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Manhattan Bankruptcy Lawyer

Debt Relief Solutions for New York City Residents

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:

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

Together We'll Find The Right Option For You

The Law Office of Julio E. Portilla, P.C., is devoted to your case and personally handles it in its entirety. For more information on how we can help you, contact us today.

Bankruptcy Options

Here to Guide You Through The Process
To discover the right debt relief solution for your situation, get in touch with the Law Office of Julio E. Portilla, P.C.. Our Manhattan divorce lawyer provides the individualized attention you deserve.

What Sets Us Apart?

The Difference is Clear
  • High-Quality Representation

    The majority of the firm's clients are referrals. This is a testament to their faith in Attorney Portilla's ability to provide the best legal counsel and advocacy.

  • Accessible

    When you hire Attorney 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, P.C. offers phone and video consultations as well as same-day appointments.

  • Multilingual

    The team at The Law Office of Julio E. Portilla, P.C. is multilingual and serves its clients in English, Spanish and French.

  • Personalized Attention

    Attorney Portilla takes the time to listen, walk you through the process, and create a personalized strategy for your case.

  • Courtroom Experience

    Attorney Portilla is a proven litigator who has vast experience handling various cases types in a courtroom successfully.

Meet Our Dedicated Attorney Julio E. Portilla

"I will fight to protect your legal rights under the law."

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.

Bankruptcy Services We Offer in Manhattan, Brooklyn & Queens

Chapter 7 Bankruptcy

Chapter 7 is one type of bankruptcy that is available for individuals. It is also called straight bankruptcy or liquidation. The bankruptcy court appoints a trustee who administers the bankruptcy. The individual filing for bankruptcy usually retains all the typical types of household goods and clothing. They may also retain their home and vehicles as long as they do not have more equity in those items than they can exempt (or protect).

If the bankruptcy trustee allows an individual in bankruptcy to keep a car secured by a car lien or a house encumbered by a mortgage, the individual filing for bankruptcy must pay all car and mortgage payments as they fall due and pay the insurance on those items. A chapter 7 bankruptcy usually lasts about four to six months. At the end of the bankruptcy, most debts are extinguished through a discharge of debts. Secured debts, however, such as a car loan or a mortgage, receive different treatment.

At the beginning of the bankruptcy process, the debtor will select to do one of the following:

  • Pay the creditor for the replacement value of the property
  • Return the property to the creditor
  • “Reaffirm” (or agree) to new contract terms with the creditor

Chapter 13 Bankruptcy

Chapter 13 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.

This form of bankruptcy may allow individuals to keep a home or car even if they have become seriously delinquent on the loans. At the end of a successful bankruptcy, most debts are extinguished through a discharge of debts. To be eligible for Chapter 13, a debtor must meet debt limitation requirements. If unsecured debt exceeds $394,725 or secured debt exceeds $1,184,200, then they do not qualify for this type of bankruptcy.

Chapter 11 Bankruptcy

Chapter 11 is a type of bankruptcy that is 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.

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Stories from People We have Helped 

Read Our 5 Star Reviews 
  • He not only guided me in my most difficult moments, but he was determined and positive at all times.

    “Mr. Julio E. Portilla is a great attorney. His expertise in Bankruptcy law allowed me to help solve my case with the greatest success possible. I thank Julio so very much because he not only guided me ...”

    - Kat Sykes
  • He helped us every step of the way and made us feel so comfortable during a very difficult time.

    “Absolutely amazing attorney. I would not even think about retaining anyone else! He helped us every step of the way and made us feel so comfortable during a very difficult time. Mr. Portilla is very ...”

    - Anahida
  • He was there for me in my time of need when I thought I had no options.

    “Mr. Portilla was an excellent lawyer. 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 never felt lost, and the entire process was very stress-free thanks to Mr. Portilla.

    “I was referred to the Law Office of Mr. Portilla by a friend. When I filed for bankruptcy I was very nervous. The minute I stepped into Julio's office and heard him speak I was put at ease. Julio ...”

    - Happy Client
  • He was there for us every step of the way and would recommend his services to anyone who needs a reliable lawyer.

    “Mr. Portilla previosly helped out my family so we knew his services were excellent. He was there for us every step of the way and would recommend his services to anyone who needs a reliable lawyer.”

    - A. Ovan
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