One Of New York’s Most Experienced Bankruptcy Lawyers

The Attorneys at the Law Offices of Steven W. Stutman don't try to confuse you or fill your head with a lot of legal techno-babble!


New York Bankruptcy offers an individual relief from debt that they cannot pay.

Creditors are given an opportunity to receive repayment on the money owed depending on what assets are available. Both parties can ultimately benefit after a successful bankruptcy procedure. You need an experienced bankruptcy attorney

There are two types of bankruptcies for consumers. The first is Chapter 7 Bankruptcy. Chapter 7 Bankruptcy allows a person to discharge their debt if certain circumstances are met.

Chapter 7 Bankruptcy


Chapter 7 bankruptcy is also known as liquidation bankruptcy. Most of your property is sold and used to pay off your debt. You need a seasoned New York bankruptcy attorney!

Chapter 7 bankruptcy is generally meant for people with limited incomes who do not have the ability to pay back all or some portion of their debts.


Most of your property will be sold and used to pay off your debts (for that reason, chapter 7 bankruptcy is often chosen by people who don't own a home). Some of your personal property is exempt from being sold, but there are limits on the value of exemptions.

Chapter 13 Bankruptcy


Chapter 13 bankruptcy is referred to as a reorganization bankruptcy. Your property is not sold when you file for Chapter 13 protection, and if you successfully complete a court-mandated repayment plan, you may be able to keep your property. You need an experienced New York bankruptcy attorney!

After completing the repayment plan in which you pay your creditors a portion of the outstanding debt over a fixed period of time, any remaining unsecured debts—such as credit cards and medical bills—may be "discharged." When debt is discharged, it means you're no longer required to pay back the debt.