Bankruptcy Lawyer in Long Island, NY – Siben & Siben LLP
If you’re overwhelmed by debt and feeling like there is no way out, you’re not alone. Financial struggles are common, and bankruptcy may be the solution that helps you get a fresh start. Whether it’s credit card bills, medical expenses, or any other form of debt, a bankruptcy lawyer in Long Island, NY can guide you through the legal process, helping you understand your options and make informed decisions.
At Siben & Siben LLP, our experienced bankruptcy attorneys have been helping individuals and families in Long Island, NY resolve their financial challenges for over 90 years. We understand how difficult it can be to face mounting debt, and we are committed to providing compassionate, clear, and effective legal assistance. Our goal is to help you find the best possible solution, so you can move forward with peace of mind.
Why You Need a Bankruptcy Lawyer in Long Island, NY
Filing for bankruptcy is a significant decision that can affect your financial future. It’s important to have an experienced bankruptcy attorney in Long Island, NY by your side to navigate the complex legal process and ensure you make the right choices. Here’s why hiring a skilled bankruptcy lawyer is essential:
- Expert Legal Guidance: Bankruptcy law can be complex and confusing. A qualified bankruptcy lawyer will explain the various types of bankruptcy filings and help you determine the best option based on your unique situation.
- Debt Relief Options: There are multiple ways to deal with overwhelming debt, such as Chapter 7 and Chapter 13 bankruptcy. A lawyer will help you understand the differences and how each can impact your finances.
- Protection from Creditors: Once you file for bankruptcy, creditors are legally prohibited from continuing collection efforts, including wage garnishments, phone calls, and lawsuits. Your bankruptcy attorney will ensure these protections are enforced.
- Rebuilding Your Credit: Bankruptcy may stay on your credit report for a period, but it also offers a path to rebuilding your credit over time. Your lawyer will help you understand how to restore your financial health.
Types of Bankruptcy and How We Can Help
There are two main types of bankruptcy filings for individuals: Chapter 7 and Chapter 13. Both offer different benefits depending on your situation. A knowledgeable bankruptcy lawyer in Long Island, NY will help you determine which option is best for your financial circumstances.
1. Chapter 7 Bankruptcy – “Straight Bankruptcy”
Chapter 7 is often called “straight bankruptcy” or liquidation bankruptcy. It allows you to discharge most of your unsecured debts, such as credit card balances, medical bills, and personal loans. However, non-exempt assets may need to be sold to pay off your creditors.
What Happens in Chapter 7?
- Assets Sold: Any non-exempt assets you own (such as luxury items or second homes) may be liquidated to pay off creditors.
- Debt Discharge: Once the liquidation process is complete, most of your remaining debts are discharged, meaning you are no longer legally responsible for paying them.
- Quick Process: Chapter 7 bankruptcy is typically completed within 4-6 months.
2. Chapter 13 Bankruptcy – “Wage Earner’s Plan”
Chapter 13 is often referred to as a “wage earner’s plan” because it allows you to keep your property, such as a home or car, while repaying a portion of your debts over a set period (usually 3 to 5 years). This option is ideal for individuals who have regular income but are unable to pay off their debts in full.
What Happens in Chapter 13?
- Debt Repayment Plan: You will propose a repayment plan to the court that outlines how you will pay off your debts. The plan lasts 3 to 5 years, depending on your income level.
- Property Retention: You can keep your property, even if it’s not exempt, by following the repayment plan.
- Debt Discharge: Once the repayment plan is completed, any remaining eligible debts will be discharged.
Which Option is Right for You?
Choosing between Chapter 7 and Chapter 13 bankruptcy depends on several factors, including the amount of debt you have, your income, and the type of property you own. At Siben & Siben LLP, our experienced bankruptcy attorneys will carefully evaluate your situation and help you determine the most appropriate option.
How Can We Help You with Your Bankruptcy Case?
At Siben & Siben LLP, we have years of experience assisting individuals and families with bankruptcy cases. Our bankruptcy lawyers in Long Island, NY are dedicated to providing you with the highest quality legal services. Here’s how we can help:
1. Free Initial Consultation
We offer a free consultation to discuss your financial situation and explore your options. During this consultation, we will answer any questions you have about the bankruptcy process and provide you with a clear understanding of how bankruptcy can help you.
2. Tailored Legal Advice
Our bankruptcy attorneys will take the time to understand your specific financial situation and recommend the best course of action. We offer personalized legal advice to ensure that you make the most informed decisions about your financial future.
3. Help with Filing and Documentation
Filing for bankruptcy involves a lot of paperwork. Our bankruptcy lawyers in Long Island, NY will handle all aspects of filing your bankruptcy petition, ensuring that all forms and documents are completed accurately and submitted on time.
4. Representation in Court
If necessary, we will represent you in bankruptcy court to ensure that your interests are protected. Our attorneys will advocate on your behalf, working to secure the best possible outcome for your case.
5. Post-Bankruptcy Guidance
Even after your bankruptcy is discharged, our team can provide guidance on how to rebuild your credit and financial stability. We’ll help you take the necessary steps toward financial recovery.
Why Choose Siben & Siben LLP for Your Bankruptcy Case?
With over 90 years of experience, Siben & Siben LLP has earned a reputation as a trusted bankruptcy law firm in Long Island, NY. Here’s why our clients choose us:
1. Experience You Can Trust
Our firm has a long history of successfully helping individuals navigate bankruptcy proceedings. We have the knowledge and expertise to handle even the most complex bankruptcy cases.
2. Compassionate Legal Representation
We understand that bankruptcy can be a difficult and emotional process. Our team provides compassionate legal support, guiding you every step of the way.
3. Proven Track Record of Success
We have helped countless clients find relief from debt and get back on their feet. Our high success rate speaks to our dedication to our clients.
4. Transparent Pricing
We offer affordable pricing and will explain all fees upfront so you know exactly what to expect. We believe in transparency and making the bankruptcy process as stress-free as possible.
Contact Our Bankruptcy Lawyers in Long Island, NY
If you’re facing overwhelming debt and need relief, don’t wait to seek legal help. Siben & Siben LLP is here to help you explore your bankruptcy options and get the fresh start you deserve.
Call Us Now