Bankruptcy Lawyer in Brooklyn and NYC

Karasik Law Group, P.C. handles bankruptcy from every side of the case. The firm represents people filing for bankruptcy relief, and it also represents creditors and trustees in bankruptcy court, including matters that involve relief from the automatic stay, preferential and fraudulent transfers, and non-dischargeability actions. For someone deciding whether to file, that matters: Alexander Karasik, Esq. has sat at both tables and knows how the other side argues, which shapes how he prepares your case.

For people filing, Karasik Law Group, P.C. offers consultation and representation without embarrassment and without passing personal judgment. The moment a bankruptcy case is filed, the automatic stay takes effect under federal law, which stops most collection calls, wage garnishments, lawsuits, and foreclosure or repossession actions while the case moves forward. Depending on your situation, bankruptcy can wipe out qualifying unsecured debts such as credit card balances, medical bills, and personal loans, or reorganize what you owe into a payment plan you can actually meet. Some debts, such as most student loans, recent taxes, and child support, are generally not erased. Alexander Karasik, Esq. reviews your full financial picture first and tells you honestly what bankruptcy can and cannot do in your case.

Chapter 7 is the option most people picture when they think of bankruptcy. It can discharge qualifying unsecured debts in a matter of months, and many filers keep their everyday property through New York's exemptions. Eligibility depends on a means test that looks at your income against the New York median. Chapter 13 is a reorganization. Instead of erasing the debt outright, you repay part of what you owe through a court-approved plan over three to five years, which can let you catch up on a mortgage and stop a foreclosure while keeping the house. Which chapter fits depends on your income, your assets, and what you are trying to protect. Alexander Karasik, Esq. walks through both at the consultation so the path you choose is the one that actually fits your situation.

Most people who call about bankruptcy feel they should have handled it differently. Job loss, a medical event, a divorce, or a business that did not work out can put anyone here, and none of it is a character flaw. Karasik Law Group, P.C. meets you without embarrassment and without passing personal judgment, lays out your options in plain language, and lets you decide what to do with a clear head. You can have that conversation in Russian, Ukrainian, English, or Spanish.

For creditors, Karasik Law Group, P.C. represents your financial interests in bankruptcy court and works to minimize or eliminate your loss. The firm recently represented a creditor in an action for non-dischargeability of the creditor's claim in a Chapter 7 proceeding and obtained a judgment of non-dischargeability by winning the Motion for Summary Judgment. The firm also handles work for bankruptcy trustees. Past results do not guarantee future outcomes, and every case is decided on its own facts.

If debt has reached the point where calls, court papers, or a foreclosure notice are arriving, the first move is a clear read on where you stand. Karasik Law Group, P.C. offers a confidential consultation with a Brooklyn and NYC bankruptcy lawyer to review what you owe, what you own, and whether Chapter 7 or Chapter 13 fits your situation. You can have that conversation in Russian, Ukrainian, English, or Spanish. Call (929) 444-4444 to schedule your confidential bankruptcy consultation.

When a bankruptcy case is filed, the automatic stay takes effect under federal law. It stops most collection calls, wage garnishments, lawsuits, and foreclosure or repossession actions while the case is pending. A Chapter 13 plan can also let a homeowner catch up on missed mortgage payments over time and keep the house. Karasik Law Group, P.C. can review your situation and explain how the stay would apply to you.

Chapter 7 can discharge qualifying unsecured debts, such as credit card balances and medical bills, usually within a few months, and many filers keep their everyday property through New York's exemptions. Chapter 13 reorganizes what you owe into a court-approved repayment plan over three to five years, which can help you keep a home and catch up on a mortgage. Which one fits depends on your income, your assets, and what you are trying to protect. Alexander Karasik, Esq. reviews both with you at the consultation.

Bankruptcy can often discharge unsecured debts such as credit card balances, medical bills, and personal loans. Some debts are generally not erased, including most student loans, recent income taxes, child support, alimony, and court fines. Whether a specific debt can be discharged depends on the type of debt and the facts of your case, which Karasik Law Group, P.C. reviews before you file.

Yes. Alexander Karasik, Esq. and the Karasik Law Group, P.C. team handle bankruptcy consultations in Russian, Ukrainian, English, and Spanish, so you can explain your finances and review your options in the language you speak at home.