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Manhattan Bankruptcy Lawyer

Debt Relief Solutions for NYC, Manhattan, Brooklyn & Queens

The Law Office of Julio E. Portilla, P.C. provides bankruptcy services to individuals and businesses in Manhattan, Queens, and Brooklyn. If you are struggling to pay your bills, buried under an ever-increasing pile of debt, and have no foreseeable means of escape, then turn to our Manhattan bankruptcy lawyer for help. 

We have years of experience providing clients with personalized solutions that enable them to get a fresh start on life.

Our legal team assists clients with cases involving the following:

Benefits of Filing for Bankruptcy

If you are finding yourself behind on your mortgage payments, having difficulty keeping up with past due credit card payments, or receiving endless calls from creditors, filing for bankruptcy may be able to help you. Bankruptcy was designed to help people like you find a way out of debt so that you can start rebuilding your finances.

Bankruptcy can provide relief in many ways, including:

  • Eliminate most debts: Whether you are filing for Chapter 7, Chapter 11, or Chapter 13, you can wipe away most of your debt through discharging it or repaying it over time. You can eliminate debts such as medical bills, credit card payments, business debts, and more.
  • Stop creditor calls: When you file for bankruptcy, creditors are forbidden from contacting you for payments. This can relieve the stress from you so you can focus on resolving your debts.
  • Half foreclosure: Filing for bankruptcy will prompt the court to issue an automatic stay, which puts a stop to foreclosure proceedings and buy you time to resolve overdue mortgage payments.
  • Allow you to begin rebuilding credit: After your bankruptcy is complete, you will have a clean slate to start rebuilding your credit score over time. As long as you stay out of debt and maintain control of your finances, your credit should improve.

Bankruptcy may not be the right choice for everyone, but it can provide effective relief for most consumers and businesses. We can help you determine the right type of bankruptcy that suits you, and guide you through the process.

Which Bankruptcy Should I File?

  • Chapter 7 Bankruptcy: This is one type of bankruptcy that is available for individuals. It is also called straight bankruptcy or liquidation because most of your assets will be liquidated to pay off your debts.
  • Chapter 13 Bankruptcy: This is another type of bankruptcy available for individuals. This bankruptcy lasts for the duration of a debt repayment plan, from three to five years. General, unsecured creditors are usually only repaid a small percentage of what is owed, but past-due taxes must be paid in full, as well as arrearages on secured debt, such as a mortgage or car loan.
  • Chapter 11 Bankruptcy: Also referred to as “business reorganization” bankruptcy,  it is specifically aimed at relieving the debts of businesses and corporations. Businesses that file for Chapter 11 are able to continue with almost normal operation as a debtor-in-possession. It is designed to permit a business the ability both to restructure its debt and to reorganize its business operations.

Contact (917) 909-6166 to schedule a free consultation with an experienced bankruptcy lawyer. Se habla Español.

Rebuilding Your Finances After Bankruptcy

Although declaring bankruptcy might be an unpleasant choice, it can be the most effective way to start over and recover your finances. You will have the chance to begin repairing your credit and working toward a solid financial future once your bankruptcy has been dismissed. Our bankruptcy lawyers can advise you and help you at every step of the way.

Here are some steps you can take to rebuild your finances after bankruptcy:

  1. Develop a budget and stick to it
  2. Build an emergency fund
  3. Apply for secured credit cards or loans
  4. Make payments on time and in full
  5. Stay on top of your credit report
  6. Consider credit counseling or financial education

At the Law Office of Julio E. Portilla, P.C., we are committed to helping our clients achieve financial stability. Contact us to learn more about our bankruptcy services and how we can help you rebuild your finances after bankruptcy.

The Benefits of Rebuilding Your Finances After Bankruptcy

Although declaring bankruptcy might be challenging, it can also give your financial future a fresh start. Our skilled bankruptcy attorneys are here to assist you in recovering your finances after bankruptcy and are mindful of any difficulties you may be experiencing.

