The attorneys at McBreen & Kopko Attorneys At Law are well-versed in Long Island bankruptcy laws and will gladly explain the bankruptcy process to you. Working with an experienced Long Island bankruptcy attorney like the ones at our firm will expedite the process because we all know that filing for bankruptcy can be extremely emotionally draining.
Bankruptcy Help In Long Island
Filing your bankruptcy petition is the first step of bankruptcy in New York. Part of the paperwork required to successfully complete the filing is a listing of everyone you owe, how much you owe, and what kind of debt it is. Additionally, you must submit your total income, any property you own and a thorough list of expenses that you incur each month. Immediately following the submission of your petition, an automatic stay is put into place which protects your assets from your creditors and keeps you in a limbo state regarding any further litigation. If you are filing for Long Island Chapter 7 bankruptcy a court selected trustee will assume rights to any non-exempt property will sell it and pay your creditors with the proceeds. The next step in the process is the 341 hearing, or 341 meeting, which you need to attend and is run by the trustee. The purpose of this meeting is for the trustee to review the financial details of the creditors’ claims. If you are filing for Chapter 13 bankruptcy in Long Island a repayment plan will be put into place at this time so you can begin paying off your debt. The specifics of your bankruptcy may be a little different; however, these are the nuts and bolts of the bankruptcy process. As you can see, there is a lot of paperwork and steps involved. The Long Island bankruptcy attorneys at The McBreen & Kopko Law Firm have access to tax professionals and will be able to call upon their experience if needed for your case.
File Bankruptcy in Long Island
Place your financial freedom in the hands of experienced Long Island bankruptcy attorneys who can successfully and efficiently file your bankruptcy petition and handle each subsequent step of the process. Contact a Long Island Bankruptcy Lawyer at The McBreen & Kopko Law Firm at 516-829-1600 or fill out our online quick contact form. We look forward to discussing the specifics of your case with you.
