Robert Aronov, Esq is a New York bankruptcy attorney’s office where the lawyers are involved with their clients from beginning to end. The bankruptcy lawyers will meet with you, will return your phone calls and answer your questions. Bankruptcy lawyers at Robert Aronov & Associates, PC believe that only by truly listening to a client’s concerns, problems or fears can an effective solution to the problem.
Through that hands on philosophy, combined with our experience, we will be able to guide you through your legal or financial difficulties.
The bankruptcy lawyers at our law firm have been handling complex Chapter 7, Chapter 11 and Chapter 13 bankruptcy cases. The legal experience of our bankruptcy lawyers can be invaluable in helping you navigate the tough economic landscape that we are all experiencing. Most importantly, that experience and knowledge can help you determine if a bankruptcy is the right option for you and if so, then whether a Chapter 7, Chapter 11 or Chapter 13 is the proper and most beneficial form of bankruptcy for your needs.
The bankruptcy lawyers at Robert Aronov & Associates, PC will give you a fresh start and use the latest developments in the bankruptcy law to protect your interests.
When filing a Chapter 7 bankruptcy, known as liquidation bankruptcy, Chapter 7 will discharge all of a consumer’s unsecured debt. This is accomplished by turning over all non-exempt property to a bankruptcy trustee who will sell the items and use the proceeds to pay the creditors.
Chapter 7 bankruptcy cases don’t actually require the debtor to surrender the property. Secured debt, such as car loans or mortgages, must be reaffirmed for the consumer to keep the item that is used to secure the debt.
About 90 days after the case is filed, the consumer in most cases will be granted a discharge and will no longer owe the debt.
While a Chapter 7 consumer bankruptcy is simple in theory, there are a number of factors to consider among many here are the two important ones:
Bankruptcy lawyer must review and make sure that: the consumer must qualify by going through a mandated “Means Test” that is used to determine how much disposable income would be available to pay creditors.
Second, not all debt can be discharged in a Chapter 7 bankruptcy. Debts arising from taxes, student loans, alimony, child support, drunk driving or intentional acts are not eligible for discharge.
Our experienced staff and bankruptcy lawyers will evaluate your case and help you decide if bankruptcy is right for you.
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