Here are some benefits of rebuilding your finances:

  • Improved credit score: While bankruptcy does have an impact on your credit score, rebuilding your finances can lead to a higher score over time. By paying bills on time and responsibly managing credit, you can show lenders that you are a reliable borrower.
  • Financial stability: Rebuilding your finances can help you create a more stable financial future. By budgeting wisely and saving money, you can build an emergency fund and plan for your future goals.
  • Reduced stress: Financial problems can cause a great deal of stress and anxiety. By taking steps to rebuild your finances, you can alleviate some of this stress and feel more in control of your financial situation.
  • Opportunities for new credit: Although bankruptcy may make it more difficult to obtain credit in the short term, rebuilding your finances can lead to new credit opportunities in the future. By demonstrating responsible credit use, you may be able to obtain new credit cards, loans, and other financial products.

At the Law Office of Julio E. Portilla, P.C., we are committed to helping our clients rebuild their finances after bankruptcy. Contact us today to schedule a consultation and learn how we can help you achieve financial stability.

  • High-Quality Representation
    The majority of the firm's clients are referrals. This is a testament to their faith in Julio E. Portilla's ability to provide the best legal counsel and advocacy.
  • Accessible
    When you hire Julio E. Portilla you can count on transparent communication regarding your case and fast response times on all questions!
  • Convenient
    For your safety and convenience, The Law Office of Julio E. Portilla offers phone and video consultations as well as same-day appointments.
  • Multilingual
    The team at The Law Office of Julio E. Portilla is multilingual and serves its clients in English and Spanish.
  • Personalized Attention
    Julio E. Portilla takes the time to listen, walk you through the process, and create a personalized strategy for your case.

How Our Bankruptcy Attorney Can Help You

When you're already stressed about your increasing debts, you should never have to go through additional stress trying to figure out bankruptcy laws and paperwork. Our Manhattan bankruptcy attorneys at Law Office of Julio E. Portilla, P.C. can guide you through every step of the process to help ensure your case runs smoothly.

A bankruptcy lawyer can provide guidance through the entire bankruptcy process, such as:

  • Helping you decide which bankruptcy chapter to file, or whether a bankruptcy alternative is better suited for your situation
  • Informing you of which debts can/can't be discharged and if bankruptcy exemptions apply to you
  • Completing and submitting your bankruptcy paperwork to help ensure all your financial data is accurate, including your debts, assets, income, expenses, etc.
  • Protect you from creditors who are violating the automatic stay
  • Negotiating with creditors
  • Providing education on how to rebuild your credit and financial stability

Commonly Asked Questions

What is bankruptcy?

Bankruptcy is a legal process that allows individuals or businesses to eliminate or repay some or all of their debts under the protection of the federal bankruptcy court.

How do I know if bankruptcy is right for me?

Bankruptcy is not the right solution for everyone. It is important to speak with an experienced bankruptcy lawyer who can evaluate your situation and help you determine if bankruptcy is the best option for you.

Will bankruptcy ruin my credit?

Bankruptcy will have a negative impact on your credit score, but it is not a permanent stain on your credit report. With time and responsible financial behavior, you can rebuild your credit after bankruptcy.

How long does the bankruptcy process take?

The length of the bankruptcy process depends on the type of bankruptcy you file and the complexity of your case. Chapter 7 bankruptcy typically takes a few months, while Chapter 13 bankruptcy can last three to five years.

If you would like to explore debt relief solutions, contact us onlineor give us a call at (917) 909-6166.

Stories From People We Have Helped

Read Our 5 Star Reviews
  • Greatest Success Possible

    “He not only guided me in my most difficult moments, but he was determined and positive at all times.”

    - Kat Sykes

  • Attentive, Knowledgeable, and Detail Orientated

    “He helped us every step of the way and made us feel so comfortable during a very difficult time.”

    - Anahida

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    “He was there for me in my time of need when I thought I had no options. He was professional and was always available to help in any way he could.”

    - Iris

  • I Was Put at Ease

    “I never felt lost, and the entire process was very stress-free thanks to Mr. Portilla.”

    - Happy Client

  • He Was There for Us Every Step of the Way

    “Mr. Portilla previously helped out my family so we knew his services were excellent. I would recommend his services to anyone who needs a reliable lawyer.”

    - A. Ovan

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