Kenneth Halpern - Bankruptcy Lawyer, Long Island

The statistics of bankruptcy in America are alarming. According to US bankruptcy court statistics, more than 1.5 million people file for bankruptcy every year. Most significantly, nearly 97 per cent of bankruptcy filings are made by individuals, not by businesses. Here are some of the reasons why people go bankrupt: Medical expenses - A recent study from Harvard shows that medical expenses account for nearly 62% of personal bankruptcies in the United States. The research also showed that 72% of those who filed for medical insurance had health insurance. This debunks the myth that only the uninsured face financial crisis during medical-related expenses.  Reduced income - Companies like to cut down on their expenses. This means that many employees face a pay-cut and reductions in bonuses. The result to employees can include bankruptcy.  Job loss - Job loss can deplete one’s savings and assets. Also, the people who face a job’s loss have no understanding about when and how they c...

  Bankruptcy is a very complex procedure that requires you to make a lot of critical decisions from time to time. An experienced bankruptcy lawyer can pave a way out through this big maze of decisions, paperwork and procedure that marks a bankruptcy filing.  If you’re wondering about the role of a bankruptcy lawyer, you must know that there are many. On the offset, a bankruptcy attorney is there to counsel you on the bankruptcy process and whether it is right for you. They help you look at your debts and assets determine if bankruptcy is the path that will best help you or if a smarter approach is required to improve your circumstances from an entirely different angle.  However, a bankruptcy lawyer can also help you ascertain if bankruptcy is the right decision for you. In case it appears to be the right solution for you, then a lawyer can help you compare your options. This is a very important decision and will involve you and your attorney examining the size and makeup ...

Starting a new business is like a baby that needs nurturing, care, and attention. It’s also one of the most exciting decisions that you can possibly make. There are a lot of fundamental rules that one needs to follow in order to keep his/her business running well in the market. Here are five factors enlisted to follow if you wish to avoid bankruptcy while starting a new company:  1. Set a clear plan of action - In order to succeed, you should set out a clear plan of action that explains all the details, rules, and regulations. A sound, comprehensive business plan will enable you to make wonderful decisions related to the location, pricing, and investment. If you don’t have a good business plan, no one will look forward to investing their money in any intended project. You should also ensure to know all the legal and financial duties of your project.  2. Focus on the quality of products/services - You should know how to market your product or service well. Your product whic...

Lawmakers are setting up a monetary and legal package to assist organizations with enduring the emergency. Be that as it may, the polish draft measures concerning the COVID-19 coronavirus pandemic don't unequivocally manage liquidation and restructuring law. The pandemic has made new bankruptcy law issues while intensifying existing ones. Subsequently, the following points ought to be considered in this circumstance. 1. Commitment to file a petition for bankruptcy within 30 days of the organization getting wiped out There is a risk that a few executives may go overboard and immediately document for a bankruptcy filing to maintain a strategic distance from criminal, civil, and disciplinary sanctions. There is no statutory remain on the necessity to petition for bankruptcy. If in case all the executives file for bankruptcy to protect themselves, this will probably frustrate restructuring conversations with creditors (banks and suppliers). 2. Delay in organizati...

Chapter 7 law is mind-boggling and continually changing, and a lawyer who doesn't rehearse insolvency law all the time likely won't have the option to give you some skill as one who does. In Nassau County alone, there are such a significant number of chapter 7 lawyers to browse, and that is the reason, significantly, you procure one who has brilliant capabilities and one you feel good with. Capabilities to consider in a lawyer for Chapter 7 Bankruptcy Filing 1. What number of cases have they documented in the previous year? On the off chance that they haven't documented many, they may not be sufficiently experienced to win your case. 2. What number of cases did they win? You need a Nassau County Bankruptcy Attorney that has won (with discharge orders from the court that relieve you from your commitment to pay your obligation) numerous cases, the more, the better. 3. Does the Bankruptcy lawyer have any peer reviews, and how favorable, right? ...

