Albany Bankruptcy Attorneys
For those in the midst of a financial crisis, knowing where to turn for guidance can be difficult. At Shlesinger & deVilleneuve we help people every day learn what their options are and navigate the complex road to being debt-free. Our clients are honest, hard-working people who often times find themselves in financial distress through no fault of their own. If you have experienced the financial impact of losing a job, incurring unplanned medical bills, or owning real estate that has not held its value, pursuing bankruptcy could be your best chance at a new start.
Some of the more common reasons people file for bankruptcy are;
Healthcare bills: overwhelming medical bills are the number one reason people in the US file for bankruptcy.
Loss of employment: when an individual loses their job during a decline in the economy, finding another job in a timely manner might not be possible and the end result is a rapid downward spiral into debt.
Divorce or separation: The end of a marriage or long-term committed relationship can often mean poor financial standing for all parties involved.
Foreclosure or Short Sale: When there is a decline in the real estate market, some individuals find themselves owning property that is not worth what was paid for it.
Poor or excessive usage of credit: Many people are forced into over-using credit cards for various reasons. The end result is usually more debt than they can manage and they need to file bankruptcy.
Bankruptcy Attorneys at Shlesinger & deVilleneuve
The bankruptcy division at Shlesinger & deVilleneuve is unique in that it is directed by an experienced attorney who specializes in debtor’s law. Relying on his more than 25 years of experience in bankruptcy law, Kevin Swingdoff compassionately guides clients through the entire bankruptcy process. Kevin and his team will present you with your options and help you to determine which avenue of bankruptcy would be best suited to your individual circumstances. While filing for bankruptcy relief pursuant to any of the bankruptcy codes will have a negative impact on your credit rating, each is diverse and provides varying outcomes. The two primary areas of bankruptcy most commonly used by consumers are:
Chapter 7: A Chapter 7 bankruptcy, also known as asset liquidation, is intended to eliminate most of not all of your debt. However, if you own real estate it will need to be sold with the proceeds of the sale going towards payment of the outstanding debt balance you owe. For this reason, filing Chapter 7 is not always a suitable option for some people.
Chapter 13: A Chapter 13 bankruptcy essentially redistributes your debt and organizes them into a payment plan. This repayment plan allows you to pay your qualified outstanding debt over a three to five year time period. While a Chapter 13 is more expensive to file, it is likely that you will be able to maintain ownership of the real estate that you own.
Regardless of the type of bankruptcy that you file, there are some debts that cannot be released; these include spousal support, child support, taxes, and student loans.
The skilled bankruptcy division at Shlesinger & deVilleneuve guides nearly 1,200 clients each year through the complex procedures of filing bankruptcy and defending their claim at the bankruptcy hearing. Directed by attorney Kevin Swingdoff, an especially qualified member of our legal team with more than 25 years of experience in bankruptcy law, our bankruptcy department will work with you to determine which type of bankruptcy best suits your situation, and then will expertly guide you through the steps necessary to improve your financial situation. When you call our offices we will coordinate to schedule an initial free assessment meeting so that we can review your circumstances and you can hear our recommendations for your situation. We will also go over our reasonable fee schedule. Our team is focused on making sure that you receive fair and respectful treatment and are given every opportunity to gain a fresh start. What you don’t know can hurt you financially. Don’t wait and lose more sleep and money. We are here for you!
Fill out the form below to schedule a free in-person bankruptcy consultation with attorney, Kevin Swingdoff.
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