212-300-5196

Service & Results.

nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

Get Free Consultation

Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

Spodek
Law in the Media

View All

Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

NYC Chapter 13 Bankruptcy Lawyers

By Spodek Law Group | March 7, 2021
(Last Updated On: July 26, 2023)

Last Updated on: 26th July 2023, 10:10 pm

Bankruptcy can be an unpleasant event, but with the right background information, you will feel much better about the process. Bankruptcy is a way for people who have accumulated a lot of debt to restructure that debt. It can lead to new payment plans or debt forgiveness for you, although there are likely negative consequences as well, which might include the loss of assets and a sharp decline in your credit score. There are two main types of bankruptcy than individuals will face: chapter 7 bankruptcy and chapter 13 bankruptcy. Both types involve discharging debt, but they differ in the type of debt and income that the people who go through it have.
The key idea behind bankruptcy is that sometimes, for many reasons, people wind up with debt that is simply too large for them to ever feasibly pay off. They need to go into bankruptcy. This is a process where the person alerts whoever has lent them money that they are insolvent and that everyone needs to come to some kind agreement about how to pay back the money, because it is impossible to fulfill the original contracts governing the loans. Bankruptcy is a formal, legal process that involves a court and bankruptcy judge overseeing the negotiations between the creditors and the debtor.
During bankruptcy, the debtor needs to show the creditors that they really cannot afford to pay the loans. During the process, creditors are prohibited by law from continuing to try to collect their money- they need to wait until all parties work out a payment plan.
Chapter 13 bankruptcy is meant for people who have large, secured loans. These are loans that have some kind of collateral, like mortgages, which use the house as collateral. Chapter 13 bankruptcy is appropriate for these loans because it can protect the person’s assets from being taken away. Chapter 13 is also suitable for people who have a meaningful income: people who do not make enough money must file for chapter 7 instead of chapter 13. There are also limits on how much debt a person can have when they file for bankruptcy: $383,175 in unsecured debt or $1,149,525 in secured debt. Additionally, when it comes to working out the payment plan itself, the plan must not take longer than 5 years to complete. Generally, it will be between three and five years.
The objective of chapter 13 bankruptcy is for the debtor to come out on the other side with their assets intact and with a plan in place to pay down their debt. This is particularly useful when some of the debt is a mortgage, because that allows the person going through bankruptcy to keep their house. In addition, although this negatively affects the credit of the person going through bankruptcy, the bankruptcy will come off that person’s credit report seven years after they declare. They will need to spend much of that time paying back their debt anyway, so they should not need much in the way of credit access.
While Chapter 13 bankruptcy is unpleasant, it is a necessary evil. It lets people make it through excessive debt without having to lose their homes. Chapter 13 bankruptcy is a complex legal process, so it is not recommended that anyone go through it without the help of an attorney.
We are an experienced and professional law firm in New York specializing in bankruptcy. Our combined decades of experience has shown us many different kinds of bankruptcies, so we are sure to have the knowledge that can help you get through your own Chapter 13 bankruptcy in the best possible shape. We devote all of our resources to protecting your interests in court. We know both the law and the way it is typically enforced, so we understand how to help you work with the court. We understand how difficult and trying an experience bankruptcy can be, and you shouldn’t need to have to negotiate the complexities of the law on your own while you also defend your assets in front of a judge. If you work with us, we can be your guide as you move through the process as well as strong advocates for your property. If you need to declare bankruptcy, don’t give up hope. Usually, people come out of bankruptcy and put themselves on the path to be in better financial shape than before.

