Resolve Your Financial Worries With a Plan

Work with our local bankruptcy attorney in Newburgh, NY

Financial trouble creates unease in every part of your life. If you're seeking financial freedom - as many of us are - you may benefit from speaking with a bankruptcy attorney based in Newburgh, NY. Murphy, Schisano & Rosado will answer all of your questions and help reduce your stress.

Have questions about mortgage modification assistance? Learn more by speaking with our attorney.

Chapter 7 vs. Chapter 13 bankruptcy

So what's the difference between Chapter 7 and Chapter 13 bankruptcy? Our attorney can walk you through the details. Here are some of the things you should know:

  • Chapter 7 bankruptcy -- this is also known as liquidation bankruptcy, allowing you to liquidate assets to pay off debts faster. This is an effective way of lowering your debt, but you put yourself at risk of losing assets like your car or home.
  • Chapter 13 bankruptcy - this is also known as reorganization bankruptcy, giving you the option to create a new payment plan for your debt. This chapter helps you protect you from foreclosure on your home.
Whether you have questions about mortgage modification assistance, or you're ready to file for Chapter 7 bankruptcy, we're happy to answer your questions. Contact us today to set up a free consultation.

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