PRACTICE AREAS
Chapter 7 Bankruptcy New York
Chapter 7 bankruptcy may provide relief for individuals overwhelmed by credit cards, medical bills, personal loans, judgments, and other qualifying unsecured debt. A Chapter 7 filing can eliminate many dischargeable debts while allowing eligible filers to protect certain property through applicable bankruptcy exemptions. Kamini Fox helps clients determine whether they qualify, evaluate potential risks to assets, and decide whether Chapter 7 offers the right path toward a financial fresh start.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy allows qualifying individuals with regular income to reorganize debt through a court-approved repayment plan, typically lasting three to five years. It can be particularly valuable for homeowners who are behind on mortgage payments, facing foreclosure, or need time to catch up on secured or priority debts while keeping their property. Kamini Fox helps clients structure Chapter 13 plans designed to address arrears, protect assets, and create a manageable path forward.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy provides businesses and certain individuals with a powerful framework for restructuring debt while continuing operations and protecting valuable assets. It may be appropriate for companies dealing with secured loans, tax obligations, commercial leases, lawsuits, judgments, or other financial pressures that threaten long-term viability. Kamini Fox works with businesses, business owners, real estate investors, and individuals to develop restructuring strategies aimed at preserving value and creating a sustainable financial structure.
Subchapter V Bankruptcy
Subchapter V of Chapter 11 is a specialized reorganization option designed for qualifying small businesses that need a more practical path through bankruptcy. It can allow eligible businesses to continue operating, restructure debt, address creditor pressure, and seek confirmation of a reorganization plan under procedures intended to be faster and less burdensome than traditional Chapter 11. Kamini Fox helps small business owners evaluate Subchapter V eligibility and determine whether it provides the right strategy for preserving the business and restructuring its obligations.
Exemptions and Asset Preservation
At the beginning of a bankruptcy, all assets, properties, claims and holdings of the individual or business become part of the Bankruptcy Estate, which will be reviewed in the bankruptcy process. These are the items that will be considered for possible liquidation, vulnerable to be lost, particularly in Chapter 7.