Long Island Bankruptcy Attorneys and

Consumer Defense Lawyers

Help for debtors in New York and New Jersey

In today’s economic climate, more and more families and small business owners are teetering on the verge of financial disaster. If you are being harassed by creditors, cannot pay your bills, or are in danger of foreclosure or repossession, the bankruptcy attorneys in Long Island at Mavrides, Moyal & Associates, LLP can help.

• Are any of your credit card accounts more than 30 days late?
• Do you only pay the minimum payment due on your credit cards?
• Do you float or bounce checks to put food on your table or pay monthly expenses such as electric or gas?
• Are you behind on your house or car payments?
• Is your house in jeopardy of foreclosure?
• Do bill collectors call you at home or work?
• Do you have multiple mortgages on your house?
• Have you reached the credit limit on one or more of your credit cards?
• Have you borrowed money from friends or relatives to meet obligations?
• Do you lose sleep at night because you worry about how you are going to pay your bills?

If you answered “Yes” to any of these questions call us to schedule a free initial consultation. Whether your financial problems are the result of a job loss, divorce, major illness, or other reasons, a  bankruptcy attorney in Long Island at Mavrides, Moyal & Associates, LLP  has the skills and the resources to help you understand your options and protect your rights.

Experienced financial advisors

An experienced Long Island bankruptcy lawyer will conduct a full review of your financial situation to determine what options are available. We regularly assist debtors in matters including:

A Long Island bankruptcy attorney can protect your rights

Our attorneys also have extensive experience representing debtors filing for protection under Chapter 7, Chapter 11, and Chapter 13 of the federal bankruptcy code. If a bankruptcy filing is necessary, we help determine which form of bankruptcy is appropriate for your particular circumstances.

In a Chapter 7 proceeding, sometimes called a fresh start bankruptcy, all of a petitioner’s dischargeable debts are eliminated. Certain debts such as student loans, court fines, and child support payments, for example, cannot be discharged. To file under Chapter 7, you need to qualify under a two-part means test calculation that takes into account your expenses, income, and unsecured debt. There is a chance that if you own valuables such as jewelry, sports cars, etc., these may be sold by the court to pay your creditors. Having an experienced lawyer work you through your Long Island bankruptcy can help you protect your property.

If you do not qualify to file under Chapter 7, you may be eligible to file under Chapter 13, sometimes called a wage earner plan. In a Chapter 13 bankruptcy, you agree to repay creditors under a payment plan that lasts three to five years. Our Long Island bankruptcy firm can help negotiate with your creditors to reduce penalty fees and interest rates so that you pay back pennies on the dollar. And in Chapter 13 bankruptcy, your belongings are not subject to liquidation.

If your business is in default, you may be able to file for reorganization under Chapter 11 of the Bankruptcy Code. A Chapter 11 debtor usually proposes a plan of reorganization to keep your business alive and repay creditors over time. Businesses may also file for Chapter 7 bankruptcy if there is no chance for reorganization.

Contact NY and NJ consumer defense lawyers at Mavrides, Moyal & Associates, LLP

Find out how our experienced consumer defense and bankruptcy attorneys can help you. Call or contact Mavrides, Moyal & Associates, LLP online for a free initial consultation. We offer evening and weekend appointments by request and our Manhattan and Long Island offices are convenient to mass transportation and parking.

Our attorneys serve clients throughout New York and New Jersey, including: