Question 1

How many bankruptcy attorneys are in New York?

Accepted Answer

There are 2898 bankruptcy attorneys listed in New York on National Bankruptcy Advocates. New York sees approximately 28,000 bankruptcy filings per year. Browse profiles to compare experience, practice areas, and ratings.

Question 2

Do I qualify for Chapter 7 bankruptcy in New York?

Accepted Answer

The Chapter 7 means test compares your income to New York's median household income of $82,095. If your income is below this threshold, you likely qualify for Chapter 7 without further calculation. The median household income in New York is $82,095 (ACS 2023). 57% of New York bankruptcy filers chose Chapter 7 liquidation. A local New York bankruptcy attorney can run the full means test calculation for your household size and expenses.

Question 3

What are the bankruptcy exemptions in New York?

Accepted Answer

New York has specific bankruptcy exemptions that protect certain assets during bankruptcy, including homestead, vehicle, retirement account, and personal property exemptions. The median home value is $400,000 and the homeownership rate is 53.5%. The exact exemption amounts vary. A local New York bankruptcy attorney can advise you on which exemptions apply to your situation and how to maximize your protected assets.

Question 4

How much does it cost to file bankruptcy in New York?

Accepted Answer

Filing fees for bankruptcy in New York are set by the federal courts: $338 for Chapter 7 and $313 for Chapter 13. Attorney fees typically range from $1,000–$3,500 for Chapter 7 and $2,500–$6,000 for Chapter 13, depending on case complexity. Many New York bankruptcy attorneys offer free initial consultations.

Question 5

How long does bankruptcy take in New York?

Accepted Answer

Chapter 7 bankruptcy in New York typically takes 3–6 months from filing to discharge. Chapter 13 requires a 3–5 year repayment plan before discharge. The timeline depends on the complexity of your case and the workload of the local bankruptcy court. An experienced New York bankruptcy attorney can give you a more accurate estimate based on your specific situation.

Question 6

What is the financial situation in New York that leads to bankruptcy?

Accepted Answer

New York sees approximately 28,000 bankruptcy filings per year. 13.0% of New York residents live below the poverty line (ACS 2023). The median household income in New York is $82,095 (ACS 2023). These economic conditions contribute to the demand for bankruptcy and debt relief services in New York.

New York Bankruptcy Attorneys

Top Bankruptcy Attorneys in New York

Sheik Khan

Kenneth G Hauser

Trident Equities LLC

Michael Weinreb

Nipa Halder

Sunil Agarwal

Leslie Granoff

Weinberg, Gross & Pergament LLP

Michael Roberts

Daja Sales Corp.

Lawrence M Wilens

Phillip Grossman

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