A Bankruptcy Attorney You Can Trust
Located in Albany, New York, our law firm is committed to assisting individuals navigate the bankruptcy process and find the relief they need. With over three decades of experience and commitment to our clients, we’ll guide you through each step of the process towards a fresh financial start.
Legal experience, on your side
At Barbaruolo Law Firm, we treat each our clients as if they were a members of our family. Each client’s individual situation is unique. There is no “cookie cutter” bankruptcy option. Let us build a plan to help you achieve your personal and financial goals.
Chapter 7 bankruptcy is a legal process that helps individuals eliminate unsecured debts by liquidating non-exempt assets.
Chapter 13 bankruptcy is a court-supervised debt reorganization plan that allows individuals to repay a portion of their debts over 3-5 years, while protecting their assets. It offers a manageable repayment structure, helping debtors regain financial stability without liquidating their property.
Mortgage modification is a process where lenders agree to change the terms of a borrower’s mortgage, making payments more manageable. This can include adjusting interest rates, extending the loan term, or reducing principal. It’s a solution to prevent foreclosure and help homeowners maintain ownership.
Wage garnishments are court-ordered deductions from a debtor’s paycheck to repay outstanding debts, such as unpaid taxes, child support, or student loans. A bankruptcy law firm can help stop garnishments and protect your income by addressing the underlying debts through various legal solutions.
Real estate law governs property transactions, including buying, selling, leasing, and financing. It involves legal issues related to land, structures, and property rights. A real estate law firm assists clients in navigating complex regulations and ensuring proper documentation to protect their interests.
Foreclosure defense involves using legal strategies to help homeowners facing foreclosure retain their homes or minimize financial loss. Bankruptcy law firms can negotiate with lenders, identify errors in foreclosure procedures, and explore alternatives like loan modifications, short sales, or bankruptcy options.
Bankruptcy is a legal process designed to help individuals and businesses who are struggling with debt. It can help you eliminate or reduce your debts, stop creditor harassment, and provide a fresh financial start.
Chapter 7 bankruptcy is also known as liquidation bankruptcy, and it involves selling some of your assets to pay off your debts. Chapter 13 bankruptcy, on the other hand, is a reorganization bankruptcy that allows you to keep your assets while you pay off your debts through a payment plan.
Read more: Chapter 7 vs Chapter 13
Yes, filing for bankruptcy can put an automatic stay on foreclosure proceedings, which means that creditors cannot take any further collection action while the bankruptcy case is ongoing. This can provide you with some additional time to work out a solution to keep your home.
The decision to file for bankruptcy is a personal one that depends on your specific financial situation. It’s important to consult with a qualified attorney who can help you evaluate your options and determine whether bankruptcy is the right choice for you.
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The bankruptcy process can vary depending on the type of bankruptcy you file and the specifics of your case. Generally, it involves filling out a petition, providing financial information, attending a meeting of creditors, and working with a trustee to resolve any outstanding issues.
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