Chapter 7 bankruptcy allows individuals to get rid of unsecured debt from credit cards, medical bills, personal loans, and utility bills.
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Whether or not a person can retain their car when filing bankruptcy is based upon the value of the car and how much is owed on it.
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Melvyn Jacoby, the senior managing partner at Jacoby & Jacoby, explains the importance of hiring an experienced bankruptcy attorney on Long Island.
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When filing bankruptcy in New York, individuals can get exemptions based upon their marital status for items such as homes and vehicles.
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Long Island Bankruptcy Lawyer Melvyn Jacoby explains the effect of bankruptcy on a person's credit.
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