AV Preeminent Peer Rated Attorneys
Canton Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
AV Preeminent Peer Rated Attorneys
Canton Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Canton Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
  • 2 Judson Street, Canton, NY 13617

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Looking for Bankruptcy Lawyers in Canton?

Bankruptcy lawyers help individuals and businesses find relief from overwhelming debt. They analyze your financial situation and guide you through processes like Chapter 7 liquidation or Chapter 13 reorganization. Their goal is to stop creditor harassment, protect your assets, and provide a legal path to a fresh financial start.

About our Bankruptcy Lawyers Ratings

The average lawyer rating is created by peers based on legal expertise, ethical standards, quality of service, and relationship skills. Recommendations are made by real clients.

CLIENT RECOMMENDED
71 %

7 Client Reviews

PEER REVIEWS
4.3

8 Peer Reviews

Commonly Asked Bankruptcy Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

What do we need to do to qualify for bankruptcy?

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Answered by attorney Sheryl Susan Graf (Unclaimed Profile)
Bankruptcy lawyer at Law Offices of Sheryl S. Graf
There are two sections of the bankruptcy code which typically apply to individuals: Chapter 7 (commonly referred to as a "straight" bankruptcy and Chapter 13 (commonly referred to as a reorganization or repayment plan). In most cases, all of your assets are exempt from being sold to pay your debts. In other words, you get to keep everything but your debts. Student loans are generally not dischargeable, but there are some exceptions. You can claim an exemption for your primary residence, so it may make financial sense for you to move into the trailer (assuming the amount of equity does not exceed the allowable amount AND you can afford to make the monthly payment), and let the house go back to the bank in your bankruptcy proceeding (assuming you are underwater and cannot afford to pay the mortgage).
There are two sections of the bankruptcy code which typically apply to individuals: Chapter 7 (commonly referred to as a "straight" bankruptcy and Chapter 13 (commonly referred to as a reorganization or repayment plan). In most cases, all of your assets are exempt from being sold to pay your debts. In other words, you get to keep everything but your debts. Student loans are generally not dischargeable, but there are some exceptions. You can claim an exemption for your primary residence, so it may make financial sense for you to move into the trailer (assuming the amount of equity does not exceed the allowable amount AND you can afford to make the monthly payment), and let the house go back to the bank in your bankruptcy proceeding (assuming you are underwater and cannot afford to pay the mortgage).
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Is this a good time to file Chapter 7?

Cary Sawyer Smalley
Answered by attorney Cary Sawyer Smalley (Unclaimed Profile)
Bankruptcy lawyer at The Smalley Law Firm, LLC
I suggest you talk to a bankruptcy attorney to discuss the details of your situation. Brokerage account and stock funds that are not a retirement account may be taken by the trustee.
I suggest you talk to a bankruptcy attorney to discuss the details of your situation. Brokerage account and stock funds that are not a retirement account may be taken by the trustee.
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If my loan modification was been completed and signed by the bank and I only have a small amount of debt should I let my case be dismissed?

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Answered by attorney Linda S Novakov (Unclaimed Profile)
Bankruptcy lawyer at Linda S. Novakov & Associates, PLLC
If you are in a position to pay the additional debt after the loan modification, then you should discuss with your attorney whether dismissing the bankruptcy is the best course of action.
If you are in a position to pay the additional debt after the loan modification, then you should discuss with your attorney whether dismissing the bankruptcy is the best course of action.
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