Kenneth Halpern is one of the best bankruptcy lawyers and attorneys in Long Island NY. Kenneth has extensive knowledge of Chapter 7 Bankruptcy Filing. This type of bankruptcy filing helps individuals or businesses in disposing of unsecured debts, such as credit cards and medical bills. If the debtor owns nonexempt such as second homes and vehicles or valuable family heirlooms etc. the debt has to be repaid partially or fully by the sale of those assets. Request a free consultation from our Bankruptcy Lawyer in Long Island. Do not wait and find a cheap chapter 7 bankruptcy lawyers in Long Island .

Bankruptcy is a critical situation for every bankrupt individual or an organization. Though one can file for a bankruptcy case in the court without the help of a lawyer, it is rather good to take the help and guidance of professional bankruptcy lawyers in Nassau County . Bankruptcy is a legal condition that can be filed by both individuals and any firm, and one can be identified as bankrupt when they are not able to pay to their creditors. Lawyers that are dealing with bankruptcy cases are the experts that know the entire process to handle the bankruptcy case starting from filing the case with court till its completion. An expert's help in a bankruptcy situation can be quite helpful in the successful completion of the entire bankruptcy process. Pros of Hiring a Professional Bankruptcy Lawyer People who file for common types of bankruptcies go for chapter 7 bankruptcy filing . In this type of bankruptcy filing, debtors are required to liquidate their assets to pay off the de...

Finding the right bankruptcy lawyer for your bankruptcy case is essential and it all can be done when you are clear about your essential qualities. Once you figure out what you want from your bankruptcy lawyer, you can able to ask the right questions from the bankruptcy lawyer, thus makes the right hiring. A debt attorney lawyer is a must for handling the bankruptcy case as these lawyers are the most skilled and knowledgeable persons and take complete care of all the legal rules and regulations. Before hiring a lawyer to handle the case of your bankruptcy, it is important to look at certain important aspects so that you can make the right decision and ends with a successful result. Things to consider when hiring a bankruptcy lawyer Bankruptcy lawyers are the professionals that can deal with your bankruptcy case correctly. They can efficiently deal with your creditors, setting up payment plans and clearing of debt. With their experience, they will come up with the right plans t...

If you are facing a bankruptcy situation then filing for a bankruptcy case with the help of a bankruptcy attorney Long island can help you in filing the case with perfection. Many people try to handle it alone for the convenience of saving their essential finances. The truth is that taking the help of a bankruptcy attorney helps you even more than just signing up the forms and correctly filing the bankruptcy case. Hiring a bankruptcy attorney helps you in better understanding your situation, tell you everything that you need to file the bankruptcy forms successfully, helps in negotiating with the creditors and many more. The attorneys are required to get you out of your bankruptcy condition effectively without commencing any mistakes of filing. What are the main reasons to hire a bankruptcy attorney? The situation of bankruptcy is critical and tough for even lawyers. The lawyer needs to understand each and every aspect of your condition and take a note of your available finan...

If you are in debt, then the first thing that you can do is to hire a professional and experienced debt attorney Long Island by following proper market research. There are many debt attorneys available to serve your bankruptcy case but hiring a professional is the necessity to win your case.  A professional debt attorney Long Island follows the fair practices and helps the bankrupt in settling the creditors and maintains the required level of income. For over 35 years, Kenneth Halpern has been helping clients deal with the legal problems due to overwhelming debt and foreclosure. Get A Free Consultation from an Experienced Bankruptcy Attorney - Kenneth Halpern . If you are looking for bankruptcy protection call our law office at (516) 222-1199. Contact Details ONE OLD COUNTRY ROAD SUITE 125 CARLE PLACE, NY, 11514, USA See also: Debt Attorney Long Island

Nothing is worse than filing for a bankruptcy. And more critical than it is finding a good Bankruptcy Lawyer in Long Island who can handle your case gracefully with dignity can be a tough task. But with few checkpoints, you can make this task easier. Here, we are listing down a few things that you need to check while searching and hiring a bankruptcy lawyer.  Take a look: Start search now As soon as you realize that you have struck in a situation of bankruptcy start searching for a bankruptcy lawyer. Never ever try to postpone it for later. A proactive approach can give you sufficient time to search for the best. Whether you want to search on the net or want to seek some recommendations from your professional circle or want to visit law offices; make sure to start searching as early as possible in order to explore all possibilities.    Communicate with them to get deeper and better picture Once you have prepared the list, the next importan...