Effective New York Chapter 13 Bankruptcy Filing Help
Sometimes bad things happen to good people. If those bad things include finding yourself with serious financial problems, you may want to consider filing Chapter 13 bankruptcy. Chapter 13 of the U.S. bankruptcy code allows people who have a regular income source the opportunity to reorganize their financial affairs and propose a plan to a bankruptcy judge whereby they can repay the money they owe to their creditors over a period of 3 to 5 years. One of the benefits of Chapter 13 bankruptcy is it enables people to retain ownership of their property.
Individuals who are considering bankruptcy generally have two options. They can file for Chapter 7 or Chapter 13 bankruptcy protection. Chapter 7 bankruptcy is sometimes called debt liquidation because it gets rid of all your debts without you having to repay any money to your debtors. However, a person filing Chapter 7 may have to give up their homes and automobiles. Chapter 13 bankruptcy, on the other hand, is called debt reorganization. People who file Chapter 13 must make arrangements to repay their debt. With the help of the bankruptcy court the person filing Chapter 13 is given the opportunity to make a series of payments to satisfy their debt.
Depending on the amount of money you owe and the amount of your regular, verifiable income, the bankruptcy court will decide whether you are eligible for Chapter 13 bankruptcy. If you qualify, they will create a debt repayment plan which will be administered by the court. People whose applications to file Chapter 13 are accepted usually have their attorneys negotiate with the bankruptcy court on the size of their monthly payment and whether that payment will be made for three or five years to satisfy their debt.
Under Chapter 13, some debts will be paid in full while some creditors will receive only a percentage of the money they are owed. The unpaid portion of the debt may be discharged when the Chapter 13 plan has run its course if the bankruptcy court deems you have made a good faith effort to pay off all your debts. Many people prefer to file for Chapter 13 bankruptcy because they can get to keep their home and their automobile while they work to repay their debt. People who file for Chapter 7 bankruptcy often have to forfeit all their assets to satisfy their creditors.
There are many benefits to filing for Chapter 13 bankruptcy. One benefit is it allows people to stretch out the repayment of their taxes, student loans, and other types of non-dischargeable debts for up to 5 years. Another benefit of Chapter 13 bankruptcy is it allows the debtor to avoid foreclosure on their home and prevent the repossession of their vehicle if they have fallen behind on their payments. The debtor is given an opportunity to make up those missed payments as part of their bankruptcy plan. Chapter 13 also prevents creditors from going after cosigners to make them repay the loan.
Not everyone is eligible to file Chapter 13. In order to qualify you must have enough regular income to make the required monthly payments to the bankruptcy court while continuing to pay the ongoing expenses you have. However, people who have large incomes and want relief through bankruptcy do not qualify for Chapter 7 and must file for Chapter 13 protection. The bankruptcy process is complex. You need the help of an experienced bankruptcy attorney. We can help. Contact us and we will schedule a free consultation and answer any questions you have about the process.
Bankruptcy laws vary slightly from state to state. We are experts in New York State bankruptcy law. We can help you to understand the laws, exceptions, and statutory requirements for filing Chapter 13 bankruptcy in New York State. This includes the fact that the bankruptcy court can approve your application for Chapter 13 bankruptcy whether or not your creditors approve of the plan. We will discuss homestead exemptions, motor vehicle exemptions, and other pertinent facts related to your specific set of circumstances.
We can show you how you can protect the assets and lifestyle of you and your family. We have many years of experience dealing with Chapter 13 bankruptcy filings in New York. When you retain our services, we will give you the benefit of our experience and help you to navigate what can be a difficult process. Our attorneys will give you step by steps directions for dealing with the entire process and explain what you can expect to face. With our support, directions, and legal advice we can help to make what can be a byzantine process clear and simple and work with you and the bankruptcy court to help to create a plan that will enable you to get a fresh start.

Free Consultation

Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me, and my company Qumana skincare feel comfortable and confident that the team was going to work hard for me. Everything...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

White Glove Service

We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
View More

Request Free Consultation

Please fill out the form below to receive a free consultation, we will respond to
your inquiry within 24-hours guaranteed.

NYC

85 Broad St 30th Floor, New York, NY 10004

212-300-5196

get directions

Los Angeles

611 S Catalina St Suite 222, Los Angeles, CA 90005

212-300-5196

get directions

QUEENS

35-37 36th St, 2nd Floor Astoria, NY 11106

212-300-5196

get directions

BROOKLYN

195 Montague St., 14th Floor, Brooklyn, NY 11201

212-300-5196

get directions
Call Now!