Eric W. Sherwood, Esq.: Experienced Bankruptcy Lawyer in Syracuse, NY

Filing for bankruptcy is never an easy decision, but you do not need to make this decision alone.  As an attorney who has practiced bankruptcy law for over 12 years, I understand the heavy burden of debt that you are facing and I am committed to providing you with the relief that comes with a future free from debt.

I promise to take the time to personally review all of your debts and assets with you in order to create an effective solution tailored to your particular needs.  I will handle all of the details of your bankruptcy case, answer all of your questions, and address all of your concerns.

It is my mission to help you move past your financial turmoil and into a situation where you are able to receive a fresh start at life.

What is a Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy relieves you from having to pay for certain debts such as credit card balances, bank loans, court judgments, and medical bills.  However, there are other debts that still must be paid; including certain types of tax debt, most student loans, government fines, restitution for outstanding child and spousal support, and debts incurred from criminal or fraudulent behavior. All of your non-exempt property is liquidated to pay off creditors.  Learn More about Chapter 7 Bankruptcy

What is a Chapter 13 Bankruptcy?

A Chapter 13 bankruptcy gives you an opportunity to pay off debts according to a court-approved payment plan over a period of 3 to 5 years. The primary benefits of Chapter 13 bankruptcy are that you are able keep all of your non-exempt property and are also able to prevent foreclosure on your home by paying off any mortgage arrears through your plan.  Learn More about Chapter 13 Bankruptcy.

What is the difference between Bankruptcy and Debt Consolidation?

Many people fear bankruptcy because they do not want a negative stigma attached to their credit history. However, alternatives such as debt consolidation may be problematic. During our initial consultation, I will help you to understand your options so you can make an informed decision about your financial future. Learn More about the differences between Bankruptcy and Debt Consolidation.

What are my rights upon filing for Bankruptcy?

Once your Chapter 7 or 13 bankruptcy petition is filed with the court, it prevents your creditors from contacting you or taking action against you.  It will also stop wage garnishments, halt foreclosures and prevent repossessions.  Read more about your rights upon filing for bankruptcy.

What can I expect during the Bankruptcy process?

The process begins with you gathering all of your personal financial information to prepare for our initial meeting.  Learn more about the bankruptcy process.

What will I be able to keep once I file for Bankruptcy?

You will be able to keep all of your property that is classified as exempt under the Bankruptcy Law.  While all bankruptcies are filed in United States Bankruptcy Court, each state has different exemptions. Review the list of New York State Bankruptcy Exemptions.