Thaler Law Firm PLLC
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​When should you consult with a professional about personal bankruptcy?
  • ​Inability to pay debts as they become due
  • Borrowing money from pensions and retirement accounts to pay bills
  • Tapping home equity loans to pay bills
  • Borrowing money from one credit card to pay another
  • Having exhausted all credit card debt limits.
  • Generally “Robbing Peter to Pay Paul”  
  • In default under a residential home mortgage
  • Collection agencies and creditors sending you dunning letters and calling your house
  • Sued for money you do not dispute but simply cannot pay
  • Concerned about whether you can keep your home
What will a bankruptcy attorney ask you?
  • How much debt you owe?
  • Do you own a home?
  • Do you have a mortgage?
  • Is it in arrears and if so how much? Is the house in foreclosure?
  • Are you being sued?
  • Do you own a car?  Is it leased or financed?
  • Are you married? Do you both have debts?
  • How many dependents do you have? Children, elderly parents?
  • How much money do you earn?
  • Do you have savings?  How much?
  • Do you have pension or retirement money?
  • Have you prepared a budget of your income and expenses?
  • Have you repaid family members or other creditors in the last year?
  • Have you transferred any of your property in the last 6 years?

REMEMBER: There is no "one size fits all" bankruptcy. Each person has a unique set of circumstances that must be carefully analyzed by a professional.
What your bankruptcy attorney should be able to answer
  • Which debts will be discharged
  • What property can be retained
  • What is the Means Test and will I qualify
  • How will bankruptcy affect my family members

Thaler Law Firm PLLC
675 Old Country Road
Westbury, New York 11590
Phone: (516) 279-6700 | Fax: (516) 279-6722

Disclaimer
Thaler Law Firm provides the information and materials on its website and blog for informational purposes only. The information is general in nature and does not constitute legal advice.
Further, the use of this information, and the sending or receipt of such information and materials, does not create an attorney-client relationship between us. Prior results do not guarantee a future or similar outcome.

The application and impact of laws can vary widely based on the specific facts involved. Accordingly, the information is provided with the understanding that the authors are not herein engaged in rendering legal, accounting, tax,
or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other advisers.

Materials and information in this presentation is proprietary in nature belonging to Thaler Law Firm and may only be reproduced in its entirety (without modification) for the individual reader’s personal or educational use and must include
this notice of our proprietary interest and the prohibition of reproduction

TLF is considered a debt relief agency.
TLF helps people file for bankruptcy relief under the Bankruptcy Code.
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