Bankruptcy Lawyer in Point o Woods, NY

Stop Creditors, Save Your Home, Start Fresh

Immediate debt relief and foreclosure defense for Long Island families facing financial crisis.

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Chapter 7 and Chapter 13 Bankruptcy Attorney

What Life Looks Like After Bankruptcy

The phone stops ringing with collection calls. Your paycheck stays in your account instead of going to wage garnishment. You sleep through the night without worrying about losing your home.

Bankruptcy gives you the automatic stay protection that immediately stops all creditor actions against you. This means no more harassment calls, no more threatening letters, and no more fear of coming home to foreclosure notices on your door.

Whether you qualify for Chapter 7 debt elimination or need Chapter 13 payment plan restructuring, you get a clear path forward. Your exempt assets stay protected, your family keeps essential property, and you start rebuilding your financial future from a position of legal protection rather than constant defense.

Experienced Point o Woods Bankruptcy Law Firm

We Handle Long Island Bankruptcy Cases Daily

At The Frank Law Firm P.C., we have guided hundreds of Long Island families through successful bankruptcy proceedings in the Central Islip bankruptcy court. We know the local trustees, understand Suffolk County property exemptions, and have the experience to navigate your case efficiently.

You’re not just another case number here. We take time to explain your options clearly, whether that’s Chapter 7 liquidation, Chapter 13 reorganization, or alternatives like debt negotiation and foreclosure defense.

Our Point o Woods practice focuses exclusively on debt relief and bankruptcy law, so we stay current on every change in federal and New York bankruptcy regulations that could affect your case.

How to File for Bankruptcy Protection

Your Bankruptcy Process, Step by Step

First, we meet for a free consultation to review your debts, income, assets, and goals. We’ll determine if you qualify for Chapter 7 quick discharge or if Chapter 13 payment plan makes more sense for your situation.

Once you decide to move forward, we prepare and file your bankruptcy petition with the court. The automatic stay goes into effect immediately, stopping all collection activities, foreclosure proceedings, and creditor contact.

Next comes the meeting of creditors, where you’ll answer basic questions about your financial situation under oath. We prepare you thoroughly for this meeting and attend with you. For Chapter 7 cases, you typically receive your discharge within 3-4 months. Chapter 13 cases involve a 3-5 year payment plan that we help you manage successfully.

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Comprehensive Debt Relief Services Available

Complete Bankruptcy and Foreclosure Defense Services

Our bankruptcy representation includes everything from initial case evaluation through final discharge. We handle all court filings, creditor communications, trustee meetings, and any complications that arise during your case.

For Long Island homeowners facing foreclosure, we provide aggressive foreclosure defense alongside bankruptcy protection. This combination often gives you the best chance to keep your home while eliminating other debts that contributed to your financial crisis.

We also assist with pre-bankruptcy planning to maximize your exemptions, post-bankruptcy credit rebuilding strategies, and alternatives to bankruptcy when appropriate. Every case receives individual attention because your financial situation is unique, and cookie-cutter solutions don’t work for complex debt problems.

How quickly can bankruptcy stop foreclosure on my Long Island home?

Bankruptcy’s automatic stay takes effect immediately upon filing, which stops foreclosure proceedings in their tracks. Even if your foreclosure sale is scheduled for next week, filing bankruptcy will postpone it and give you time to explore your options. Chapter 13 bankruptcy is particularly effective for homeowners because it allows you to catch up on missed mortgage payments over 3-5 years while keeping your home. We can often file your case within 24-48 hours if foreclosure is imminent, but the sooner you contact us, the more options we can explore together.

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

Chapter 7 eliminates most of your debts within 3-4 months, but you must pass the means test showing your income is below the median for New York. Chapter 13 allows higher-income earners to keep their assets while paying a portion of debts over 3-5 years. If you’re behind on your mortgage or car payments, Chapter 13 lets you catch up on those payments while eliminating credit card and medical debt. Chapter 7 works best for people with limited income and few assets, while Chapter 13 is ideal for homeowners who want to keep their property and have steady income to fund a payment plan.

Will I lose my house and car if I file bankruptcy?

Most of our Long Island clients keep their homes and cars through bankruptcy. New York’s homestead exemption protects significant home equity, and you can keep vehicles worth up to certain amounts. If you’re current on secured debt payments and the property value falls within exemption limits, you typically keep it. For Chapter 13 cases, you can keep non-exempt property by paying its value through your payment plan. We review your assets carefully during consultation to show you exactly what you can protect and develop strategies to maximize your exemptions before filing.

How much does it cost to file bankruptcy with your firm?

Chapter 7 attorney fees typically range from $1,500-$2,500 plus court filing fees, while Chapter 13 cases start around $3,500 with additional fees paid through your payment plan. We offer payment plans for attorney fees because we understand you’re filing bankruptcy due to financial hardship. Many clients pay their attorney fees over 2-3 months before filing. We provide transparent fee quotes during your free consultation based on your case complexity. The cost of bankruptcy is almost always less than continuing to struggle with unmanageable debt, and we help you see the long-term savings clearly.

How long does bankruptcy stay on my credit report?

Chapter 7 bankruptcy appears on your credit report for 10 years, while Chapter 13 shows for 7 years. However, your credit score often starts improving within 12-18 months after filing because you’ve eliminated the negative impact of late payments, collections, and high debt balances. Many clients qualify for secured credit cards within months of discharge and conventional mortgages within 2-4 years. We provide credit rebuilding guidance as part of our service because getting your fresh start means more than just eliminating debt—it means positioning yourself for future financial success.

Can bankruptcy eliminate all my debts including taxes and student loans?

Bankruptcy eliminates most unsecured debts like credit cards, medical bills, personal loans, and deficiency judgments. However, certain debts survive bankruptcy including recent income taxes, student loans, child support, and criminal fines. Some older tax debts can be discharged if they meet specific timing requirements. We analyze each debt individually during consultation to show you exactly what will be eliminated versus what remains. Even if some debts survive, eliminating your other debts often makes the remaining obligations manageable and gives you breathing room to address them properly.

Local Resources

Point O Woods, NY is located in Suffolk County in New York State