When an individual debtor can no longer meet his or her financial obligations, he or she may seek protection through a bankruptcy proceeding in Albany County, New York.
When an individual files for bankruptcy, he or she will usually file for either Chapter 7 or Chapter 13 bankruptcy.
Under a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated and his or her debts are paid off. Debts remaining after all nonexempt assets are liquidated are usually discharged.
Under a Chapter 13 bankruptcy, the debtor is put on a court-ordered payment plan. Contact a bankruptcy attorney for legal advice on filing a Chapter 7 or Chapter 13 bankruptcy.
Board Certification in Consumer Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in consumer bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Lawyer Referral Service in Albany County, NY - The Lawyer Referral Service (LRS) of the Albany County Bar Association helps individuals and businesses find a local attorney in Albany, New York, and the surrounding areas. In exchange for a nominal consultation fee of $25, you can contact the private attorney for a 30 minute consultation to discuss your legal concerns and the attorney fees needed for additional representation.