Chapter 7 Bankruptcy

Created/changed by: Chapter12

Address details

75 Columbia Street New York , NY 10002

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Coordinates

N40° 43' 4.1808" W73° 58' 48.69408"   (40.717828, -73.9801928) Start navigation »

Phone & WWW

646-559-7408
https://www.gursoylaw.com/bankruptcy

Business hours

Mon - Fri 8.30 a.m - 7 p.m
Sat 9 a.m - 3 p.m

Info

Chapter 7 Bankruptcy is the most common form of bankruptcy that individuals prefer to file with our office, if they qualify. In most cases, you would be entitled to keep your home, your car and your salary, while at the same time getting rid of all that credit card debt without having to pay any of it back.

You qualify as long as your income over the last six months is below the median income for the state in which you reside. Although, most people that contact our office do qualify, it is best to speak with our office about what the median income is. Most people would be surprised to find out that a married person in New York with a spouse and three children can earn $90,000 and still file Chapter 7 Bankruptcy.



Most people that contact our office are able to keep their home even though they are filing for bankruptcy and may have over $100,000 in credit card debt. Bankruptcy laws all you to keep your home if your equity (which is the difference between the amount of the mortgage balance and the value of the

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