Bankruptcy Lawyer in Floral Park, NY

Stop Creditor Calls and Save Your Home

Get immediate protection from harassment and foreclosure with experienced bankruptcy representation in Nassau County.

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Chapter 7 and 13 Bankruptcy Attorney

Your Fresh Financial Start Begins Here

When debt collectors won’t stop calling and foreclosure notices pile up, bankruptcy protection gives you the breathing room you need. The automatic stay kicks in immediately after filing, stopping wage garnishments, creditor calls, and foreclosure proceedings.

Chapter 7 bankruptcy can eliminate credit card debt, medical bills, and other unsecured obligations in just a few months. You keep essential assets like your home, car, and retirement accounts through New York’s generous exemption laws.

Chapter 13 creates a manageable payment plan that lets you catch up on mortgage arrears while eliminating other debts. You get up to five years to reorganize your finances while keeping your property and rebuilding your credit score.

Experienced Floral Park Bankruptcy Law Firm

Local Knowledge, Proven Results

The Frank Law Firm P.C. has helped countless Nassau County families navigate financial crises and emerge with a clean slate. We understand the unique challenges facing Floral Park residents, from high property taxes to cost-of-living pressures.

Every case receives personal attention from an experienced bankruptcy attorney who knows the local court system and trustees. Our approach focuses on protecting your assets while maximizing debt relief under New York law.

You’re not just another case number here. We take time to understand your specific situation and explain all available options in plain English, so you can make informed decisions about your financial future.

Filing for Bankruptcy Process

Clear Steps to Financial Freedom

Your bankruptcy case starts with a free consultation where you’ll discuss your debts, assets, and goals. We review your financial situation and explain whether Chapter 7 or Chapter 13 makes more sense for your circumstances.

Once you decide to move forward, we handle all paperwork and filings with the Nassau County bankruptcy court. You’ll receive immediate protection from creditors through the automatic stay, which stops collection actions, foreclosures, and wage garnishments.

The process includes a meeting of creditors where you’ll answer basic questions about your finances under oath. We prepare you for this meeting and handle any creditor objections. Most Chapter 7 cases conclude within four months, while Chapter 13 cases involve a 3-5 year payment plan that you can successfully complete.

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Comprehensive Debt Relief Services

More Than Just Bankruptcy Filing

We provide complete bankruptcy representation, from initial consultation through final discharge. This includes preparing and filing all required documents, representing you at the meeting of creditors, and handling any complications that arise during your case.

Our foreclosure defense services help homeowners facing mortgage default explore all available options. Sometimes bankruptcy provides the best solution, while other situations might benefit from loan modification or other alternatives.

We also assist with post-bankruptcy credit rebuilding strategies and answer questions about reaffirming secured debts like car loans. You’ll understand exactly what debts get eliminated and what obligations remain after your case concludes, so there are no surprises down the road.

Will I lose my house if I file for bankruptcy in New York?

Most homeowners keep their houses in bankruptcy. New York’s homestead exemption protects up to $170,825 in home equity for most filers. If you’re current on mortgage payments and your equity falls within exemption limits, Chapter 7 won’t affect your home ownership. Chapter 13 is specifically designed for homeowners who are behind on payments but want to keep their property. You can catch up on missed mortgage payments over 3-5 years while eliminating other debts. The key is acting before foreclosure proceedings advance too far.

What's the difference between Chapter 7 and Chapter 13 bankruptcy?

Chapter 7 eliminates most unsecured debts like credit cards and medical bills in about four months. You don’t make payments to creditors, but you must pass the means test showing your income is below the median for Nassau County. Chapter 13 creates a payment plan lasting 3-5 years where you pay a portion of your debts based on your income and expenses. Chapter 13 works better if you’re behind on mortgage or car payments, have significant assets to protect, or earn too much for Chapter 7. Both chapters stop creditor harassment immediately upon filing.

How much does it cost to file bankruptcy in Floral Park?

Court filing fees are $338 for Chapter 7 and $313 for Chapter 13, plus mandatory credit counseling courses costing about $50 total. Attorney fees vary based on case complexity, but most Chapter 7 cases range from $1,500-$2,500 total. Chapter 13 fees can often be included in your payment plan, so you might pay little upfront. We offer free consultations to discuss costs and payment options. Many clients find that bankruptcy saves them far more money than it costs by eliminating debt and stopping interest charges.

Will bankruptcy ruin my credit score permanently?

Bankruptcy appears on your credit report for 7-10 years, but its impact decreases significantly over time. Many clients see their credit scores improve within 12-18 months after filing because their debt-to-income ratio improves dramatically. You can start rebuilding credit immediately with secured credit cards and responsible payment habits. Most people qualify for car loans within a year and mortgages within 2-4 years after bankruptcy. The alternative – continuing to miss payments and accumulate debt – often damages credit scores more severely and for longer periods.

Can I keep my car and other essential property?

New York’s bankruptcy exemptions protect essential assets including vehicles worth up to $4,550, household goods, clothing, and retirement accounts. If your car is worth more than the exemption amount, you might need to pay the difference to keep it, but most older vehicles are fully protected. You can also reaffirm secured debts like car loans if you’re current on payments and want to keep the property. The exemptions are designed to ensure you can maintain employment and basic living standards after bankruptcy.

How long does the bankruptcy process take in Nassau County?

Chapter 7 cases typically conclude within 4-6 months from filing to discharge. The meeting of creditors occurs about 30-45 days after filing, and the discharge follows 60-90 days later if no complications arise. Chapter 13 cases involve a 3-5 year payment plan, but you receive immediate protection from creditors upon filing. The court must approve your payment plan within a few months of filing. Most clients feel relief within days of filing because creditor harassment stops immediately, even though the full process takes longer to complete.

Local Resources

Floral Park, NY is located in Queens County in New York State