Chapter 13 bankruptcy allows an individual to retain certain types of personal property by paying back their debt over a set period of time.
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Individuals who file bankruptcy often go on to become homeowners although banks typically require larger down payments.
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Melvyn Jacoby, the senior managing partner at Jacoby & Jacoby, explains the importance of hiring an experienced bankruptcy attorney on Long Island.
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A bankruptcy attorney from Jacoby & Jacoby will analyze your financial situation, including your assets and debt, in order to determine the best solution to your situation.
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When filing bankruptcy in New York, individuals can get exemptions based upon their marital status for items such as homes and vehicles.
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