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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Bankruptcy Law
Satisfied Customers: 18093
Experience:  B.A.; M.B.A.; J.D.
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I just got out of a failing business and started a job a few

Customer Question

I just got out of a failing business and started a job a few weeks ago. Between my wife and I we have a gross income of about $60000. We have more than $128,000 in unsecured credit card debt ($40000 is business) and mortgage and secured debt payments of about $1800 per month. My wife has cancer and we have about $7000 in unpaid medical bills. I have entertained debt negotiation as an alternative since we can no longer keep up. I was advised by one firm that my best option is chapter 7 which they think I qualify for. We live in NY State. Please advise.
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Phillips Esq. replied 7 years ago.

Yes, Chapter 7 will be your best option at this time and you do meet the means test.

These are the current income guidelines for NY State:

Household of one person $46,523.00
Household of two persons $57,006.00
Household of three persons $67,991.00
Household of four persons $83,036.00
Add $6,900.00 for additional individual

Customer: replied 7 years ago.
Two follow up questions. What should I look for in a bankruptcy attorney? Looking at names in the yellow pages is not very informative. I am now just missing the second payments n about 7 accounts, I have had our home phone shut off because the calls were relentless, 30 to 40 calls a day. Should I be talking to them at all or just continue to avoid them all?
Expert:  Phillips Esq. replied 7 years ago.

Just a little clarification:

Yes, Chapter 7 will be your best option if you meet the income guidelines for your state. If your income is equal to or less than the income for your household size for your state you will be eligible to file a chapter 7.

These are the current income guidelines for NY State:

Household of one person $46,523.00
Household of two persons $57,006.00
Household of three persons $67,991.00
Household of four persons $83,036.00
Add $6,900.00 for additional individual

Shutting your phone off is a good idea. It does not help to speak with the collectors when you do not have any money. No matter what you tell them, they don't care. They only want one thing from you: money.

Check out http://www.bankruptcyaction.com , http://www.lawyers.com, http://www.findlaw.com, http://www.attorneypages.com for bankruptcy attorneys. Review the attorney's credentials--check out their web sites. Call several attorneys to see which one will be a good fit for you. Ask questions and see which one takes his/her time to explain things to you so that you know exactly what your responsibility will be before, during, and after your bankruptcy filing and then choose one.

I wish you the very best.

.

Customer: replied 7 years ago.
Please answer the questions asked. Two follow up questions. What should I look for in a bankruptcy attorney? Looking at names in the yellow pages is not very informative. I am now just missing the second payments n about 7 accounts, I have had our home phone shut off because the calls were relentless, 30 to 40 calls a day. Should I be talking to them at all or just continue to avoid them all?
We are a family of four with one in college and the other going this fall.
Expert:  Phillips Esq. replied 7 years ago.
I think that I have answered your questions. We seem to be having a little technical difficulty here.

Kindly see my last response.

If you need anything else, let me know.
Customer: replied 7 years ago.
Are you not able to read the questions in my reply?

Please answer the questions asked. Two follow up questions. What should I look for in a bankruptcy attorney? Looking at names in the yellow pages is not very informative. I am now just missing the second payments n about 7 accounts, I have had our home phone shut off because the calls were relentless, 30 to 40 calls a day. Should I be talking to them at all or just continue to avoid them all?
We are a family of four with one in college and the other going this fall.
Expert:  Phillips Esq. replied 7 years ago.
Let's try this once more.

Shutting your phone off is a good idea. It does not help to speak with the collectors when you do not have any money. No matter what you tell them, they don't care. They only want one thing from you: money.

Check out http://www.bankruptcyaction.com , http://www.lawyers.com, http://www.findlaw.com, http://www.attorneypages.com for bankruptcy attorneys. Review the attorney's credentials--check out their web sites. Call several attorneys to see which one will be a good fit for you. Ask questions and see which one takes his/her time to explain things to you so that you know exactly what your responsibility will be before, during, and after your bankruptcy filing and then choose one.

Kindly note due to technical difficulties, I have answered your questions previously but for inexplicable reason, you have not been able to see my previous responses. I hope that you see this one.

Let me know if you need anything else.

Expert:  Phillips Esq. replied 7 years ago.

Due to technical difficulties on the site tonight my responses to your questions were somehow delayed.

Kindly login and view my entire responses to your questions.

Let me know if you need further clarification regarding how to find a good bankruptcy attorney.

All the best,