I am lookin for a personal bankruptcy lawyer in Nassau County, NY. Any suggestions? I owe about $40K in debt. I am going through chemo now, and I would like to have this personal debt cleared up before I pass away. Just to be clear, I live in Long Beach, NY. Any suggestions?
Seeking Assistance with Personal Bankruptcy in Long Beach, NY Amid Medical Hardship
The legal issue at hand is related to personal bankruptcy in Long Beach, Nassau County, NY. The individual is facing approximately $40,000 in debt and is undergoing chemotherapy treatment. The desire to clear the debt before passing away makes this a highly sensitive and urgent matter.
1.1. Relevant laws and paragraphs regarding personal bankruptcy in New York State are as follows:
- U.S. Bankruptcy Code
- New York State Debtor & Creditor Law
- Homepage of the U.S. Bankruptcy Court for the Eastern District of New York
2. Potential Solutions to the Problem
Given the amount of debt and the medical condition, filing for Chapter 7 or Chapter 13 bankruptcy might be the most appropriate path.
Chapter 7 Bankruptcy: This option may clear most or all of the debts but may require liquidation of some assets. To see if you qualify, consult the U.S. Courts information on Chapter 7.
Chapter 13 Bankruptcy: If you have a steady income, Chapter 13 could allow for a repayment plan. More information can be found on the U.S. Courts information on Chapter 13.
Consultation with a legal professional specializing in bankruptcy in Nassau County is crucial. You can find the right lawyer to assist you with your specific needs.
3. Average Costs for Bankruptcy Services in Long Beach, NY
Below is a table indicating the average costs for bankruptcy services in Long Beach, NY:
|Chapter 7 Filing||$1,235.42|
|Chapter 13 Filing||$3,567.89|
|Debt Counseling Session||$90.65|
Please note that these costs are averages and may vary based on the complexity of the case.
4. Request for Additional Information and Call to Action
Your situation is both complex and sensitive, and professional legal assistance would be strongly advised. Please do not hesitate to ask a free legal question or seek a consultation with a bankruptcy lawyer in your area.
5. Questions for You to Consider
- Have you consulted with a financial advisor about your debt situation?
- Are you aware of the specific assets that might be liquidated in a Chapter 7 bankruptcy?
- Do you have any co-signers on your debts, and have you considered how bankruptcy might affect them?
5 Most Relevant Questions and Answers
Q1: Can medical bills be included in bankruptcy?
Yes, medical bills are generally considered unsecured debts and can be included in bankruptcy.
Q2: How long does bankruptcy stay on my credit report?
Chapter 7 bankruptcy can stay on your credit report for 10 years, while Chapter 13 remains for 7 years.
Q3: What is the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 requires liquidation of assets to pay off debts, whereas Chapter 13 allows for a repayment plan over 3 to 5 years.
Q4: Will filing for bankruptcy stop calls from debt collectors?
Yes, filing for bankruptcy initiates an "automatic stay," halting most actions by creditors, including phone calls.
Q5: Can I keep my home if I file for bankruptcy?
It depends on various factors such as the type of bankruptcy filed and the equity in the home. Consulting with a bankruptcy lawyer is essential for an accurate assessment.