Bankruptcy

The Law Offices of Scott R. Schneider can assist you in resolving your bankruptcy. Escape the suffocating grip of debt by working with Attorney Schneider to construct an effective and appropriate plan for getting back on your financial feet.

Stop the calls. Start getting your life back.

Attorney Schneider can assist you with finding a suitable solution for resolving any matters related to bankruptcy, including the following:

Understanding common types of bankruptcy

The Law Offices of Scott R. Schneider is experienced in executing Chapter 7, Chapter 11, and Chapter 13 bankruptcies. Read on to learn more about each.

• Chapter 7

  Chapter 7 is often referred to as "liquidation." In a Chapter 7, your credit card debt, medical bills and other debt is discharged, which means forgiven. You also get to keep your exempt assets. Any non-exempt asset can then be sold by your Chapter 7 trustee.

  In some cases it is even possible to keep your house or your car, depending on their value and your commitment to making timely payments moving forward.

  Attorney Schneider can help you determine what bankruptcy laws apply to your situation, and how you can best position yourself to file.

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• Chapter 11

  Chapter 11 business bankruptcy is a legal process by which a business may declare bankruptcy but continue to operate under the bankruptcy code. It is often called "reorganization."

  Chapter 11 bankruptcy is usually sought and granted in the case where the value of the business is greater than the sum of its assets. In many cases, a business may re-emerge from Chapter 11 and continue to operate normally. In other cases, the reorganized business can be sold after some period of time.

  Chapter 11 is available to any type of business, including the following:

  Sole proprietorships Limited liability companies (LLCs)

  Corporations Partnerships

  Attorney Schneider is capable of helping you chart the best course for the financial future of your business endeavors.

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• Chapter 13

  In a Chapter 13 bankruptcy, you can propose a repayment plan in which to pay your creditors a percentage or in full over three to five years.

  Candidates for a Chapter 13 bankruptcy often have the following:

  Mortgages Outstanding taxes Child support Student loans

  Other loans Medical bills

  Chapter 13 candidates need a stable income stream, as well as money left over after you pay for life's basic necessities. Attorney Schneider can assist you with analyzing your income, expenses and debts to come up with a suitable plan for getting you and your family debt-free.

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Contact The Law Offices of Scott R. Schneider today

For assistance with New York bankruptcy, foreclosure or debt resolution of any kind, contact The Law Offices of Scott R. Schneider today.