24/7 call for a free consultation 212-300-5196

AS SEEN ON

EXPERIENCEDTop Rated

YOU MAY HAVE SEEN TODD SPODEK ON THE NETFLIX SHOW
INVENTING ANNA

When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.





Bankruptcy Court Tax Litigation Lawyers

Are you in debt? If yes, what is your plan on getting out of debt? Getting yourself an attorney is a surefire way of climbing out of the abyss. The attorney will prepare and file your bankruptcy petition and advise you on the bankruptcy chapter to apply for, whether 7,11 or 13.

Why Should You File for Bankruptcy When in Debt?

Filing for bankruptcy is not an easy decision to make; it requires planning and adequate legal help because it’s a life-changing decision. As hard as it may seem, filing for bankruptcy can help you to climb out of a financial crisis if done right. Some of the benefits include:

  • You will save your home: if the equity stake is within the set threshold. If the stake falls within limits, your home will be safe from liquidation. Motor vehicles and household items will be exempted if they are within the limit.
  • Your privacy is respected: bankruptcy filing is a private affair; you will not be required to disclose the choice to anybody. You maintain your respect while trying to get yourself out of financial trouble.
  • You gain access to resources: There are plenty of resources for you if you file for bankruptcy; your community and online resources will help you through. Attorneys are the most vital; they will help you to prepare and file bankruptcy documents.
  • You get a fresh start: when you successfully declare bankruptcy. You will be able to start your life on a clean slate with the financial burden on your shoulder. With the bleeding stopped, you can focus on building up your credit rating.
  • You can acquire back your driver’s license: Unpaid debt from a Moto vehicle accident can result in the suspension of your driving license. When you declare bankruptcy, the debts will be written off, leading to the reinstation of your driving license.
  • Creditors will stop filing legal proceedings against you: When in debt, your phone may be blowing up due to numerous calls made by creditors. Legal action will take a toll on you. Once your bankruptcy petition is successful, a stay-on notice is issued to creditors barring them from contacting you.

Chapter 7 Bankruptcy Filing

 

  1. Preparation

Engage the help of your attorney when filing the bankruptcy document. Collect information about all your debts and creditors. Key them into the chapter 7 bankruptcy form using the proper filing format. The forms contain some instructions and terms that may be confusing if you do not have a legal background. That is where a seasoned attorney comes in handy.

