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At Hanna & Vlahakis Law Offices, our experienced bankruptcy lawyers provide compassionate and professional service to individuals and businesses in Brooklyn, NYC, and the surrounding areas. We understand that filing for bankruptcy can be difficult, but we are dedicated to helping you move forward with your life.
Our team comprises skilled and knowledgeable bankruptcy attorneys specializing in bankruptcy law. We understand bankruptcy laws’ complexities and are committed to helping you make informed decisions that best serve your needs. If you need assistance filing for Chapter 7 bankruptcy, our bankruptcy lawyers will provide you with personalized legal advice and guidance to secure a favorable outcome.
Chapter 7 bankruptcy is a liquidation bankruptcy available to consumers and businesses. This type of bankruptcy allows an individual to have their debts discharged while also protecting their assets from creditors. The bankruptcy code requires those who qualify for Chapter 7 to go through a “means test.” This test determines eligibility based on income, debt-to-income ratio, and other factors.
Chapter 11 bankruptcy is often referred to as “reorganization” or “corporate reorganization.” It is usually used by businesses and is designed to help them reorganize their debts while still operating. Companies may be able to negotiate new contracts with their creditors, and they may also have the opportunity to restructure their debt.
Chapter 13 bankruptcy is also referred to as “wage earner” or “reorganization.” It typically allows individuals with regular income the opportunity to adjust their repayment plan obligations and potentially eliminate some of their debts. A trustee oversees bankruptcy proceedings, and the debtor must adhere to the repayment plan outlined in their bankruptcy filing.
Debt consolidation is a process where you take out one loan to pay off many of your debts. Bankruptcy is a legal process that allows an individual or business to discharge some or all of its debts under the supervision of the court. The bankruptcy procedures are set out in federal law, and the court has jurisdiction over all bankruptcy cases.
It is important to consult with an experienced bankruptcy lawyer when determining which chapter of bankruptcy is best for your situation. A creditor lawyer, debt lawyer, or bankruptcy lawyer can assess your debt and financial circumstances to determine if filing for Chapter 7 or Chapter 13 bankruptcy is the right option.
Our experienced bankruptcies lawyer at Hanna & Vlahakis Law Offices will review your financial situation, help you evaluate the benefits and drawbacks of each type of bankruptcy and determine which one is right for you and provide you with the best legal advice available.
Yes. Bankruptcy is a complicated legal process. Having an experienced bankruptcy lawyer or debt lawyer on your side is important to ensure that your rights are protected and that all bankruptcy paperwork is properly filed.
Experts recommend that you consult with a bankruptcy attorney before filing for bankruptcy. This is the best way to ensure that the process goes smoothly and that all your questions are answered. All of the attorneys at Hanna & Vlahakis Law Offices have years of experience in bankruptcy law and can provide you with the advice and guidance necessary to make sure your case is a success.
Declaring bankruptcy is a serious decision that should not be taken lightly. It can have long-term consequences on your credit and ability to obtain future loans or financing. However, declaring bankruptcy may also be the best option if your debts become unmanageable and you cannot make payments. A skilled bankruptcy lawyer can help you decide whether declaring bankruptcy is your best option.
After filing for bankruptcy, it can take several months before the process is completed and all of your debts discharged. Once bankruptcy is declared, the court will issue an order that prohibits creditors from attempting to collect any debts. The court will also assign a trustee who will manage the process of discharging your debts and distributing assets.
During this time, you will be required to attend a meeting of creditors (also known as the 341 hearing) and provide information about your financial situation. You may also be required to provide documents such as tax returns, bank statements, and other financial records to the court. Once the process is complete, any unpaid debts eligible for discharge are eliminated, and you can start rebuilding your financial future.
Yes. It is possible to rebuild your credit score after filing for bankruptcy. This process can take time and effort, but it is possible. Your first step should be to obtain a copy of your credit report and review it for any incorrect information. You can also work with a credit counseling service or financial advisor to develop a plan for improving your credit. This may involve taking out small loans, making payments on time, paying off any remaining debts, and working with debt collectors in good faith.
No. You may have to surrender some of your property to pay off creditors, but this will depend on the type of bankruptcy you file and any exemptions that may protect certain items. A bankruptcy attorney can explain the specifics of the bankruptcy cases and help you understand what may or may not be taken away.
