Living with debt can be stressful and exhausting. When you fall behind on payments, you will likely start receiving angry calls from creditors. Sooner or later, you will face threats of foreclosure, repossession, collection lawsuits, or wage garnishments. Filing for bankruptcy can help you avoid these damaging outcomes.
If you are struggling with seemingly insurmountable financial difficulties, our firm is ready to help. Our attorney at Richard S. Feinsilver has over 35 years of experience and has represented over 7,500 clients in consumer and business bankruptcy proceedings. When you come to us for help, our team will work closely with you to evaluate the specifics of your financial situation and determine what type of bankruptcy is right for you. We are committed to delivering the debt relief solutions you need to retake control of your life and secure a fresh financial future.
You do not have to face your debt alone. Get the help and guidance you need from Richard S. Feinsilver by calling (516) 268-0122 or contacting us online.
Our Practice Areas
Filing for bankruptcy can provide you with the immediate relief you need through the automatic stay. This court order prevents creditors from initiating or continuing collection actions against you, including foreclosures, repossessions, wage garnishments, and lawsuits. Upon completing a bankruptcy, you are generally able to discharge unsecured debts, including credit card debt, medical debt, and unpaid utility bills. We have secured relief for countless clients and can help you understand what types of debts you can expect to eliminate.
Our lawyer at Richard S. Feinsilver can assist you with:
- Chapter 7 Bankruptcy. Individuals with little to no current disposable income can qualify to discharge unsecured debts after liquidating non-exempt assets. We can help determine your eligibility under the New York Means Test and protect exempt assets from liquidation. Exempt assets include including equity in your home, your vehicle, clothing, furniture, and retirement accounts. Many filers lose little to nothing.
- Chapter 11 Bankruptcy. Businesses can use Chapter 11 to reorganize assets, debts, liabilities, and other obligations. In most cases, Chapter 11 bankruptcy allows businesses to continue normal operations with minimal disruptions. We can help you prepare a reorganization plan and field potential objections and counterproposals from creditors. If you run a small business, we can also help you take advantage of expedited proceedings under Subchapter V.
- Chapter 13 Bankruptcy. Individuals with sufficient disposable income will need to repay a portion of their debt through a Chapter 13 reorganization plan. This plan will involve making monthly payments over a period of three to five years. The amount of these installments will depend on what you can currently afford to pay. Our team can help you propose a repayment plan that meets all requirements.
- Debt Consolidation Options. In most cases, it is not advisable to engage with a debt consolidation company. These firms are not interested in helping you and only wish to collect their fees. Some creditors may refuse to work with debt consolidation companies, and they may ask you to “front end” their fees before they can deliver any meaningful results. Instead, we can help you secure relief through Chapter 13 bankruptcy. This approach allows you to remain in control and benefit from protections under the U.S. Bankruptcy Code.
- Foreclosure Defense. Bankruptcy can stop a pending foreclosure if you file before a sale takes place. You will have ample time to consider your bankruptcy options before a foreclosure sale can take place. Chapter 7 bankruptcy can help you recover equity, but if you wish to keep your home, you will likely need to consider Chapter 13 bankruptcy. Mortgage arrears must be paid in full as part of your Chapter 13 plan, and you will be protected from foreclosure throughout the life of the plan so long as you continue to make payments. Our team can help you explore all of your foreclosure avoidance options.
- Student Loan Relief. Though you cannot discharge student loans directly through bankruptcy, it is possible to obtain relief after completing filing if you meet certain conditions. We can prepare and file an adversary proceeding that seeks to prove that you will experience “undue hardship” if you are forced to pay your student loan debt. If the court agrees that the debt will confer undue hardship, they will permit a discharge. Our team can assess whether you are likely to qualify for this type of relief.
- Taxi Medallion Loan Relief. If you are facing foreclosure on your medallion or owe more than what it is currently worth, it may be time to consider bankruptcy. Filing for Chapter 7 bankruptcy in these types of scenarios can allow you to protect what you have worked to build while facilitating an exit from your taxi medallion loan. Our firm can review your legal options and advise how to proceed.
Schedule a free initial consultation with Richard S. Feinsilver by contacting us online or calling (516) 268-0122. We offer payment plans and provide our services in English and Spanish.
“Mr. Feinsilver is a caring, highly experienced attorney who helped me during the worst financial nightmare of my life.” - Anonymous
“You are put at ease from the minute you meet him.” - Dorothy M.
“He counseled me on what is in my best interest.” - Jessica A.
“There is no judgment, no condescending comments-only compassion, reassurance, and, most importantly, education.” - Anonymous
“Mr. Feinsilver has restored my faith in the fact that with the right lawyer the legal system can be in your favor.” - John D.
“He resolved this in one day.” - William R.
“Handled my situation with respect and dignity.” - Anonymous
“Would recommend him to anyone trying to get over a chapter 7 bankruptcy.” - Anonymous
“Richard Feinsilver is the person to help you get over it.” - Thomas C.
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