NEW YORK BANKRUPTCY LAWYER

Providing Services in Hindi, Urdu, Punjabi, Marathi, & Gujarati

Have you been struggling with debt for several years? Your financial circumstances may have resulted from a medical emergency, layoff, divorce, or any other unexpected event. No matter the case, debt is a constant source of stress, and it can be easy to believe that financial freedom is simply unattainable.

At the Law Office of Seni Popat, however, our New York bankruptcy lawyer has years of experience helping individuals and families overcome situations just like yours. Bankruptcy is an intimidating legal concept unless you have high-quality, dedicated support, which is what we provide every day for our clients.

Attorney Popat is dedicated to serving all communities throughout New York, but he also has considerable experience representing clients from India, including Muslims, Sikhs, and families from Bengal, Pakistan, and surrounding areas. He can provide services in Hindi, Urdu, Punjabi, Marathi, and Gujarati, which allows him to help families from all around the world achieve freedom from unmanageable debt.

Schedule your free initial consultation with our Indian bankruptcy lawyer in New York by calling (718) 340-3385 or contacting us online.

How Bankruptcy Can Help You

Bankruptcy is a legal process that provides court-ordered relief from qualifying debts. The exact process, timeline, and requirements depend on the chapter you file.

Our New York bankruptcy attorney can help you file:

• Chapter 7 bankruptcy. Chapter 7 typically takes less than six months. The trustee may use your assets to repay creditors, but most people who file Chapter 7 can protect everything they own from this liquidation process by claiming state or federal bankruptcy exemptions. Chapter 7 is the most common type of bankruptcy filed by consumers in the United States. To qualify, you generally must make less than the median income in your state for a household the same size as yours. However, there are some exceptions to this threshold.
• Chapter 13 bankruptcy. Chapter 13 is a much longer process. For 3-5 years, you will make monthly payments toward your debt, and the trustee will collect the payments and distribute the funds to your creditors. It does not involve a liquidation process, but you will need to pay the value of your nonexempt property over the course of your plan. Under certain circumstances, you may benefit from a vehicle loan cramdown and/or second mortgage lien-stripping. There is no income limit for Chapter 13, but you must owe less than $419,275 in unsecured debt and $1,257,850 in secured debt.

No matter which chapter you file, your petition will trigger a court order called the automatic stay. This order protects you from all types of debt collection tactics for the duration of your case. As such, you will be free from calls, letters, lawsuits, wage garnishment, foreclosure, repossession, and more.

Once your case is complete, the court will discharge qualifying debts. When a debt is discharged, the borrower is no longer liable for it, and the creditor or debt collector is no longer allowed to pursue it. This elimination of debt is permanent. You can receive a debt discharge after either Chapter 7 or Chapter 13.

Through bankruptcy, you may be able to wipe out debts such as:

• Medical bills
• Credit card debt
• Unsecured personal loans (e.g. “payday loans”)
• Unpaid utility bills
• Old income taxes (in certain cases)
• Student loans (in rare cases)

Bankruptcy can also eliminate your liability for mortgage debt and automobile loans, but that may not mean you are safe from foreclosure or repossession. Our New York bankruptcy lawyer can provide a more personalized assessment of how bankruptcy may improve your financial circumstances and affect your property ownership.

Are you ready to begin your bankruptcy process? Call (718) 340-3385 or contact us online. We can answer your questions and address your concerns during your complimentary case evaluation.