Bankruptcy Law Advice in Brooklyn, New York

Bankruptcy Law Changes

In 2005 President George W. Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act . Although the law contains many significant provisions, your ability to secure debt relief and protection from creditors remains largely the same.

Mandatory Credit Counseling

Individuals filing for bankruptcy under Chapter 7 are required to undergo credit card debt counseling within 6 months of filing a Chapter 7 bankruptcy petition. Bankruptcy petitions will be denied if they do not comply with this simple requirement. This is not an obstacle to obtaining debt relief. The credit counseling requirement can be fulfilled in any of our law offices.

New York Means Test

If your income is higher than the average income in New York, you are subject to a test of your income and expenses using the Internal Revenue Service (IRS) guidelines. If it is determined that you can pay more than 25% of your debts over time, you may not be eligible to file for bankruptcy under Chapter 7. You may need to file for bankruptcy under Chapter 13. 

The new law does not mean that you cannot file for protection. It does make it even more important to discuss your needs with an experienced New York City bankruptcy lawyer. At Rosenberg, Musso & Weiner, L.L.P., we have over 60 years of combined bankruptcy experience and can help guide you through the new bankruptcy process. 

More Information

To learn more about your rights under federal bankruptcy law, visit our Bankruptcy Information Center or our Bankruptcy E-newsletter.

Call us at (718) 855-6840 or (631) 393-5114 to arrange an initial consultation and find out what we can do for you. Or contact our Brooklyn and Long Island bankruptcy lawyers by e-mail to give our attorneys more information about your concerns.

No-cost 30 minute consultations
Offices in downtown Brooklyn, Melville, Syosset, and Uniondale

Rosenberg, Musso & Weiner, L.L.P.
 Brooklyn, NY

Serving consumer New York bankruptcy clients in Brooklyn, Queens, Manhattan, Staten Island, Nassau County, and Suffolk County

We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.