creditors for a more workable payment plan, but you must remember that if you miss a payment under such a plan, you do not have the same protections you would in bankruptcy.
Chapter 7 bankruptcy
In reviewing your case, I consider the viability of filing for Chapter 7 bankruptcy. Chapter 7 permits clients to eliminate most debt and make a fresh start. There are many factors to consider in determining if Chapter 7 bankruptcy is right for you, but the first action I must take is to ensure you qualify by meeting the requirements of the Chapter 7 means test. This test determines if your monthly disposable income is low enough, by government standards, to warrant bankruptcy.
I also assess which, if any, of your assets are exempt from bankruptcy under your specific circumstances. Exempt assets might include your home, retirement savings and your car.
To learn more, contact my law firm for a Queens Chapter 7 bankruptcy attorney who can help.
Chapter 13 bankruptcy
I also guide clients through the process of restructuring and repaying their debts in a Chapter 13 bankruptcy when that is the best course of action. Chapter 13 is typically a viable solution for individuals and families who have a source of income and can pay part of their debt.
I analyze all of your financial details to determine if Chapter 13 is right for you. Learn more about repayment plans by speaking to a Queens Chapter 13 bankruptcy attorney.
Foreclosures and bankruptcy
In nearly every case, filing for Chapter 7 or Chapter 13 bankruptcy staves off foreclosure on your home while the court and your creditors determine whether you can keep it. Ultimately, most people who file for Chapter 13 bankruptcy can keep their home if they are able to pay part of their back payments in addition to keeping up with their monthly mortgage obligation.
If this all sounds too complicated, it doesn’t have to be. When choosing among Queens debt relief lawyers, consider that I have handled more than 2,000 bankruptcies in the last 30-plus years. I can explain the impact of bankruptcy on foreclosure in clear language, and I fight to help save homes. Learn more about bankruptcy and foreclosure by talking to me about your options.
To ease the stress of overwhelming debt, call our debt relief attorney in Queens
All too often, good people find themselves in financial trouble that quickly spirals out of control. For more than 30 years, I have helped people like you understand the available options, make informed decisions and navigate through the complex process of filing for bankruptcy.
Located on Queens Boulevard in Forest Hills, I offer a wide range of services to individuals and families suffering from the weight of debt. Call Mark E. Cohen, Esq. at 718-487-9979 or contact me online to schedule a free consultation.