Experienced Rome, New York, Bankruptcy Attorney
There are many circumstances that can cause a person to need to file for bankruptcy including the loss of a job, medical bills, an increase in credit card interest rates or even divorce. Whatever the reason, there is no reason to be ashamed if you are thinking about filing for bankruptcy.
Michael G. Putter, Attorney at Law has been helping clients file for bankruptcy for over 34 years. He understands that often the circumstances are beyond your control. Contact us online or call 315-371-1862 or 866-915-4085 to speak with an experienced bankruptcy lawyer. We represent clients throughout the Mohawk Valley including the counties of Herkimer, Lewis, Madison and Oneida.
Types of Bankruptcy
The firm assists clients in filing for two different types of bankruptcy. Based on the statutory means test, we will help you determine which type of bankruptcy is right for you.
• Chapter 7 Bankruptcy also known as a liquidation is meant for people who have unsecured debts, do not own much, and are not earning much more that what they need to get by.
• Chapter 13 Bankruptcy is designed for the person who generally has some ability to pay back some of the debt, has assets that are non-exempt under law and has debts they do not want to discharge. A 3-5 year payment plan is set up with a court trustee where you are required to pay back a portion of your debt. After that, the remaining unsecured debt may be discharged.
What Happens Next
Immediately after you file for bankruptcy, an automatic stay goes into affect. This stops all collection proceedings against you including harassing phone calls and wage garnishment. It may even stop the foreclosure of your home.
Contact Michael G. Putter, Attorney at Law online or call 315-371-1862 or 866-915-4085 to schedule a consultation to find out more about filing for bankruptcy and what it can do for you.