We offer Free Phone Consultations! Contact us to schedule yours.

grady bk logo
Call today for your Free Phone Consultation

Why an Experienced New York Attorney Can Help With Chapter 7 Bankruptcy

The devastating financial impacts of the pandemic continue to affect individuals and families across the country. If you are struggling with large amounts of debt, you are not alone. It can feel overwhelming and isolating when you feel as if you will never be able to work your way out of debt, but there are options. Filing for Chapter 7 bankruptcy allows you to discharge certain debts and obtain the fresh financial start that you need. However, taking steps to file for Chapter 7 bankruptcy can seem intimidating, so enlisting the support of a knowledgeable New York bankruptcy attorney is the best way to keep you motivated as you move toward a brighter financial future.

Chapter 7 Bankruptcy Basics

When you file for Chapter 7 bankruptcy relief, the court will look over your assets (everything you own) and outstanding debts (everyone you owe money to). In a chapter 7 bankruptcy, you list everything you own (house, car, bank accounts, furniture, etc.) and the law gives you exemptions to protect that property. Most people can protect all their assets with the available exemptions. You do not pay back creditors in a chapter 7 bankruptcy; rather all your dischargeable debt is discharged (wiped away).

Benefits to Filing for Chapter 7 Bankruptcy Relief

One of the biggest advantages of filing a Chapter 7 bankruptcy is obtaining an automatic stay, meaning that creditors must stop hounding you for payment. Other actions, such as lawsuits or wage garnishments, also stop when you file bankruptcy. While many people view bankruptcy as an embarrassing or even shameful option, it is actually an amazing tool to help struggling individuals obtain the fresh start they need to move forward. If you are overwhelmed with debt, reach out to a trusted and compassionate bankruptcy attorney to learn more about the process and how it can help you achieve your goals.

Guiding You Towards a Brighter Future

The bankruptcy process can seem daunting at first, but you do not have to go through it alone. Working with a knowledgeable bankruptcy attorney is the best way to help you understand your options and move forward with greater confidence. Your bankruptcy lawyer understands the challenges you are facing and will answer your questions, address your concerns, and support you at every step of the process. Together, you can move through the bankruptcy process and achieve the fresh start you need to enjoy a brighter future.


Talk to a skilled and compassionate New York bankruptcy attorney by calling Grady BK, PLLC, today at (315) 299-9005.