90 Merrick Ave, Ste 400

East Meadow, NY, US.

}

Hours

Mon - Friday 9 - 5 pm

Customer Enquiry

Bankruptcy Exemptions and Asset Preservation

Explore Bankruptcy Exemptions

At the beginning of a bankruptcy, all assets, properties, claims and holdings of the individual or business become part of the Bankruptcy Estate, which will be reviewed in the bankruptcy process. These are the items that will be considered for possible liquidation, vulnerable to be lost, particularly in Chapter 7. Therefore, it’s important to explore bankruptcy exemptions.

New York Asset Protection Attorney

You don’t lose everything, though. In each form of bankruptcy, there are certain exemptions allowed of property, assets, and claims that shelter these from the bankruptcy. These exemptions help individuals keep certain holdings that might otherwise be liquidated.

It is vital that you have an experienced, knowledgeable attorney on your side that understands exemptions and your goals for the bankruptcy. At Ackerman Fox, LLP, we are committed to understanding the needs of each client, helping him or her save as much as possible through the course of filing.

Many times individuals will attempt to navigate the exemptions process by themselves, incorrectly or incompletely filling out applications and missing crucial steps. This creates problems that immediately start the process off badly. Not only do these errors result in processing problems and delays, they diminish credibility with lenders who are already hesitant to be flexible.

To avoid these issues, you need the skilled representation of a firm that understands the exemptions process and how best to accomplish the client’s goals.  At Ackerman Fox, LLP, our lawyers have assisted countless clients to preserve assets and claims in their bankruptcy case.

To arrange an initial consultation to see if you are eligible for bankruptcy and if so, what exemptions you are allowed, please contact us at 516-493-9920.  

bankruptcy iconChapter 7 & Chapter 13 Bankruptcy

Handshake Icon Chapter 11 Business Bankruptcy

document icon Chapter 11 Individual Bankruptcy

Peer-Rated Preeminent for Highest Level of Professional Excellence by Martindale-Hubble, 2019
Get In Touch

Let's talk and see if bankruptcy is right for you and your business.

90 Merrick Ave., Suite 400

East Meadow, NY 11554

(516) 493-9920

Call for Appointment

We'd Love to Help

Call for Free Case Evaluation