Chapter 7 Bankruptcy Lawyers - White Plains, New York
Contact the Law Offices of Harold J. Johnson to speak with an attorney about finding financial relief through Chapter 7 bankruptcy filing. Call 914-368-7273.
Liquidating Unsecured Debt
Chapter 7 filing takes your unsecured debt (credit card debt, unpaid medical bills) and discharges it. While many worry that filing will forever ruin their credit, bankruptcy actually wipes the slate clean and allows you to begin again. By improving your debt to income ratio, your credit immediately improves.
The Means Test
The changes to the bankruptcy law in 2005 have resulted in the use of a means test to determine eligibility for Chapter 7 filing. The means test is based on household size and median income. Generally a single person making less than $44,000 per year is eligible to file for Chapter 7. Even if you make more than this amount you may be able to qualify. Our attorneys will help you examine other deductions, your debt to income ratio, rent, car payments, insurance and educational expenses. If you do not qualify for Chapter 7, we at the Law Offices of Harold J. Johnson are happy to discuss Chapter 13 as an option.
The Automatic Stay
If you are being hounded by creditors who call and e-mail at all hours, or if you are in danger of car repossession, wage garnishment or even home foreclosure, bankruptcy may provide the relief you need. When you file for bankruptcy an automatic stay is put into place.
The automatic stay immediately prevents creditors from continuing to contact you, temporarily stops foreclosure actions, repossession and wage garnishments. Our clients find reprieve from financial pressure and are able to make important decisions about their financial future. You still have to address unsecured debt, but you now have room to maneuver and a legal support to rely on.
Get sensible, effective solutions to your legal issues. At the Law Offices of Harold J. Johnson, we are dedicated to offering personalized assistance to the people and businesses that make up the communities in which we work and live. To reach our firm and determine through a means test if you are eligible for Chapter 7 bankruptcy relief, please call 914-368-7273. Contact us today to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
