The Law Offices of Adam C. Gomerman have been assisting Long Islanders with bankruptcy cases since 1991, filing thousands of cases over the years. Clients commend Mr. Gomerman for his professionalism, prompt communication, and personalized attention, making him a trusted choice for navigating financial challenges.

Bankruptcy is a legal process designed to help individuals or businesses who cannot repay their debts. It provides relief by either discharging eligible debts or creating a manageable repayment plan, while offering protection from creditor harassment and collection efforts.

A bankruptcy lawyer can guide you through the complex legal process, ensuring all paperwork is accurate and deadlines are met. They can also help protect your assets, represent you in court, and provide advice tailored to your financial situation.

You can file for bankruptcy multiple times, but specific time limits apply between filings depending on the type of bankruptcy. For example, you must wait eight years between Chapter 7 filings. The time between Chapter 13 filings varies.

What happens to your property in bankruptcy depends on the type of bankruptcy you file. In Chapter 7, some assets may be sold to repay creditors, but exemptions often protect essentials, while in Chapter 13, you can usually keep your property by following a court-approved repayment plan.

Bankruptcy can eliminate many types of unsecured debt, such as credit card balances and medical bills, giving you a fresh financial start. However, some debts, like student loans, child support, and certain taxes, typically cannot be discharged.

Filing for bankruptcy can initially lower your credit score, as it signals financial distress to creditors. However, it also offers a fresh start, and with responsible financial habits, you can rebuild your credit over time.