New York Bankruptcy Attorneys

Bankruptcy can be a powerful legal tool to eliminate or restructure debt while protecting what matters most. Our attorneys help clients evaluate all available options and determine the right strategy for their financial goals.

Chapter 7 Bankruptcy (Liquidation)

For individuals or businesses seeking debt relief through liquidation, Chapter 7 bankruptcy discharges most unsecured debts such as credit cards, medical bills, and personal loans. We help protect exempt assets and handle the entire process from petition filing to final discharge, providing immediate relief from creditor harassment, lawsuits, and wage garnishments.

Chapter 11 Bankruptcy (Business Reorganization)

Chapter 11 bankruptcy allows businesses and organizations to reorganize debt while continuing operations. Our attorneys develop court-approved repayment plans that preserve assets, stabilize operations, and position your company for long-term recovery — a particularly effective solution for corporations, partnerships, and professional associations.

Chapter 13 Bankruptcy (Debt Reorganization for Individuals)

Chapter 13 bankruptcy enables individuals with steady income to repay debts over three to five years without losing property. We assist with crafting a feasible, court-approved repayment plan that helps you stop foreclosure, catch up on missed payments, and protect your assets while satisfying creditors.

At Pardalis & Nohavicka, we provide a holistic approach to debt relief — combining deep legal experience with empathy and clear communication.
Our team will:

• Conduct a comprehensive review of your financial situation and legal options.
• Prepare and file all bankruptcy petitions, schedules, and supporting documents.
• Represent you in court hearings and creditor meetings.
• Negotiate with creditors and trustees to maximize debt relief.
• Protect your home, income, and essential assets under state and federal exemptions.
• Guide you in rebuilding credit and financial stability after bankruptcy.

• Extensive Experience: Led by Of Counsel Attorney Norma Ortiz, a bankruptcy attorney with over 25 years of experience in both consumer and business filings.
• Personalized Strategy: Every financial situation is unique — we design custom bankruptcy plans tailored to your goals.
• Compassionate Counsel: We understand the stress of financial hardship and provide patient, judgment-free guidance.
• Comprehensive Support: From filing to discharge, we manage every aspect of the process and help you rebuild with confidence.

What is bankruptcy, and how can it help me?

Bankruptcy is a legal process that allows individuals or businesses to eliminate or restructure debt under court supervision, providing financial relief and protection from creditor actions.

What’s the difference between Chapter 7, Chapter 11, and Chapter 13 bankruptcy?

• Chapter 7: Liquidates non-exempt assets to discharge unsecured debts.
• Chapter 11: Reorganizes business debts while operations continue.
• Chapter 13: Allows individuals to repay debts over three to five years.
  Our attorneys help you determine which chapter best fits your financial situation.

Will I lose my property if I file for bankruptcy?

Not necessarily. Many assets — such as your home, car, retirement accounts, and personal belongings — may be protected under state or federal exemption laws. We’ll help ensure your essential property is safeguarded.

Can bankruptcy stop foreclosure or wage garnishment?

Yes. Once a bankruptcy petition is filed, the automatic stay immediately halts most collection actions, including foreclosures, wage garnishments, and creditor lawsuits.

How long does bankruptcy stay on my credit report?

Typically, Chapter 7 remains for 10 years and Chapter 13 for 7 years. However, many clients start rebuilding credit within months of discharge with proper financial planning.

Will bankruptcy eliminate all my debts?

Most unsecured debts (credit cards, medical bills, personal loans) can be discharged. Some debts — like taxes, child support, and student loans — may not be. We’ll explain which debts qualify for discharge in your case.

Can businesses file for bankruptcy too?

Yes. Businesses can file under Chapter 7 (liquidation) or Chapter 11 (reorganization). We represent corporations, LLCs, and partnerships in both forms of relief.