George FernandezGeorge Fernandez
14:16 30 Apr 24
Excellent 10 out of 10, Helped resolve my case. Jeremy explained everything and made everything easy to understand.
RajRaj
21:33 24 Apr 24
If you are looking for a lawyer that listens, is aggressive where needed, and holds his word above all else, Todd is the best pick. I had hired multiple attorneys prior to hiring the Spodek Group for a white collar case. The first thing that stood out to me was the cost, as anyone going through the process and dealing with the system, money was tight at that time - especially after hiring and firing multiple lawyers. The cost was not as high as others which was definitely a plus. Todd's intake process was also unlike other attorneys. He took the time to actually listen. He cared. He was trying to put himself in my shoes while I was explaining the situation to him and he really took the time to understand the whole situation. Other lawyers will give you 15 mins and send you a retainer agreement. Not Todd, I think he spent almost two hours with me as I was explaining everything.Not only was he great during the onboarding process, he was supportive and very informative through the entire plea process and eventually sentencing. After hiring him, I asked if I should hire a prison consultant, he told me to save my money as he would do everything they would. He was right and held up to his word. Later on I would hear from others that went with the prison consultants that they were a waste of money - I am glad I listened to Todd!When it came time for sentencing, two days prior to sentencing, the prosecutor tried increasing my proposed prison time by almost double - apparently a normal move. Todd and his team worked with me non-stop through the weekend prior to sentencing to ensure that I was not given additional prison time. Again, he took the time to listen and came up with a strategy to explain the case with great detail.Unfortunately, I did plead guilty as that was my best option. Todd and his whole team wrote up nearly 300 pages of a summary of what happened and why I should not be given prison time. If I breakdown the amount I spent with Todd versus the amount of work that I saw being done, I am shocked I was not charged four times as much. The other benefit was, a lot of criminal defense lawyers were just a single attorney with a paralegal or two. Todd had a team of people that I dealt with (5-7 people that I interacted with), but he was ALWAYS accessible. It would never take him more than an hour to reply unless he was in court.I was sentenced to prison and I was emotionally distraught. Todd and his team did whatever they could even after sentencing to make sure I was alright. He personally stayed in touch with my family to ensure I was doing alright and offered support to them. Most lawyers would consider the job complete at sentencing, not Todd.After prison, Todd still spent time with me to make sure I was on the right track and avoiding any potential risks in the future. He has also been giving advice on how to navigate probation etc and has not been looking at the clock for billing.Although I wish I had never been arrested in the first place, I am glad I had Todd and his team in my corner. Without them I likely would have had to spend a lot more time in prison than I did.Thank you, Todd, and the entire Spodek Law team, for helping turn what was a nightmare into a manageable situation!
Yelva Saint-PreuxYelva Saint-Preux
19:26 19 Apr 24
I am immensely grateful to the entire team at Spodek Law Group for their unwavering dedication and exceptional expertise throughout my case. From our initial consultation to the final resolution, their professionalism and tireless advocacy made all the difference. Their strategic approach and attention to detail instilled confidence in me every step of the way.Thanks to their hard work and commitment, we achieved a truly favorable outcome that exceeded my expectations. Not only did they navigate the complexities of my case with precision, but they also provided invaluable support and guidance during what was undoubtedly a challenging time. I cannot recommend Spodek Law Group highly enough, especially attorneys Todd Spodek and Claire Banks; they are beacons of excellence in the legal profession.YSP.
Katherine SunKatherine Sun
18:08 18 Apr 24
my lawyer is Alex Zhik. Efficient, patient and professional
Nun yaNun ya
17:48 18 Apr 24
Todd, Ralph and Alex are amazing. Helped my husband get from a double digit number with multiple charges to a single digit, by the time I blink he will be out. They very professional and help with all your needs. They dealt with my anxiety and worry very well and they understand that your family member needs to get home as soon as possible.
Keisha ParrisKeisha Parris
20:45 15 Mar 24
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
Taïko BeautyTaïko Beauty
16:26 15 Mar 24
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence.Thank you team!
K MarK Mar
01:37 25 Jan 24
I recently had Spodek Law Group represent me for a legal matter in NYC and I am thoroughly impressed with their services.Alex Zhik secured the best possible outcome for my case.It was a seamless journey from the initial consultation to the resolution of my legal matter. From the moment I spoke to Todd about my case, his enthusiasm to help was evident, setting a positive tone for the entire experience. The efficiency and professionalism displayed by the team is commendable.A particularly noteworthy aspect of their service is their user-friendly portal to upload your documents/evidence. This not only simplified the process, but showcases their commitment to streamline the client experience.Lastly, in an industry where legal fees can often be a concern, I found their pricing to be very reasonable, making needing legal assistance feel accessible and stress-free.I am grateful for their support and wouldn't hesitate to turn to them again in the future.
js_loader
  1. Filing

After finishing filing your petition, sign it form. Your attorney will also sign to pronounce that the preparations are complete. File the petition electronically while your attorney retains the original. Ensure you are served with a hard copy, and an electronic notification is sent to your creditors. Through this, the creditors cannot file legal proceedings against you or contact you.

  1. First Meeting

50-60 days after filing your petition, a meeting with a court-appointed trustee is set. The trustee represents your creditors; he or she will mull over your case to see whether any of your assets can settle some of the debt. Once you file a chapter 7 bankruptcy petition, all your assets fall under protection making this a formality. On rare occasions, exceptions may arise, and your attorney must step in.

  1. Discharge of Debt

If your case transitions normally, after 120 days since filing for bankruptcy, the court will grant you a discharge that frees you from all your debt. You can start afresh once the process is complete.

Chapter 11 Bankruptcy Filing

In the recent tough economic times, your business may go under bludgeoning debt. To save your drowning business, you can opt to file a chapter 11 bankruptcy petition. Through this, to will keep your business afloat while plotting on how to pay the debt. Some of the benefits are:

  • It enables your business to continue operating: The petition will allow you to reorganize your finances while restructuring the business’s debt.
  • It protects the company assets: Once the petition is successful, company assets will be immune to sale and liquidation: The business gains time to restructure debt and may transfer corporate ownership to creditors in some cases.
  • It gives corporate debtors time to offset their debt: Chapter 11 allows a debtor to spread the debts over some time.
  • It takes care of all corporate debt: Every debt owed will be discharged under chapter 11. The business can list all its debts.

Chapter 13 Bankruptcy Filing

You may be ineligible to file for chapter 7 bankruptcy due to having high asset equity or income, chapter 13 bankruptcy form may aid you. Commonly referred to as reorganization bankruptcy, it is effective for homeowners facing repossession and foreclosure.

To be considered for the chapter, you must meet the monthly post-bankruptcy payment while supporting your current lifestyle. It would help if you kept in mind individual debt cannot surpass the set statutory limit.

You must file the following documents to get a chapter 13 form:

  • List of your total liabilities and assets
  • Schedule of your living costs and monthly income
  • Financial statement
  • List of all your properties
  • List of monthly expenses
  • Credit counseling certificate
  • Total debt owed
  • Monthly living costs
Schedule Your Consultation Now