Having an attorney to counsel and advocate for you throughout your Chapter 13 or Chapter 7 bankruptcy proceedings can make a significant improvement in your outcome. At Kridel Law Group, our bankruptcy attorneys strive to minimize the assets our clients will have to liquidate and secure the most favorable payment schedule that we can. For more than 40 years, we have represented individuals and business entities in bankruptcy cases throughout New York and New Jersey.
Some of the matters we regularly handle include:
- Discharge of taxes through bankruptcy
- Offers in compromise
- Installment agreements
- Foreclosure defense
- Innocent spouse relief
- Gambling losses
The more complex your situation is, the more important it is to have a bankruptcy lawyer. We employ the latest developments in technology to gather financial records and streamline the process.
Chapter 7 Vs. Chapter 13: Which Is For Me?
The most common type of bankruptcy in the U.S. is Chapter 7, closely followed by Chapter 13. In broad terms, the differences between these two are as follows:
- Chapter 7: Also called liquidation bankruptcy, Chapter 7 allows individual debtors to sell certain unsecured assets to repay their creditors.
- Chapter 13: In this form of bankruptcy, debtors can work with their creditors to develop a three to five year repayment plan.
Each option has a set of detailed criteria to determine which one fits you best. Sit down with our team and we can discuss in-depth which course of action is right for you.
Discuss Your Options With A Bankruptcy Lawyer
Do not think of bankruptcy as a failure; think of it as a new beginning. Kridel Law Group is ready to help you with that new beginning. To schedule your initial consultation with an attorney, please contact us by using our online contact form, calling our Manhattan office at 212-924-1625 or calling our Clifton office at CALL.