Zeh & Associates, P.C., represents clients from Long Island and New York City who have been affected by consumer debt matters like bankruptcy. When choosing Zeh & Associates, P.C., clients receive from the firm a full range of support, including filing documents and negotiating directly with creditors.
In the United States, the bankruptcy process is regulated by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which broadly reformed the steps individuals must take to achieve full or partial discharge of their debts. The act mandates, among other steps, that individuals must pursue credit counseling prior to filing for bankruptcy and must undergo a course in financial management after filing for bankruptcy.
Filers may qualify for different types of bankruptcy. Most people seek out the Chapter 7 variety, which allows for elimination of substantial debt burdens with some exceptions, such as student loans, which cannot be discharged except under certain narrow circumstances.
The Chapter 13 variety, on the other hand, often proves beneficial to people with properties that they wish to keep and for which they intend to continue making payments. Under the Chapter 13 process, those payments may be diminished. Moreover, Chapter 13 can protect homeowners from foreclosure.
