New York Chapter 7 Bankruptcy Lawyer

At the Law Offices of David I. Pankin, P.C., we understand that things happen. Finances may already be tight and then one event, such as a car accident, can create additional expenses which make a tight situation even more burdensome. Suddenly you are missing rent or mortgage payments, utility bill payments and other routine monthly payments. You rely more heavily on credit cards with high interest rates to pay bills which results in even more outstanding debt.

It's time to get help.

New York City bankruptcy attorney David Pankin has the experience and knowledge to guide you through the Chapter 7 bankruptcy process. Contact us for a free initial consultation to learn how we can help.

Obtain debt relief and a fresh financial start.

At your free initial consultation, we sit down with you and listen. We listen to you describe your situation and ask any questions you may have. We answer your questions and explain your bankruptcy options. In most cases, the preferable bankruptcy option is filing for Chapter 7 bankruptcy because eligible debt is discharged with no further obligation.

Therefore, our bankruptcy attorney performs a thorough case analysis to determine if you are eligible for Chapter 7 bankruptcy. We review your income for the past six months, and determine if your income is below the median level for New York residents. If your income is below the median, we obtain your credit report to determine creditors and proceed with a Chapter 7 bankruptcy petition. Our bankruptcy team is here to support you throughout this process.

What if my income is too high?

If your income is above the median income standard, you may still be eligible for Chapter 7 bankruptcy. We perform an in-depth analysis of your income, assets, debts and qualified expenses to determine if the means test applies. When allowed expenses are deducted from your income, you may still be eligible for Chapter 7 bankruptcy.

However, if the changes in the bankruptcy laws make filing for Chapter 7 an unavailable option based on your situation, we can help you through a Chapter 13 bankruptcy.

Dedicated to protecting YOUR rights

If you would like to learn more about the Chapter 7 bankruptcy process or about how we can further assist you, contact our New York bankruptcy law firm by phone at 866-372-0591 to arrange for your FREE in-depth initial consultation.