Hanna & Vlahakis Law Offices strive to offer comprehensive legal services tailored to your individual needs. As a debt lawyer in Brooklyn, NY, we understand the psychological and financial burden of being financially unstable. We can help you understand bankruptcy laws and assist with filing claims, negotiating settlements, and other legal matters relating to bankruptcy. In addition, we provide debt relief advice and can help you explore alternatives to bankruptcy if that’s a better option.
If your financial situation has become unmanageable and filing for bankruptcy is an option you are considering, contact us today. Our experienced bankruptcy attorneys will provide the counsel and guidance needed to move forward with confidence.
At Hanna & Vlahakis Law Offices, our experienced bankruptcy attorneys are well-educated in creditor rights laws in bankruptcy cases. We understand the process for filing a legal claim against debtors and can provide you with the representation necessary to protect your rights. Whether you are dealing with an individual debtor or a company, we can help you navigate the bankruptcy court system and ensure you obtain the maximum recovery possible. Our creditor lawyers are knowledgeable in areas such as:
Being a creditor can be a difficult situation. That is why working with a knowledgeable creditor lawyer who understands the ins and outs of debtor-creditor laws is important. Our attorneys have the experience and skill to protect your creditor rights in bankruptcy proceedings. If you are a creditor and need legal help, call us now.
Hanna & Vlahakis Law Offices proudly serve clients throughout Kings County, New York. We specialize in bankruptcy law and offer a variety of services for individuals and businesses. Some of our services include:
Whether you’re facing financial hardship or need assistance navigating the legal system, we can help. We understand that financial difficulties can be overwhelming, and we strive to provide our clients with the caring counsel needed to find a resolution.
Our expert team has worked with individuals and businesses in Kings County for over 30 years and has the experience needed to help clients through bankruptcy. Our mission is to ensure that creditors treat you fairly while your financial situation is resolved. Get a fresh start with the help of Hanna & Vlahakis Law Offices.
We take pride in representing our clients with honesty and integrity. We never pressure you into any decision that isn’t right for you or your financial future.
Our legal team is well-versed in the laws surrounding bankruptcy and can offer comprehensive guidance throughout the process. The success rate of our bankruptcy cases speaks for itself.
We strive to provide customized legal services tailored to each client’s specific needs. Any bankruptcy issues are carefully evaluated, and solutions are designed to meet those needs.
We understand that financial hardships can make attorney fees difficult, which is why we offer competitive rates and flexible payment plans. All your bankruptcy-related costs can be addressed during the initial consultation.
We are here to provide assistance throughout the entire bankruptcy process, from bankruptcy filing to resolution. The expertise of our paralegal specialist team will ensure that your case is handled efficiently and securely.
At Hanna & Vlahakis Law Offices, we offer consultations to assess the financial situation and determine if filing for bankruptcy is the best solution.
After the initial consultation, we will assess if you qualify for bankruptcy according to New York state laws. Depending on your situation, completing means testing or other financial assessments may be necessary before filing a bankruptcy petition.
We will collect the documents and paperwork required to enter bankruptcy. This includes financial statements, information about your income and assets, copies of taxes returns, a list of creditors, and details of past bankruptcies.
If you are facing a bankruptcy hearing in the Brooklyn area, it can be overwhelming and intimidating. You need an experienced Bankruptcy Attorney who understands the complexities of the process and can help you navigate the situation effectively.
With extensive knowledge and experience with the law, Hanna & Vlahakis Law Offices is a trusted and reliable bankruptcy lawyer in Brooklyn, New York. We are committed to providing high-quality legal service in all aspects of debt relief and bankruptcy law. Our law office specializes in representing individuals and businesses facing financial troubles. We strive to provide compassionate, aggressive bankruptcy representation for our clients throughout the entire bankruptcy case.
Schedule an appointment with our skilled bankruptcy attorneys to discuss your circumstances, and we will work to find the best legal strategy for you. If you need assistance filing for Chapter 7 bankruptcies or seeking other debt-relief options, our team can walk you through the legal process. Stepping up when the stakes are high, we provide sound advice and guidance backed by decades of experience. Contact us today to learn more!
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Hanna & Vlahakis Law Offices is a law firm in New York City that has been in business for over 30 years. We specialize in divorce and bankruptcy law and have a reputation for providing top-notch legal representation in and out of court. Contact us today to see how our attorneys can help you!
