Buffalo ∙ Rochester ∙ Bankruptcy Law
Nothing can be more devastating or stressful than going through a financial crisis. The Buffalo Rochester New York bankruptcy lawyers at Mark E. Lewis Law can provide you with the peace of mind you need during this difficult time; and we have the expertise to achieve the results you deserve.
In times when consumer debt is at an all time high, even the affluent can be confronted by overwhelming debt as a result of a loss of a job, death of a family member, or severe illness. Filing bankruptcy will immediately get the creditors off your back. With chapter 7, most debts are discharged. In chapter 13, a payment plan is established. Either way, your financial situation will greatly improve.
Bankruptcy is the legally declared inability or impairment of a person or corporation's abilities to pay their creditors. Bankruptcy can be involuntary, when a creditor files the claim, or voluntary, when the debtor files the claim.
The primary purpose of bankruptcy is to discharge your debt and allow you a fresh start. Chapter 7 Bankruptcy is what most people file. It allows you to discharge (get rid of) all credit cards, personal loans, car repossessions, medical bills, utility bills. Exceptions may apply, call for details. Student loans, court fines, bank fees, alimony, child support and most personal taxes (if incurred in past three years and no tax warrant filed) are not dischargeable in bankruptcy.
Since January of 2011, New Yorkers are now allowed to use the federal bankruptcy exemptions instead of the New York exemptions if you so desire. The federal exemptions are very generous (assuming that you do not have significant equity in your home) and allow you to protect all or most all your assets. Call for details.
Chapter 13 allows you to re-organize your debt allowing you to catch up on your mortgage payments, car payments or property taxes. Chapter 13 is also good option for paying back IRS or New York State tax debt. This chapter will STOP mortgage foreclosures, wage garnishments and tax liens or seizures. Call today for more information and speak to Mark Lewis now.
Most of my client's file Chapter 7 bankruptcy because of uncontrollable debt or unexpected events such as a medical emergency, loss of job or a divorce or separation. I have filed thousands of bankruptcy cases and can easily and effectively guide you through the process. Chapter 13 allows you to re-organize your debt. If you are behind in your mortgage payments, in process of a foreclosure or have IRS or State back taxes then this chapter of bankruptcy maybe right for you. This chapter requires that you have a stable steady income and it allows you to fashion a plan to re-pay your creditors based on your ability to repay. The amount of the payment and the percentage of your pay back to creditors is based on your income and necessary living expenses. Whatever is left, is call your "disposible income" and this amount is paid to your creditor's through a chapter 13 plan. Call today for more details today and stop worrying about your debts. I can and will help you.
Attorney Mark Lewis is ready and able to help you. With offices in Rochester and Buffalo, he has over 22 years of experience and has filed thousands of cases in the Buffalo and Rochester, NY area. We will discuss which chapter of bankruptcy is right for you. Take some time and review the videos on the YouTube television. This will give you a better perspective as to what is involved and the documents needed to successfully complete your case. Call today and start your journey to a better "debt free" future.
If you have any questions for Mark Lewis, bankruptcy lawyer, don't hestitate calling me in Buffalo 716.630.5001 or Rochester 585.272.8958