At The Law Offices of Gus Michael Farinella PC, we understand the immense pressure and stress that financial burdens, particularly debt, can place on individuals and families.
Our dedicated team of seasoned attorneys is here to provide you with compassionate and professional legal counsel as you navigate the often complex landscape of bankruptcy and debt relief. Established in 1995, our firm has been a trusted resource for New York and New Jersey residents, helping countless clients achieve a fresh financial start.
Our Mission
Our mission is to provide exceptional legal representation, primarily focusing on bankruptcy law. We are committed to helping you regain control of your financial future by offering expert guidance and support throughout bankruptcy.
Whether you are considering Chapter 7, Chapter 13, or Chapter 11 bankruptcy, our experienced bankruptcy attorneys are prepared to assist you every step of the way.
Types of Bankruptcy We Handle
Understanding the different types of bankruptcy is crucial for determining the best path forward for your financial situation. At The Law Offices of Gus Michael Farinella PC, we handle all three major types of bankruptcy: Chapter 7, Chapter 13, and Chapter 11. Each type has its own unique processes and benefits. We will analyze your case and advise you on the best path to take.
Chapter 7 Bankruptcy
Often referred to as liquidation bankruptcy, Chapter 7 bankruptcy is designed for individuals and businesses that are unable to repay their debts. This type of bankruptcy allows for the discharge of most unsecured debts, such as credit card debt, medical bills, and personal loans. At The Law Offices of Gus Michael Farinella PC, we will:
Evaluate Your Case: We will thoroughly review your financial situation to determine if Chapter 7 bankruptcy is the right option for you.
Prepare Your Petition: Our attorneys will meticulously prepare and file your bankruptcy petition, ensuring all necessary documentation is included.
Represent You in Court: We will represent you at the mandatory meeting with creditors and any subsequent court hearings.
Guide You Through the Process: From start to finish, we will be by your side, providing guidance and support to help you achieve a successful discharge of your debts.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also known as “reorganization bankruptcy,” is ideal for individuals with a steady income who wish to repay their debts over time. This type of bankruptcy allows you to create a manageable debt repayment plan, typically lasting three to five years. Our team at The Law Offices of Gus Michael Farinella PC will:
Assess Your Eligibility: We will evaluate your income, expenses, and debts to determine if Chapter 13 is the best option for you.
Develop a Repayment Plan: Our attorneys will work with you to create a feasible repayment plan that meets the requirements of the bankruptcy court.
File Your Petition: We will handle the preparation and filing of your bankruptcy petition and repayment plan.
Support You Throughout the Process: We will provide ongoing support and representation, ensuring you remain compliant with the terms of your repayment plan.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy, commonly known as business reorganization bankruptcy, is designed for businesses and individuals with substantial debts who need to restructure their financial obligations.
This type of bankruptcy allows for the continuation of business operations while developing a plan to repay creditors. At The Law Offices of Gus Michael Farinella PC, we will:
Analyze Your Financial Situation: We will conduct a comprehensive analysis of your business’s financial health to determine the viability of Chapter 11 bankruptcy.
Develop a Reorganization Plan: Our attorneys will work closely with you to develop a detailed reorganization plan that addresses your debts while allowing your business to continue operating.
File and Manage Your Case: We will prepare and file all necessary documents, manage creditor negotiations, and represent you in court proceedings.
Provide Ongoing Support: Throughout the Chapter 11 process, we will offer continuous support and guidance to help you achieve a successful reorganization.