Giving New York Clients a Fresh Start With Chapter 7 Bankruptcy
Bankruptcy can put an end to harassing phone calls from creditors, wage garnishments and the constant stress that comes with overwhelming debt.
If you, like many people in the Rochester area, are struggling to make ends meet, turn to The Law Office of Charles C. Welch. With over 10 years of bankruptcy experience, I will help you understand your rights and get the debt relief you need.
Qualifying for Chapter 7 Bankruptcy
Many people struggle with bills and debts that are far higher than what they make each month. During your free initial consultation, we will talk through your situation and determine if you qualify for Chapter 7 "liquidation" bankruptcy. As your attorney, I will apply the means test, looking at factors like your:
- Income
- Monthly expenses
- Budget
- Assets
- Types of debt
The most important question is whether you make more than the median income. Many of my clients are surprised to learn that they do qualify because they make less than the average income of people living around New York City. However, if you do not qualify, Chapter 13 Bankruptcy may give you the relief you need.
Dispelling Myths About Chapter 7 Bankruptcy
Clients often come to me worried that bankruptcy could make their situation worse rather than better. For example, many come to me saying:
- I can't keep my home or car. This is simply not true. By discharging other debts, I am often able to help clients stay in their house and keep their vehicle.
- Bankruptcy will ruin my credit. While a bankruptcy will stay on your credit report for seven years, it is usually better than the alternative. If a creditor sues you, that stays on your report for 10 years. Bankruptcy can give you a fresh start so that you can begin rebuilding your credit.
- I cannot afford to pay a bankruptcy lawyer. I understand that clients come to me because they are worried about money. I will work with you to reach a financial agreement that works for you.
As your lawyer, I will give you honest answers and help you make informed decisions. Call 585-431-1025 or contact me online to schedule a free consultation. We will talk through your debt relief options and decide if filing for Chapter 7 bankruptcy is right for you.
